UVXY

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.1152%/8h= +126.1% APRnext payment +$11.52 per $10,000 · paid last 24h +0.082%

Price spread now: KuCoin against Phemex+0.116%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$771as in the Funding arb table

Net, price: spread back to 7d avg − costs−$765as in the Price arb table

costs, in and out, $10k−$7777.767% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.116%, 7d avg 0.000%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and KuCoin is 0.116% dearer against Phemex than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of 0.000%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.52 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UVXYUSDT	17.210	0	get 0.0000% / 8h	6h 09m	$1.2M	$125K	10x
Short	KuCoin UVXYUSDTM	17.230	0.1152	get 0.1152% / 8h	6h 09m	$151K	$944K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee KuCoinbpOrdersPrice spread, now +0.116%Rate

Funding earned: $241.92
Price spread: +0.116% → 0.000%: $11.65
Slippage, 4 orders: −$752.72
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$523.15
Costs to cover: 7.767%
Break-even: 22.1 days

Slippage from Phemex: live order book, 1 min ago; KuCoin: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 1 min ago	5.81 bp	50.3 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 37 min ago	2.90 bp	316.6 bp −$317	doesn't fit	doesn't fit	doesn't fit

UVXY on 14 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UVXYUSDT	0.0000%	8h	17.220	+0.058%	$6K	$1K	20x	as long as short
Gate UVXY_USDT	0.0000%	8h	17.200	−0.058%	$393K	$221K	20x	as long as short
Bitget UVXYUSDT	0.0000%	8h	17.171	−0.227%	$789K	$242K	20x	as long as short
SunX UVXY-USDT	0.0000%	8h	17.200	−0.058%	$1K	$334K	10x	as long as short
HTX UVXY-USDT	0.0000%	8h	17.230	+0.116%	$11K	$3K	10x	as long as short
Phemex UVXYUSDTlong	0.0000%	8h	17.210	long leg	$1.2M	$125K	10x
Bybit UVXYUSDT	+0.0221%	8h	17.230	+0.116%	$1.1M	$180K	25x	as long as short
KuCoin UVXYUSDTMshort	+0.1152%	8h	17.230	+0.116%	$151K	$944K	20x
OKX UVXY-USDT-SWAP	+0.1156%	8h	17.220	+0.058%	$392K	$365K	20x	as long as short
Variational Omni UVXY	+0.1522%	8h	17.206	−0.022%	$97K	$6K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin UVXY-USDT	+0.1577%	8h	17.190	−0.116%	$62K	$4K	20x	as long as short
MEXC UVXY_USDT	+0.1594%	8h	17.200	−0.058%	$882K	$86K	20x	as long as short
Binance UVXYUSDT	+0.1595%	8h	17.210	−0.001%	$2.1M	$1.7M	20x	as long as short
GRVT UVXY_USDT_Perp	+0.2284%	8h	17.225	+0.088%	$6K	$145K	10x	as long as short