Funding you earn now, next payment 16:00 UTC+0.1620%/8h= +177.4% APRnext payment +$16.20 per $10,000 · paid last 24h +0.089%
Price spread now: MEXC against Phemex−0.116%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1551.552% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.211%+$21 · spread now −0.116%, 7d avg −0.029%
=Funding pays, the price is against you. MEXC is 0.087% cheaper against Phemex than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.029%). If the spread goes back, that is −$9 on $10k: about 4 hours of funding at the current rate (+$49 a day). Mind the row above: over the last 7 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$16.20 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 | 17.190 | 0 | get 0.0000% / 8h | 5h 45m | $1.2M | $129K | 10x |
| Short | MEXC UVXY_USDT | 17.170 | 0.1620 | get 0.1620% / 8h | 5h 45m | $881K | $85K | 20x |
Phemex UVXYUSDT
MEXC UVXY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $340.2
- Price spread: −0.116% → −0.029%
- −$8.7
- Slippage, 4 orders
- −$143.21
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $176.29
- Costs to cover
- 1.552%
- Break-even
- 3.4 days
Slippage from Phemex: live order book, 5 min ago; MEXC: live order book, 61 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, 5 min ago | 8.73 bp | 58.7 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 61 min ago | 11.61 bp | 25.3 bp −$25 | 41.4 bp −$414 | 89.0 bp −$8,900 | 230.9 bp −$115.5K |
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 | 17.218 | +0.161% | $6K | $1K | 20x | as long as short |
| Bybit UVXYUSDT | 0.0000% | 8h | 17.190 | 0.000% | $1.1M | $176K | 25x | as long as short |
| Gate UVXY_USDT | 0.0000% | 8h | 17.190 | 0.000% | $396K | $223K | 20x | as long as short |
| Bitget UVXYUSDT | 0.0000% | 8h | 17.163 | −0.157% | $790K | $252K | 20x | as long as short |
| SunX UVXY-USDT | 0.0000% | 8h | 17.170 | −0.116% | $1K | $340K | 10x | as long as short |
| Phemex UVXYUSDTlong | 0.0000% | 8h | 17.190 | long leg | $1.2M | $129K | 10x | |
| HTX UVXY-USDT | +0.0193% | 8h | 17.240 | +0.291% | $11K | $3K | 10x | as long as short |
| KuCoin UVXYUSDTM | +0.1107% | 8h | 17.200 | +0.058% | $151K | $963K | 20x | as long as short |
| OKX UVXY-USDT-SWAP | +0.1213% | 8h | 17.180 | −0.058% | $400K | $377K | 20x | as long as short |
| Variational Omni UVXY | +0.1548% | 8h | 17.181 | −0.055% | $97K | $6K | — | as long as short |
Aster UVXYUSDT
Bybit UVXYUSDT
Gate UVXY_USDT
Bitget UVXYUSDT
SunX UVXY-USDT
HTX UVXY-USDT
KuCoin UVXYUSDTM
OKX UVXY-USDT-SWAP
Variational Omni UVXYShow all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UVXYUSDT | +0.1619% | 8h | 17.185 | −0.030% | $2.1M | $1.7M | 20x | as long as short |
| MEXC UVXY_USDTshort | +0.1620% | 8h | 17.170 | −0.116% | $881K | $85K | 20x | |
| BloFin UVXY-USDT | +0.1643% | 8h | 17.170 | −0.116% | $63K | $4K | 20x | as long as short |
| GRVT UVXY_USDT_Perp | +0.1948% | 8h | 17.186 | −0.026% | $6K | $142K | 10x | as long as short |
Binance UVXYUSDT
BloFin UVXY-USDT
GRVT UVXY_USDT_Perp