UVXY

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.1213%/8h= +132.8% APRnext payment +$12.13 per $10,000 · paid last 24h +0.047%

Price spread now: OKX against Phemex−0.058%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1681.677% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)+0.248%+$25 · spread now −0.058%, 7d avg +0.034%

Together, before fees+0.243%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.092% cheaper against Phemex than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.034%). If the spread goes back, that is −$9 on $10k: about 6 hours of funding at the current rate (+$36 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.13 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	OKX UVXY-USDT-SWAP	17.180	0.1213	get 0.1213% / 8h	5h 45m	$400K	$377K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $254.66
Price spread: −0.058% → +0.034%: −$9.23
Slippage, 4 orders: −$145.74
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $77.7
Costs to cover: 1.677%
Break-even: 4.9 days

Slippage from Phemex: live order book, 5 min ago; OKX: live order book, 62 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 OKX live order book, 62 min ago	5.80 bp	46.5 bp −$47	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	17.218	+0.162%	$6K	$1K	20x	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
Bybit UVXYUSDT	+0.0007%	8h	17.190	0.000%	$1.1M	$176K	25x	as long as short
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%	$152K	$963K	20x	as long as short
OKX UVXY-USDT-SWAPshort	+0.1213%	8h	17.180	−0.058%	$400K	$377K	20x
Variational Omni UVXY	+0.1554%	8h	17.181	−0.055%	$97K	$6K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UVXYUSDT	+0.1619%	8h	17.185	−0.032%	$2.1M	$1.7M	20x	as long as short
MEXC UVXY_USDT	+0.1620%	8h	17.170	−0.116%	$881K	$85K	20x	as long as short
BloFin UVXY-USDT	+0.1643%	8h	17.170	−0.116%	$63K	$4K	20x	as long as short
GRVT UVXY_USDT_Perp	+0.1974%	8h	17.183	−0.043%	$6K	$142K	10x	as long as short