Funding arb · Price arb /

UVXY

RWAall UVXY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Phemex−0.116%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$300as in the Funding arb table

Net, price: spread back to 7d avg − costs−$309as in the Price arb table

costs, in and out, $10k−$3003.004% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.116%, 7d avg −0.033%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.083% cheaper against Phemex than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UVXYUSDT	17.220	0	get 0.0000% / 8h	4h 44m	$1.2M	$135K	10x
Short	SunX UVXY-USDT	17.200	0	get 0.0000% / 8h	4h 44m	$786	$353K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → −0.033%: −$8.35
Slippage, 4 orders: −$280.42
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$308.77
Costs to cover: 3.004%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; SunX: live order book, 49 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	14.51 bp	53.9 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 49 min ago	49.46 bp	89.0 bp −$89	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	17.201	−0.109%	$6K	$1K	20x	as long as short
Bybit UVXYUSDT	0.0000%	8h	17.210	−0.058%	$1.1M	$174K	25x	as long as short
Gate UVXY_USDT	0.0000%	8h	17.200	−0.116%	$398K	$226K	20x	as long as short
Bitget UVXYUSDT	0.0000%	8h	17.192	−0.163%	$796K	$252K	20x	as long as short
SunX UVXY-USDTshort	0.0000%	8h	17.200	−0.116%	$786	$353K	10x
HTX UVXY-USDT	0.0000%	8h	17.240	+0.116%	$11K	$3K	10x	as long as short
Phemex UVXYUSDTlong	0.0000%	8h	17.220	long leg	$1.2M	$135K	10x
OKX UVXY-USDT-SWAP	+0.1112%	8h	17.210	−0.058%	$401K	$385K	20x	as long as short
KuCoin UVXYUSDTM	+0.1176%	8h	17.220	0.000%	$152K	$999K	20x	as long as short
Variational Omni UVXY	+0.1479%	8h	17.201	−0.113%	$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	+0.1522%	8h	17.210	−0.058%	$64K	$4K	20x	as long as short
GRVT UVXY_USDT_Perp	+0.1531%	8h	17.212	−0.047%	$6K	$142K	10x	as long as short
MEXC UVXY_USDT	+0.1540%	8h	17.190	−0.174%	$882K	$85K	20x	as long as short
Binance UVXYUSDT	+0.1541%	8h	17.215	−0.032%	$2.2M	$1.8M	20x	as long as short