UVXY

Funding pays, the price is against you. BloFin is 0.058% cheaper against SunX than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$31 a day). Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.