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: Bybit against SunX+0.058%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$365as in the Funding arb table

Net, price: spread back to 7d avg − costs−$348as in the Price arb table

costs, in and out, $10k−$3443.441% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now +0.058%, 7d avg +0.100%

Together, before fees−0.072%−$7 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: Bybit is 0.042% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UVXY-USDT	17.200	0	get 0.0000% / 8h	4h 48m	$712	$353K	10x
Short	Bybit UVXYUSDT	17.210	0	get 0.0000% / 8h	4h 48m	$1.1M	$174K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.100%: −$4.22
Slippage, 4 orders: −$325.13
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$348.35
Costs to cover: 3.441%
Break-even: never at this rate

Slippage from SunX: live order book, 46 min ago; Bybit: live order book, 1 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 SunX live order book, 46 min ago	49.46 bp	88.4 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	8.71 bp	78.4 bp −$78	230.3 bp −$2,303	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	17.188	−0.073%	$6K	$1K	20x	as long as short
Bybit UVXYUSDTshort	0.0000%	8h	17.210	+0.058%	$1.1M	$174K	25x
Gate UVXY_USDT	0.0000%	8h	17.200	0.000%	$398K	$225K	20x	as long as short
Bitget UVXYUSDT	0.0000%	8h	17.179	−0.122%	$796K	$252K	20x	as long as short
SunX UVXY-USDTlong	0.0000%	8h	17.200	long leg	$712	$353K	10x
HTX UVXY-USDT	0.0000%	8h	17.190	−0.058%	$11K	$3K	10x	as long as short
Phemex UVXYUSDT	0.0000%	8h	17.200	0.000%	$1.2M	$135K	10x	as long as short
OKX UVXY-USDT-SWAP	+0.1128%	8h	17.210	+0.058%	$401K	$385K	20x	as long as short
KuCoin UVXYUSDTM	+0.1174%	8h	17.210	+0.058%	$152K	$996K	20x	as long as short
Variational Omni UVXY	+0.1469%	8h	17.165	−0.201%	$97K	$6K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT UVXY_USDT_Perp	+0.1498%	8h	17.175	−0.144%	$6K	$142K	10x	as long as short
MEXC UVXY_USDT	+0.1529%	8h	17.170	−0.174%	$881K	$84K	20x	as long as short
Binance UVXYUSDT	+0.1532%	8h	17.200	0.000%	$2.2M	$1.8M	20x	as long as short
BloFin UVXY-USDT	+0.1542%	8h	17.190	−0.058%	$64K	$4K	20x	as long as short