Funding arb · Price arb /

UMA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Aster+0.001%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UMAUSDT	0.4055	0.0100	pay 0.0050% / 4h	2h 00m	$25K	$769	5x
Short	Binance UMAUSDT	0.4055	0.0100	get 0.0050% / 4h	2h 00m	$1.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → 0.000%: $0.06
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.94
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Binance: live order book, 2 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	2.46 bp	31.5 bp −$32	128.3 bp −$1,283	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

UMA on 13 venues

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
Hyperliquid UMA	+0.0100%	1h	0.4057	+0.074%	$214K	$66K	3x	as long as short
Aster UMAUSDTlong	+0.0100%	4h	0.4055	long leg	$25K	$769	5x
Binance UMAUSDTshort	+0.0100%	4h	0.4055	+0.001%	$1.5M	$1.2M	50x
Bybit UMAUSDT	+0.0100%	4h	0.4056	+0.037%	$675K	$150K	25x	as long as short
OKX UMA-USDT-SWAP	+0.0100%	4h	0.4053	−0.037%	$315K	$239K	10x	as long as short
Gate UMA_USDT	+0.0100%	4h	0.4060	+0.135%	$78K	$43K	25x	as long as short
MEXC UMA_USDT	+0.0100%	4h	0.4053	−0.037%	$238K	$167K	50x	as long as short
KuCoin UMAUSDTM	+0.0100%	4h	0.4051	−0.087%	$155K	$63K	30x	as long as short
Bitget UMAUSDT	+0.0100%	4h	0.4051	−0.087%	$977K	$68K	50x	as long as short
BingX UMA-USDT	+0.0100%	4h	0.4056	+0.037%	—	$2.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni UMA	+0.0100%	4h	0.4058	+0.080%	$5K	$7	—	as long as short
BloFin UMA-USDT	+0.0147%	4h	0.4058	+0.086%	$74K	$7K	50x	as long as short
Kraken Futures PF_UMAUSD	+0.1838%	1h	0.4064	+0.242%	$14K	$6K	10x	as long as short