Funding arb · Price arb /

UMA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Aster+0.023%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 BingX

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.023% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UMAUSDT	0.4057	0.0100	pay 0.0050% / 4h	3h 40m	$25K	$769	5x
Short	BingX UMA-USDT	0.4058	0.0100	get 0.0050% / 4h	3h 40m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → 0.000%: $2.35
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$15.65
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; BingX: live order book, 8 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 BingX live order book, 8 min ago	6.15 bp	31.5 bp −$31	86.8 bp −$868	859.1 bp −$85.9K	1212.9 bp −$606.4K

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	0.4059	+0.048%	$215K	$65K	3x	as long as short
Aster UMAUSDTlong	+0.0100%	4h	0.4057	long leg	$25K	$769	5x
Binance UMAUSDT	+0.0100%	4h	0.4057	0.000%	$1.5M	$1.1M	50x	as long as short
Bybit UMAUSDT	+0.0100%	4h	0.4059	+0.048%	$680K	$144K	25x	as long as short
OKX UMA-USDT-SWAP	+0.0100%	4h	0.4055	−0.050%	$316K	$232K	10x	as long as short
Gate UMA_USDT	+0.0100%	4h	0.4060	+0.073%	$78K	$41K	25x	as long as short
MEXC UMA_USDT	+0.0100%	4h	0.4056	−0.026%	$214K	$171K	50x	as long as short
KuCoin UMAUSDTM	+0.0100%	4h	0.4056	−0.026%	$157K	$62K	30x	as long as short
Bitget UMAUSDT	+0.0100%	4h	0.4065	+0.196%	$981K	$63K	50x	as long as short
BingX UMA-USDTshort	+0.0100%	4h	0.4058	+0.023%	—	$2.3M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni UMA	+0.0100%	4h	0.4060	+0.081%	$5K	$1	—	as long as short
BloFin UMA-USDT	+0.0141%	4h	0.4063	+0.147%	$74K	$7K	50x	as long as short
Kraken Futures PF_UMAUSD	+0.1711%	1h	0.4066	+0.218%	$14K	$5K	10x	as long as short