Settings8H · net · $10k
Funding arb · Price arb /

UMA

all UMA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Aster+0.046%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno 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: Gate is 0.046% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster UMAUSDT0.40220.0100pay 0.0050% / 4h2h 12m$24K$2K5x
ShortGate UMA_USDT0.40240.0100get 0.0050% / 4h2h 12m$78K$46K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: +0.046% → 0.000%
$4.56
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$18.44
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Gate: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Gate no order-book sample
Aster and Gate: 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 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid UMA+0.0100%1h0.4026+0.090%$213K$68K3xas long as short
Aster UMAUSDTlong+0.0100%4h0.4022long leg$24K$2K5x
Binance UMAUSDT+0.0100%4h0.4020−0.053%$1.5M$1.3M50xas long as short
Bybit UMAUSDT+0.0100%4h0.4022−0.004%$667K$163K25xas long as short
OKX UMA-USDT-SWAP+0.0100%4h0.4022−0.004%$313K$242K10xas long as short
Gate UMA_USDTshort+0.0100%4h0.4024+0.046%$78K$46K25x
MEXC UMA_USDT+0.0100%4h0.4020−0.054%$223K$171K50xas long as short
KuCoin UMAUSDTM+0.0100%4h0.4019−0.079%$163K$62K30xas long as short
Bitget UMAUSDT+0.0100%4h0.4022−0.004%$969K$71K50xas long as short
BingX UMA-USDT+0.0100%4h0.4021−0.029%$2.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UMA+0.0100%4h0.4024+0.052%$5K$7as long as short
Kraken Futures PF_UMAUSD+0.2499%1h0.4027+0.118%$14K$6K10xas long as short