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

UMA

all UMA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.2397%/8h= +262.5% APRpaid last 24h +0.426%
Price spread now: Kraken Futures against Aster+0.207%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 4 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
Both sides work for this trade now. Funding pays +$72 a day on $10k at the current rate, and Kraken Futures is 0.207% dearer against Aster than usual: you sell high and buy low: +$21 more if the spread 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 06m$24K$2K5x
ShortKraken Futures PF_UMAUSD0.40300.2497get 0.0312% / 1h6m 47s$14K$6K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$503.39
Price spread: +0.207% → 0.000%
$20.74
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$506.13
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Kraken Futures: 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 Kraken Futures no order-book sample
Aster and Kraken Futures: 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%1h0.4027+0.125%$213K$67K3xas long as short
Aster UMAUSDTlong+0.0100%4h0.4022long leg$24K$2K5x
Binance UMAUSDT+0.0100%4h0.4022+0.002%$1.5M$1.2M50xas long as short
Bybit UMAUSDT+0.0100%4h0.4022+0.008%$667K$160K25xas long as short
OKX UMA-USDT-SWAP+0.0100%4h0.4018−0.091%$313K$239K10xas long as short
Gate UMA_USDT+0.0100%4h0.4023+0.033%$78K$46K25xas long as short
MEXC UMA_USDT+0.0100%4h0.4021−0.017%$223K$171K50xas long as short
KuCoin UMAUSDTM+0.0100%4h0.4017−0.116%$163K$62K30xas long as short
Bitget UMAUSDT+0.0100%4h0.4026+0.107%$970K$71K50xas long as short
BingX UMA-USDT+0.0100%4h0.4020−0.042%$2.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UMA+0.0100%4h0.4023+0.028%$5K$7as long as short
Kraken Futures PF_UMAUSDshort+0.2497%1h0.4030+0.207%$14K$6K10x