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: KuCoin against Aster+0.029%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 KuCoin

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: KuCoin is 0.029% dearer against Aster than usual: you sell high and buy low, +$3 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	0.4054	0.0100	pay 0.0050% / 4h	1h 59m	$25K	$769	5x
Short	KuCoin UMAUSDTM	0.4055	0.0100	get 0.0050% / 4h	1h 59m	$156K	$63K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → 0.000%: $2.94
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$17.06
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; KuCoin: live order book, 56 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 KuCoin live order book, 56 min ago	14.83 bp	339.4 bp −$339	doesn't fit	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	0.4056	+0.047%	$214K	$66K	3x	as long as short
Aster UMAUSDTlong	+0.0100%	4h	0.4054	long leg	$25K	$769	5x
Binance UMAUSDT	+0.0100%	4h	0.4053	−0.016%	$1.5M	$1.2M	50x	as long as short
Bybit UMAUSDT	+0.0100%	4h	0.4058	+0.103%	$676K	$149K	25x	as long as short
OKX UMA-USDT-SWAP	+0.0100%	4h	0.4053	−0.020%	$315K	$239K	10x	as long as short
Gate UMA_USDT	+0.0100%	4h	0.4060	+0.153%	$78K	$41K	25x	as long as short
MEXC UMA_USDT	+0.0100%	4h	0.4052	−0.045%	$223K	$164K	50x	as long as short
KuCoin UMAUSDTMshort	+0.0100%	4h	0.4055	+0.029%	$156K	$63K	30x
Bitget UMAUSDT	+0.0100%	4h	0.4052	−0.045%	$977K	$67K	50x	as long as short
BingX UMA-USDT	+0.0100%	4h	0.4057	+0.079%	—	$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	+0.097%	$5K	$7	—	as long as short
BloFin UMA-USDT	+0.0147%	4h	0.4058	+0.103%	$74K	$7K	50x	as long as short
Kraken Futures PF_UMAUSD	+0.1839%	1h	0.4063	+0.228%	$14K	$6K	10x	as long as short