Funding arb · Price arb /

UMA

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Swap Backtest

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: MEXC against Aster+0.006%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 MEXC

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 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	0.4015	0.0100	pay 0.0050% / 4h	2h 08m	$24K	$2K	5x
Short	MEXC UMA_USDT	0.4015	0.0100	get 0.0050% / 4h	2h 08m	$223K	$171K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → 0.000%: $0.65
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$11.35
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; MEXC: live order book, 41 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 MEXC live order book, 41 min ago	3.73 bp	17.5 bp −$17	68.8 bp −$688	125.8 bp −$12.6K	360.3 bp −$180.1K

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 12 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	0.4019	+0.114%	$212K	$67K	3x	as long as short
Aster UMAUSDTlong	+0.0100%	4h	0.4015	long leg	$24K	$2K	5x
Binance UMAUSDT	+0.0100%	4h	0.4016	+0.037%	$1.5M	$1.3M	50x	as long as short
Bybit UMAUSDT	+0.0100%	4h	0.4022	+0.181%	$667K	$161K	25x	as long as short
OKX UMA-USDT-SWAP	+0.0100%	4h	0.4018	+0.081%	$313K	$240K	10x	as long as short
Gate UMA_USDT	+0.0100%	4h	0.4019	+0.106%	$78K	$46K	25x	as long as short
MEXC UMA_USDTshort	+0.0100%	4h	0.4015	+0.006%	$223K	$171K	50x
KuCoin UMAUSDTM	+0.0100%	4h	0.4017	+0.056%	$163K	$62K	30x	as long as short
Bitget UMAUSDT	+0.0100%	4h	0.4026	+0.280%	$970K	$71K	50x	as long as short
BingX UMA-USDT	+0.0100%	4h	0.4020	+0.131%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni UMA	+0.0100%	4h	0.4023	+0.201%	$5K	$7	—	as long as short
Kraken Futures PF_UMAUSD	+0.2501%	1h	0.4024	+0.222%	$14K	$6K	10x	as long as short