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: Bybit against BingX+0.025%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$1851.849% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.025%, 7d avg +0.022%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX UMA-USDT | 0.4021 | 0.0100 | pay 0.0050% / 4h | 2h 10m | — | $2.3M | — |
| Short | Bybit UMAUSDT | 0.4022 | 0.0100 | get 0.0050% / 4h | 2h 10m | $667K | $163K | 25x |
BingX UMA-USDT
Bybit UMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.025% → +0.022%
- $0.25
- Slippage, 4 orders
- −$163.85
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$184.6
- Costs to cover
- 1.849%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 50 min ago.
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 BingX live order book, 8 min ago | 8.70 bp | 29.8 bp −$30 | 82.7 bp −$827 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 50 min ago | 3.73 bp | 62.5 bp −$62 | 279.1 bp −$2,791 | doesn't fit | doesn't fit |
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 | 0.4023 | +0.045% | $213K | $68K | 3x | as long as short |
| Aster UMAUSDT | +0.0100% | 4h | 0.4022 | +0.033% | $24K | $2K | 5x | as long as short |
| Binance UMAUSDT | +0.0100% | 4h | 0.4018 | −0.067% | $1.5M | $1.3M | 50x | as long as short |
| Bybit UMAUSDTshort | +0.0100% | 4h | 0.4022 | +0.025% | $667K | $163K | 25x | |
| OKX UMA-USDT-SWAP | +0.0100% | 4h | 0.4019 | −0.050% | $313K | $242K | 10x | as long as short |
| Gate UMA_USDT | +0.0100% | 4h | 0.4024 | +0.075% | $78K | $46K | 25x | as long as short |
| MEXC UMA_USDT | +0.0100% | 4h | 0.4019 | −0.050% | $223K | $171K | 50x | as long as short |
| KuCoin UMAUSDTM | +0.0100% | 4h | 0.4019 | −0.050% | $163K | $62K | 30x | as long as short |
| Bitget UMAUSDT | +0.0100% | 4h | 0.4022 | +0.025% | $969K | $71K | 50x | as long as short |
| BingX UMA-USDTlong | +0.0100% | 4h | 0.4021 | long leg | — | $2.3M | — |
Hyperliquid UMA
Aster UMAUSDT
Binance UMAUSDT
OKX UMA-USDT-SWAP
Gate UMA_USDT
MEXC UMA_USDT
KuCoin UMAUSDTM
Bitget UMAUSDTShow 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 | +0.045% | $5K | $7 | — | as long as short |
| Kraken Futures PF_UMAUSD | +0.2500% | 1h | 0.4025 | +0.093% | $14K | $6K | 10x | as long as short |
Variational Omni UMA
Kraken Futures PF_UMAUSD