UMA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.27 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Bitget−0.099%45s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.099% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UMAUSDT	0.4050	0.0100	pay 0.0050% / 4h	30m 26s	$975K	$67K	50x
Short	BloFin UMA-USDT	0.4046	0.0045	get 0.0023% / 4h	30m 26s	$75K	$8K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$11.55
Price spread: −0.099% → 0.000%: −$9.88
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$45.43
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 26 min ago; BloFin: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 26 min ago	7.41 bp	25.5 bp −$26	199.0 bp −$1,990	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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
BloFin UMA-USDTshort	+0.0045%	4h	0.4046	−0.099%	$75K	$8K	50x
Hyperliquid UMA	+0.0100%	1h	0.4054	+0.104%	$215K	$67K	3x	as long as short
Aster UMAUSDT	+0.0100%	4h	0.4050	−0.001%	$25K	$2K	5x	as long as short
Binance UMAUSDT	+0.0100%	4h	0.4053	+0.074%	$1.5M	$1.2M	50x	as long as short
Bybit UMAUSDT	+0.0100%	4h	0.4050	0.000%	$671K	$154K	25x	as long as short
OKX UMA-USDT-SWAP	+0.0100%	4h	0.4052	+0.049%	$315K	$242K	10x	as long as short
Gate UMA_USDT	+0.0100%	4h	0.4041	−0.222%	$78K	$45K	25x	as long as short
MEXC UMA_USDT	+0.0100%	4h	0.4053	+0.074%	$222K	$164K	50x	as long as short
KuCoin UMAUSDTM	+0.0100%	4h	0.4047	−0.074%	$156K	$63K	30x	as long as short
Bitget UMAUSDTlong	+0.0100%	4h	0.4050	long leg	$975K	$67K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX UMA-USDT	+0.0100%	4h	0.4051	+0.025%	—	$2.3M	—	as long as short
Variational Omni UMA	+0.0100%	4h	0.4051	+0.032%	$5K	$7	—	as long as short
Kraken Futures PF_UMAUSD	+0.2342%	1h	0.4064	+0.335%	$14K	$6K	10x	as long as short