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 Bitget+0.100%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$72 a day on $10k at the current rate, and Kraken Futures is 0.100% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread 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 | Bitget UMAUSDT | 0.4026 | 0.0100 | pay 0.0050% / 4h | 2h 06m | $970K | $71K | 50x |
| Short | Kraken Futures PF_UMAUSD | 0.4030 | 0.2497 | get 0.0312% / 1h | 6m 44s | $14K | $6K | 10x |
Bitget UMAUSDT
Kraken Futures PF_UMAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $503.39
- Price spread: +0.100% → 0.000%
- $9.98
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $491.37
- Costs to cover
- 0.220%
- Break-even
- 0.2 days
Slippage unknown: Bitget: live order book, 59 min ago; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 59 min ago | 9.89 bp | 36.4 bp −$36 | 204.8 bp −$2,048 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid UMA | +0.0100% | 1h | 0.4027 | +0.017% | $213K | $67K | 3x | as long as short |
| Aster UMAUSDT | +0.0100% | 4h | 0.4022 | −0.107% | $24K | $2K | 5x | as long as short |
| Binance UMAUSDT | +0.0100% | 4h | 0.4022 | −0.105% | $1.5M | $1.2M | 50x | as long as short |
| Bybit UMAUSDT | +0.0100% | 4h | 0.4022 | −0.099% | $667K | $160K | 25x | as long as short |
| OKX UMA-USDT-SWAP | +0.0100% | 4h | 0.4018 | −0.199% | $313K | $239K | 10x | as long as short |
| Gate UMA_USDT | +0.0100% | 4h | 0.4023 | −0.075% | $78K | $46K | 25x | as long as short |
| MEXC UMA_USDT | +0.0100% | 4h | 0.4021 | −0.124% | $223K | $171K | 50x | as long as short |
| KuCoin UMAUSDTM | +0.0100% | 4h | 0.4017 | −0.224% | $163K | $62K | 30x | as long as short |
| Bitget UMAUSDTlong | +0.0100% | 4h | 0.4026 | long leg | $970K | $71K | 50x | |
| BingX UMA-USDT | +0.0100% | 4h | 0.4020 | −0.149% | — | $2.3M | — | as long as short |
Hyperliquid UMA
Aster UMAUSDT
Binance UMAUSDT
Bybit UMAUSDT
OKX UMA-USDT-SWAP
Gate UMA_USDT
MEXC UMA_USDT
KuCoin UMAUSDTM
BingX UMA-USDTShow 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 | −0.080% | $5K | $7 | — | as long as short |
| Kraken Futures PF_UMAUSDshort | +0.2497% | 1h | 0.4030 | +0.100% | $14K | $6K | 10x |
Variational Omni UMA