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 Bitget−0.074%7-day average −0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$930.932% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.074%, 7d avg −0.117%

Together, before fees−0.161%−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.043% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget UMAUSDT	0.4052	0.0100	pay 0.0050% / 4h	1h 17m	$976K	$67K	50x
Short	MEXC UMA_USDT	0.4049	0.0100	get 0.0050% / 4h	1h 17m	$225K	$163K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → −0.117%: $4.34
Slippage, 4 orders: −$77.22
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$88.88
Costs to cover: 0.932%
Break-even: never at this rate

Slippage from Bitget: live order book, 44 min ago; MEXC: live order book, 27 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 Bitget live order book, 44 min ago	8.69 bp	37.2 bp −$37	229.4 bp −$2,294	doesn't fit	doesn't fit
Sell MEXC live order book, 27 min ago	1.24 bp	14.6 bp −$15	64.8 bp −$648	113.5 bp −$11.4K	332.9 bp −$166.4K

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-USDT	+0.0057%	4h	0.4054	+0.049%	$75K	$8K	50x	as long as short
Hyperliquid UMA	+0.0100%	1h	0.4051	−0.035%	$214K	$67K	3x	as long as short
Aster UMAUSDT	+0.0100%	4h	0.4052	−0.006%	$25K	$2K	5x	as long as short
Binance UMAUSDT	+0.0100%	4h	0.4049	−0.082%	$1.5M	$1.2M	50x	as long as short
Bybit UMAUSDT	+0.0100%	4h	0.4054	+0.049%	$672K	$157K	25x	as long as short
OKX UMA-USDT-SWAP	+0.0100%	4h	0.4048	−0.099%	$315K	$236K	10x	as long as short
Gate UMA_USDT	+0.0100%	4h	0.4044	−0.197%	$78K	$45K	25x	as long as short
MEXC UMA_USDTshort	+0.0100%	4h	0.4049	−0.074%	$225K	$163K	50x
KuCoin UMAUSDTM	+0.0100%	4h	0.4048	−0.099%	$156K	$63K	30x	as long as short
Bitget UMAUSDTlong	+0.0100%	4h	0.4052	long leg	$976K	$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	0.4050	−0.049%	—	$2.3M	—	as long as short
Variational Omni UMA	+0.0100%	4h	0.4060	+0.204%	$5K	$7	—	as long as short
Kraken Futures PF_UMAUSD	+0.2646%	1h	0.4060	+0.204%	$14K	$6K	10x	as long as short