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: OKX against Bitget+0.025%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1271.273% of the position
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.025%, 7d avg −0.059%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.084% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget UMAUSDT | 0.4020 | 0.0100 | pay 0.0050% / 4h | 2h 08m | $969K | $71K | 50x |
| Short | OKX UMA-USDT-SWAP | 0.4021 | 0.0100 | get 0.0050% / 4h | 2h 08m | $313K | $240K | 10x |
Bitget UMAUSDT
OKX UMA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: +0.025% → −0.059%
- $8.36
- Slippage, 4 orders
- −$105.32
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$118.96
- Costs to cover
- 1.273%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 57 min ago; OKX: live order book, 57 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, 57 min ago | 9.89 bp | 36.4 bp −$36 | 204.8 bp −$2,048 | doesn't fit | doesn't fit |
| Sell OKX live order book, 57 min ago | 3.71 bp | 35.5 bp −$35 | doesn't fit | 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 | 0.4019 | −0.035% | $212K | $67K | 3x | as long as short |
| Aster UMAUSDT | +0.0100% | 4h | 0.4015 | −0.131% | $24K | $2K | 5x | as long as short |
| Binance UMAUSDT | +0.0100% | 4h | 0.4015 | −0.113% | $1.5M | $1.3M | 50x | as long as short |
| Bybit UMAUSDT | +0.0100% | 4h | 0.4015 | −0.124% | $666K | $161K | 25x | as long as short |
| OKX UMA-USDT-SWAPshort | +0.0100% | 4h | 0.4021 | +0.025% | $313K | $240K | 10x | |
| Gate UMA_USDT | +0.0100% | 4h | 0.4019 | −0.025% | $78K | $46K | 25x | as long as short |
| MEXC UMA_USDT | +0.0100% | 4h | 0.4014 | −0.149% | $223K | $171K | 50x | as long as short |
| KuCoin UMAUSDTM | +0.0100% | 4h | 0.4017 | −0.075% | $163K | $62K | 30x | as long as short |
| Bitget UMAUSDTlong | +0.0100% | 4h | 0.4020 | long leg | $969K | $71K | 50x | |
| BingX UMA-USDT | +0.0100% | 4h | 0.4020 | 0.000% | — | $2.3M | — | as long as short |
Hyperliquid UMA
Aster UMAUSDT
Binance UMAUSDT
Bybit UMAUSDT
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 | +0.070% | $5K | $7 | — | as long as short |
| Kraken Futures PF_UMAUSD | +0.2501% | 1h | 0.4024 | +0.091% | $14K | $6K | 10x | as long as short |
Variational Omni UMA
Kraken Futures PF_UMAUSD