Settings8H · net · $10k
Funding arb · Price arb /

UMA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.8% APRnext payment $0.13 per $10,000 · paid last 24h −0.001%
Price spread now: Aster against BloFin−0.274%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.274% cheaper against BloFin than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin UMA-USDT0.40460.0125pay 0.0063% / 4h2h 42m$74K$7K50x
ShortAster UMAUSDT0.40350.0100get 0.0050% / 4h2h 42m$24K$7695x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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

Funding earned
−$5.33
Price spread: −0.274% → 0.000%
−$27.43
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$52.76
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell Aster no order-book sample
BloFin and Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid UMA+0.0100%1h0.4035−0.277%$213K$68K3xas long as short
Aster UMAUSDTshort+0.0100%4h0.4035−0.274%$24K$7695x
Binance UMAUSDT+0.0100%4h0.4030−0.384%$1.5M$1.2M50xas long as short
Bybit UMAUSDT+0.0100%4h0.4035−0.272%$671K$151K25xas long as short
OKX UMA-USDT-SWAP+0.0100%4h0.4031−0.371%$313K$237K10xas long as short
Gate UMA_USDT+0.0100%4h0.4039−0.173%$78K$43K25xas long as short
MEXC UMA_USDT+0.0100%4h0.4031−0.371%$237K$163K50xas long as short
KuCoin UMAUSDTM+0.0100%4h0.4036−0.247%$155K$62K30xas long as short
Bitget UMAUSDT+0.0100%4h0.4037−0.222%$974K$68K50xas long as short
BingX UMA-USDT+0.0100%4h0.4034−0.297%$2.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UMA+0.0100%4h0.4049+0.069%$5K$7as long as short
BloFin UMA-USDTlong+0.0125%4h0.4046long leg$74K$7K50x
Kraken Futures PF_UMAUSD+0.1846%1h0.4048+0.044%$14K$6K10xas long as short