UMA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.001%

Price spread now: Binance against BloFin−0.148%81s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 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 −$1 a day on $10k at the current rate, and Binance is 0.148% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 81 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	BloFin UMA-USDT	0.4058	0.0147	pay 0.0073% / 4h	1h 59m	$74K	$7K	50x
Short	Binance UMAUSDT	0.4052	0.0100	get 0.0050% / 4h	1h 59m	$1.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee BloFinbpFee BinancebpOrdersPrice spread, now −0.148%Rate

Funding earned: −$9.87
Price spread: −0.148% → 0.000%: −$14.79
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$46.65
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Binance: live order book, 3 min ago. 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 BloFin no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	2.46 bp	31.5 bp −$32	128.3 bp −$1,283	doesn't fit	doesn't fit

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
Hyperliquid UMA	+0.0100%	1h	0.4056	−0.057%	$214K	$66K	3x	as long as short
Aster UMAUSDT	+0.0100%	4h	0.4054	−0.102%	$25K	$769	5x	as long as short
Binance UMAUSDTshort	+0.0100%	4h	0.4052	−0.148%	$1.5M	$1.2M	50x
Bybit UMAUSDT	+0.0100%	4h	0.4058	0.000%	$676K	$149K	25x	as long as short
OKX UMA-USDT-SWAP	+0.0100%	4h	0.4053	−0.123%	$315K	$239K	10x	as long as short
Gate UMA_USDT	+0.0100%	4h	0.4060	+0.049%	$78K	$43K	25x	as long as short
MEXC UMA_USDT	+0.0100%	4h	0.4050	−0.197%	$223K	$171K	50x	as long as short
KuCoin UMAUSDTM	+0.0100%	4h	0.4055	−0.074%	$156K	$63K	30x	as long as short
Bitget UMAUSDT	+0.0100%	4h	0.4052	−0.148%	$977K	$68K	50x	as long as short
BingX UMA-USDT	+0.0100%	4h	0.4057	−0.025%	—	$2.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni UMA	+0.0100%	4h	0.4058	−0.006%	$5K	$7	—	as long as short
BloFin UMA-USDTlong	+0.0147%	4h	0.4058	long leg	$74K	$7K	50x
Kraken Futures PF_UMAUSD	+0.1839%	1h	0.4063	+0.124%	$14K	$6K	10x	as long as short