UMA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.16 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against BloFin−0.298%102s7-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 Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bybit is 0.298% cheaper against BloFin than usual: you would sell low and buy high (spread −0.298% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 31 days of funding at the current rate (+$1 a day). The two prices were read 102 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	0.4032	0.0068	pay 0.0034% / 4h	2h 39m	$74K	$7K	50x
Short	Bybit UMAUSDT	0.4020	0.0100	get 0.0050% / 4h	2h 39m	$669K	$151K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.298%Rate

Funding earned: $6.67
Price spread: −0.298% → 0.000%: −$29.76
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.09
Costs to cover: 0.230%
Break-even: 55.4 days

Slippage unknown: BloFin: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	3.73 bp	64.9 bp −$65	273.2 bp −$2,732	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
BloFin UMA-USDTlong	+0.0068%	4h	0.4032	long leg	$74K	$7K	50x
Hyperliquid UMA	+0.0100%	1h	0.4013	−0.461%	$212K	$67K	3x	as long as short
Aster UMAUSDT	+0.0100%	4h	0.4024	−0.209%	$24K	$769	5x	as long as short
Binance UMAUSDT	+0.0100%	4h	0.4010	−0.551%	$1.5M	$1.2M	50x	as long as short
Bybit UMAUSDTshort	+0.0100%	4h	0.4020	−0.298%	$669K	$151K	25x
OKX UMA-USDT-SWAP	+0.0100%	4h	0.4009	−0.570%	$312K	$236K	10x	as long as short
Gate UMA_USDT	+0.0100%	4h	0.4026	−0.149%	$77K	$43K	25x	as long as short
MEXC UMA_USDT	+0.0100%	4h	0.4012	−0.496%	$236K	$165K	50x	as long as short
KuCoin UMAUSDTM	+0.0100%	4h	0.4023	−0.223%	$154K	$63K	30x	as long as short
Bitget UMAUSDT	+0.0100%	4h	0.4022	−0.248%	$970K	$68K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX UMA-USDT	+0.0100%	4h	0.4025	−0.174%	—	$2.3M	—	as long as short
Variational Omni UMA	+0.0100%	4h	0.4032	−0.003%	$5K	$7	—	as long as short
Kraken Futures PF_UMAUSD	+0.1851%	1h	0.4035	+0.077%	$14K	$6K	10x	as long as short