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

UMA

all UMA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.07 per $10,000 · paid last 24h −0.003%
Price spread now: Gate against BloFin+0.100%7-day average · you sell dearer than you buy
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 7 days+0.031%+$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Gate is 0.100% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin UMA-USDT0.39860.0085pay 0.0043% / 4h52m 44s$73K$5K50x
ShortGate UMA_USDT0.39900.0100get 0.0050% / 4h52m 44s$71K$41K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$3.11
Price spread: +0.100% → 0.000%
$10.04
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$13.85
Costs to cover
0.270%
Break-even
38.2 days
Slippage unknown: BloFin: no order-book sample; Gate: 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 Gate no order-book sample
BloFin and Gate: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin UMA-USDTlong+0.0085%4h0.3986long leg$73K$5K50x
Hyperliquid UMA+0.0100%1h0.3986+0.003%$215K$72K3xas long as short
Aster UMAUSDT+0.0100%4h0.3986−0.010%$24K$7695xas long as short
Binance UMAUSDT+0.0100%4h0.3984−0.050%$1.5M$1.2M50xas long as short
Bybit UMAUSDT+0.0100%4h0.3987+0.025%$680K$147K25xas long as short
OKX UMA-USDT-SWAP+0.0100%4h0.3981−0.125%$309K$241K10xas long as short
Gate UMA_USDTshort+0.0100%4h0.3990+0.100%$71K$41K25x
MEXC UMA_USDT+0.0100%4h0.3984−0.050%$208K$178K50xas long as short
KuCoin UMAUSDTM+0.0100%4h0.3983−0.075%$151K$59K30xas long as short
Bitget UMAUSDT+0.0100%4h0.3989+0.075%$980K$79K50xas long as short
Show all 13 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX UMA-USDT+0.0100%4h0.39860.000%$2.3Mas long as short
Variational Omni UMA+0.0100%4h0.3991+0.124%$4K$1as long as short
Kraken Futures PF_UMAUSD+0.3160%1h0.4009+0.570%$14K$6K10xas long as short