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: BingX against Bybit+0.125%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1851.849% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.125%, 7d avg −0.022%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.147% dearer against Bybit than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit UMAUSDT | 0.4015 | 0.0100 | pay 0.0050% / 4h | 2h 08m | $666K | $161K | 25x |
| Short | BingX UMA-USDT | 0.4020 | 0.0100 | get 0.0050% / 4h | 2h 08m | — | $2.3M | — |
Bybit UMAUSDT
BingX UMA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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: +0.125% → −0.022%
- $14.69
- Slippage, 4 orders
- −$163.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$170.16
- Costs to cover
- 1.849%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 52 min ago; BingX: live order book, 10 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 Bybit live order book, 52 min ago | 3.73 bp | 61.3 bp −$61 | 233.4 bp −$2,334 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 8.70 bp | 31.2 bp −$31 | 79.7 bp −$797 | 760.7 bp −$76.1K | 1174.2 bp −$587.1K |
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 | +0.090% | $212K | $67K | 3x | as long as short |
| Aster UMAUSDT | +0.0100% | 4h | 0.4015 | −0.007% | $24K | $2K | 5x | as long as short |
| Binance UMAUSDT | +0.0100% | 4h | 0.4015 | +0.012% | $1.5M | $1.3M | 50x | as long as short |
| Bybit UMAUSDTlong | +0.0100% | 4h | 0.4015 | long leg | $666K | $161K | 25x | |
| OKX UMA-USDT-SWAP | +0.0100% | 4h | 0.4021 | +0.149% | $313K | $240K | 10x | as long as short |
| Gate UMA_USDT | +0.0100% | 4h | 0.4019 | +0.100% | $78K | $46K | 25x | as long as short |
| MEXC UMA_USDT | +0.0100% | 4h | 0.4014 | −0.025% | $223K | $171K | 50x | as long as short |
| KuCoin UMAUSDTM | +0.0100% | 4h | 0.4017 | +0.050% | $163K | $62K | 30x | as long as short |
| Bitget UMAUSDT | +0.0100% | 4h | 0.4020 | +0.125% | $969K | $71K | 50x | as long as short |
| BingX UMA-USDTshort | +0.0100% | 4h | 0.4020 | +0.125% | — | $2.3M | — |
Hyperliquid UMA
Aster UMAUSDT
Binance UMAUSDT
OKX UMA-USDT-SWAP
Gate UMA_USDT
MEXC UMA_USDT
KuCoin UMAUSDTM
Bitget UMAUSDTShow 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 | +0.194% | $5K | $7 | — | as long as short |
| Kraken Futures PF_UMAUSD | +0.2501% | 1h | 0.4024 | +0.216% | $14K | $6K | 10x | as long as short |
Variational Omni UMA
Kraken Futures PF_UMAUSD