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

UMA

All UMA markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitUMAUSDT
0.3196+0.0100pay 0.0050% / 4h8m 21s$479K$189K25xLong Bybit
SHORT
BitgetUMAUSDT
0.3202+0.0100get 0.0050% / 4h8m 21s$754K$31K50xShort Bitget
Price gap+0.188%
Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$10 on $10k if the gap goes back to its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$40.0000% /8h now · paid +0.044% over the last 7D
Price+$10spread +0.188% now, avg +0.089% → +0.098% if it goes back
Costs−$1611.609% of $10k · taker + slippage, in and out
Result−$147−1.47%no points

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.188%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

UMA on 12 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size58.4 / 20.9 bp
    At $10k entering Bybit costs 58.4 bp, fee and slippage, 2.8× Bitget’s.
  • Note: Margin at max leverage$400 + $200
    Bybit 25x, Bitget 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval4h / 4h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: $0.00Long Bybit: 6 payments, −$3.00; short Bitget: 6 payments, +$3.00.
  • OK: Entry gap works for you+0.188% vs +0.089%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$479K vs $754K OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Yes · Bitget Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0021%/8h × 21 periods+$4.39
Price spread+0.188% → +0.089% (7d avg)+$9.84
Slippage, 4 orderslive order books−$137.88
Fee Bybit bp × 2 orders−$11.00
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$146.65
Costs to cover1.609%Break-even240.8 days
Slippage: Bybit: live order book, 28 min ago; Bitget: live order book, 21 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit6.3058.4 bp−$58296.0 bp−$2,960doesn’t fitdoesn’t fit
SELL · SHORTBitget4.7220.9 bp−$2190.0 bp−$900doesn’t fitdoesn’t fit

Closing costs about the same again.

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