UMA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.5% APRnext payment −$0.30 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Bybit+0.124%102s7-day average — · you sell dearer than you buy

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

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. BloFin is 0.124% dearer against Bybit than usual: you sell high and buy low (spread +0.124% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.9 days. At the pace of the last 7 days (−0.042% in total) that is about 21 days. 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	Bybit UMAUSDT	0.4033	0.0100	pay 0.0050% / 4h	33m 34s	$668K	$154K	25x
Short	BloFin UMA-USDT	0.4038	0.0040	get 0.0020% / 4h	33m 34s	$74K	$8K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$12.53
Price spread: +0.124% → 0.000%: $12.4
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$23.14
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 17 min ago; BloFin: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 17 min ago	7.44 bp	52.7 bp −$53	263.1 bp −$2,631	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

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-USDTshort	+0.0040%	4h	0.4038	+0.124%	$74K	$8K	50x
Hyperliquid UMA	+0.0100%	1h	0.4038	+0.117%	$214K	$67K	3x	as long as short
Aster UMAUSDT	+0.0100%	4h	0.4032	−0.025%	$24K	$2K	5x	as long as short
Binance UMAUSDT	+0.0100%	4h	0.4035	+0.040%	$1.5M	$1.2M	50x	as long as short
Bybit UMAUSDTlong	+0.0100%	4h	0.4033	long leg	$668K	$154K	25x
OKX UMA-USDT-SWAP	+0.0100%	4h	0.4037	+0.099%	$313K	$240K	10x	as long as short
Gate UMA_USDT	+0.0100%	4h	0.4031	−0.050%	$78K	$45K	25x	as long as short
MEXC UMA_USDT	+0.0100%	4h	0.4032	−0.025%	$221K	$164K	50x	as long as short
KuCoin UMAUSDTM	+0.0100%	4h	0.4031	−0.050%	$156K	$63K	30x	as long as short
Bitget UMAUSDT	+0.0100%	4h	0.4040	+0.174%	$972K	$66K	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	0.4031	−0.050%	—	$2.3M	—	as long as short
Variational Omni UMA	+0.0100%	4h	0.4033	−0.005%	$5K	$7	—	as long as short
Kraken Futures PF_UMAUSD	+0.2356%	1h	0.4039	+0.154%	$14K	$6K	10x	as long as short