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

UMA

all UMA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Gate+0.002%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 days0.000%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate UMA_USDT0.40470.0100pay 0.0050% / 4h3h 44m$79K$46K25x
ShortHyperliquid UMA0.40470.0100get 0.0013% / 1h44m 58s$214K$73K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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
$0
Price spread: +0.002% → 0.000%
$0.25
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$23.75
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Gate: no order-book sample; Hyperliquid: live order book, 4 min ago. 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 Gate no order-book sample
Sell Hyperliquid live order book, 4 min ago1.98 bp26.9 bp −$27doesn't fitdoesn't fitdoesn't fit
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 venues

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-USDT+0.0071%4h0.4043−0.099%$74K$7K50xas long as short
Hyperliquid UMAshort+0.0100%1h0.4047+0.002%$214K$73K3x
Aster UMAUSDT+0.0100%4h0.4045−0.048%$25K$2K5xas long as short
Binance UMAUSDT+0.0100%4h0.4046−0.025%$1.5M$1.3M50xas long as short
Bybit UMAUSDT+0.0100%4h0.40470.000%$674K$171K25xas long as short
OKX UMA-USDT-SWAP+0.0100%4h0.4046−0.025%$314K$243K10xas long as short
Gate UMA_USDTlong+0.0100%4h0.4047long leg$79K$46K25x
MEXC UMA_USDT+0.0100%4h0.4045−0.049%$231K$169K50xas long as short
KuCoin UMAUSDTM+0.0100%4h0.4042−0.124%$164K$61K30xas long as short
Bitget UMAUSDT+0.0100%4h0.4049+0.049%$976K$69K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX UMA-USDT+0.0100%4h0.4044−0.074%$2.3Mas long as short
Variational Omni UMA+0.0100%4h0.4048+0.034%$5K$7as long as short
Kraken Futures PF_UMAUSD+0.0147%1h0.4051+0.107%$14K$6K10xas long as short