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

UMA

all UMA markets
SwapBacktest
Alert: funding
Alert: spread
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: Variational Omni against Gate−0.030%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.030% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate UMA_USDT0.40240.0100pay 0.0050% / 4h2h 10m$78K$46K25x
ShortVariational Omni UMA0.40230.0100get 0.0050% / 4h2h 10m$5K$7

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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: −0.030% → 0.000%
−$2.99
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$17.99
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Gate: no order-book sample; Variational Omni: 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 Gate no order-book sample
Sell Variational Omni no order-book sample
Gate and Variational Omni: 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 12 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
Hyperliquid UMA+0.0100%1h0.4026+0.045%$213K$68K3xas long as short
Aster UMAUSDT+0.0100%4h0.4022−0.039%$24K$2K5xas long as short
Binance UMAUSDT+0.0100%4h0.4022−0.056%$1.5M$1.3M50xas long as short
Bybit UMAUSDT+0.0100%4h0.4022−0.050%$667K$163K25xas long as short
OKX UMA-USDT-SWAP+0.0100%4h0.4020−0.099%$313K$241K10xas long as short
Gate UMA_USDTlong+0.0100%4h0.4024long leg$78K$46K25x
MEXC UMA_USDT+0.0100%4h0.4020−0.099%$223K$171K50xas long as short
KuCoin UMAUSDTM+0.0100%4h0.4020−0.099%$163K$62K30xas long as short
Bitget UMAUSDT+0.0100%4h0.4022−0.050%$969K$71K50xas long as short
BingX UMA-USDT+0.0100%4h0.4022−0.050%$2.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UMAshort+0.0100%4h0.4023−0.030%$5K$7
Kraken Futures PF_UMAUSD+0.2499%1h0.4027+0.068%$14K$6K10xas long as short