Funding you earn now, next payment 02:00 UTC−0.2398%/8h= −262.6% APRpaid last 24h −0.426%
Price spread now: Gate against Kraken Futures−0.135%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$72 a day on $10k at the current rate, and Gate is 0.135% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_UMAUSD | 0.4028 | 0.2498 | pay 0.0312% / 1h | 5m 26s | $14K | $6K | 10x |
| Short | Gate UMA_USDT | 0.4023 | 0.0100 | get 0.0050% / 4h | 2h 05m | $78K | $46K | 25x |
Kraken Futures PF_UMAUSD
Gate UMA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Kraken Futures. 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
- −$503.59
- Price spread: −0.135% → 0.000%
- −$13.55
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$542.14
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Gate: 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Gate no order-book sample | — | — | — | — | — |
Kraken Futures and 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 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 | 0.4026 | −0.059% | $213K | $67K | 3x | as long as short |
| Aster UMAUSDT | +0.0100% | 4h | 0.4022 | −0.169% | $24K | $2K | 5x | as long as short |
| Binance UMAUSDT | +0.0100% | 4h | 0.4022 | −0.166% | $1.5M | $1.2M | 50x | as long as short |
| Bybit UMAUSDT | +0.0100% | 4h | 0.4022 | −0.160% | $667K | $160K | 25x | as long as short |
| OKX UMA-USDT-SWAP | +0.0100% | 4h | 0.4018 | −0.260% | $313K | $235K | 10x | as long as short |
| Gate UMA_USDTshort | +0.0100% | 4h | 0.4023 | −0.135% | $78K | $46K | 25x | |
| MEXC UMA_USDT | +0.0100% | 4h | 0.4020 | −0.210% | $223K | $171K | 50x | as long as short |
| KuCoin UMAUSDTM | +0.0100% | 4h | 0.4023 | −0.135% | $163K | $61K | 30x | as long as short |
| Bitget UMAUSDT | +0.0100% | 4h | 0.4024 | −0.111% | $969K | $71K | 50x | as long as short |
| BingX UMA-USDT | +0.0100% | 4h | 0.4020 | −0.210% | — | $2.3M | — | as long as short |
Hyperliquid UMA
Aster UMAUSDT
Binance UMAUSDT
Bybit UMAUSDT
OKX UMA-USDT-SWAP
MEXC UMA_USDT
KuCoin UMAUSDTM
Bitget UMAUSDT
BingX UMA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni UMA | +0.0100% | 4h | 0.4024 | −0.116% | $5K | $7 | — | as long as short |
| Kraken Futures PF_UMAUSDlong | +0.2498% | 1h | 0.4028 | long leg | $14K | $6K | 10x |
Variational Omni UMA