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

UMA

all UMA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against KuCoin+0.197%7-day average −0.051% · 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 4 days (all we have)−0.231%−$23 · spread now +0.197%, 7d avg −0.051%
Together, before fees−0.231%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.248% dearer against KuCoin than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin UMAUSDTM0.40170.0100pay 0.0050% / 4h2h 07m$163K$62K30x
ShortHyperliquid UMA0.40250.0100get 0.0013% / 1h7m 50s$213K$67K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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: +0.197% → −0.051%
$24.77
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$3.77
Costs to cover
0.210%
Break-even
from the start
Slippage unknown: KuCoin: live order book, 21 min ago; Hyperliquid: live order book, 31 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 KuCoin live order book, 21 min ago23.65 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 31 min ago1.87 bp36.3 bp −$36doesn't fitdoesn't fitdoesn't fit

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 UMAshort+0.0100%1h0.4025+0.197%$213K$67K3x
Aster UMAUSDT+0.0100%4h0.4021+0.105%$24K$2K5xas long as short
Binance UMAUSDT+0.0100%4h0.4021+0.107%$1.5M$1.3M50xas long as short
Bybit UMAUSDT+0.0100%4h0.4022+0.124%$667K$161K25xas long as short
OKX UMA-USDT-SWAP+0.0100%4h0.4018+0.025%$313K$240K10xas long as short
Gate UMA_USDT+0.0100%4h0.4022+0.124%$78K$46K25xas long as short
MEXC UMA_USDT+0.0100%4h0.4021+0.100%$223K$171K50xas long as short
KuCoin UMAUSDTMlong+0.0100%4h0.4017long leg$163K$62K30x
Bitget UMAUSDT+0.0100%4h0.4025+0.199%$970K$71K50xas long as short
BingX UMA-USDT+0.0100%4h0.4020+0.075%$2.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UMA+0.0100%4h0.4023+0.144%$5K$7as long as short
Kraken Futures PF_UMAUSD+0.2498%1h0.4029+0.308%$14K$6K10xas long as short