Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against KuCoin−0.025%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,312as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,305as in the Price arb table
costs, in and out, $10k−$1,30713.065% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.025%, 7d avg −0.037%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin UMAUSDTM | 0.4060 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $157K | $62K | 30x |
| Short | OKX UMA-USDT-SWAP | 0.4059 | 0.0100 | get 0.0050% / 4h | 3h 29m | $316K | $243K | 10x |
KuCoin UMAUSDTM
OKX UMA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against KuCoin. 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
- $0
- Price spread: −0.025% → −0.037%
- $1.2
- Slippage, 4 orders
- −$1,284.52
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1,305.33
- Costs to cover
- 13.065%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 35 min ago; OKX: live order book, 21 min ago.
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 KuCoin live order book, 35 min ago | 13.55 bp | 937.9 bp −$938 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 21 min ago | 6.16 bp | 30.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid UMA | +0.0100% | 1h | 0.4057 | −0.062% | $214K | $67K | 3x | as long as short |
| Aster UMAUSDT | +0.0100% | 4h | 0.4062 | +0.049% | $25K | $769 | 5x | as long as short |
| Binance UMAUSDT | +0.0100% | 4h | 0.4057 | −0.083% | $1.5M | $1.2M | 50x | as long as short |
| Bybit UMAUSDT | +0.0100% | 4h | 0.4063 | +0.074% | $674K | $149K | 25x | as long as short |
| OKX UMA-USDT-SWAPshort | +0.0100% | 4h | 0.4059 | −0.025% | $316K | $243K | 10x | |
| Gate UMA_USDT | +0.0100% | 4h | 0.4056 | −0.099% | $78K | $45K | 25x | as long as short |
| MEXC UMA_USDT | +0.0100% | 4h | 0.4057 | −0.074% | $254K | $166K | 50x | as long as short |
| KuCoin UMAUSDTMlong | +0.0100% | 4h | 0.4060 | long leg | $157K | $62K | 30x | |
| Bitget UMAUSDT | +0.0100% | 4h | 0.4061 | +0.025% | $977K | $65K | 50x | as long as short |
| BingX UMA-USDT | +0.0100% | 4h | 0.4059 | −0.025% | — | $2.3M | — | as long as short |
Hyperliquid UMA
Aster UMAUSDT
Binance UMAUSDT
Bybit UMAUSDT
Gate UMA_USDT
MEXC UMA_USDT
Bitget UMAUSDT
BingX UMA-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni UMA | +0.0100% | 4h | 0.4066 | +0.143% | $5K | $7 | — | as long as short |
| BloFin UMA-USDT | +0.0123% | 4h | 0.4054 | −0.148% | $75K | $7K | 50x | as long as short |
| Kraken Futures PF_UMAUSD | +0.2083% | 1h | 0.4071 | +0.264% | $14K | $6K | 10x | as long as short |
Variational Omni UMA
BloFin UMA-USDT
Kraken Futures PF_UMAUSD