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

UMA

all UMA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against MEXC+0.049%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 days−0.010%−$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.049% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC UMA_USDT0.40520.0100pay 0.0050% / 4h26m 32s$222K$164K50x
ShortBloFin UMA-USDT0.40540.0118get 0.0059% / 4h26m 32s$75K$8K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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
$3.79
Price spread: +0.049% → 0.000%
$4.94
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$7.28
Costs to cover
0.160%
Break-even
20.5 days
Slippage unknown: MEXC: live order book, 13 min ago; BloFin: 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 MEXC live order book, 13 min ago4.96 bp15.6 bp −$1664.4 bp −$644132.9 bp −$13.3K378.3 bp −$189.1K
Sell BloFin no order-book sample
BloFin: 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
Hyperliquid UMA+0.0100%1h0.4055+0.077%$215K$67K3xas long as short
Aster UMAUSDT+0.0100%4h0.4052+0.003%$25K$2K5xas long as short
Binance UMAUSDT+0.0100%4h0.4050−0.049%$1.5M$1.2M50xas long as short
Bybit UMAUSDT+0.0100%4h0.4055+0.074%$672K$153K25xas long as short
OKX UMA-USDT-SWAP+0.0100%4h0.4051−0.025%$315K$242K10xas long as short
Gate UMA_USDT+0.0100%4h0.4047−0.123%$78K$45K25xas long as short
MEXC UMA_USDTlong+0.0100%4h0.4052long leg$222K$164K50x
KuCoin UMAUSDTM+0.0100%4h0.40520.000%$156K$63K30xas long as short
Bitget UMAUSDT+0.0100%4h0.4051−0.025%$975K$67K50xas long as short
BingX UMA-USDT+0.0100%4h0.4056+0.099%$2.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UMA+0.0100%4h0.4051−0.017%$5K$7as long as short
BloFin UMA-USDTshort+0.0118%4h0.4054+0.049%$75K$8K50x
Kraken Futures PF_UMAUSD+0.2337%1h0.4072+0.487%$14K$6K10xas long as short