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: Binance against OKX−0.068%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1131.131% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 4 days (all we have)−0.127%−$13 · spread now −0.068%, 7d avg −0.058%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX UMA-USDT-SWAP | 0.4054 | 0.0100 | pay 0.0050% / 4h | 1h 16m | $316K | $237K | 10x |
| Short | Binance UMAUSDT | 0.4051 | 0.0100 | get 0.0050% / 4h | 1h 16m | $1.5M | $1.2M | 50x |
OKX UMA-USDT-SWAP
Binance UMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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: −0.068% → −0.058%
- −$0.98
- Slippage, 4 orders
- −$93.11
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$114.08
- Costs to cover
- 1.131%
- Break-even
- never at this rate
Slippage from OKX: live order book, 44 min ago; Binance: live order book, 2 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 OKX live order book, 44 min ago | 6.21 bp | 24.5 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 4.94 bp | 26.7 bp −$27 | 117.0 bp −$1,170 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin UMA-USDT | +0.0057% | 4h | 0.4054 | 0.000% | $75K | $8K | 50x | as long as short |
| Hyperliquid UMA | +0.0100% | 1h | 0.4051 | −0.081% | $214K | $67K | 3x | as long as short |
| Aster UMAUSDT | +0.0100% | 4h | 0.4053 | −0.025% | $25K | $2K | 5x | as long as short |
| Binance UMAUSDTshort | +0.0100% | 4h | 0.4051 | −0.068% | $1.5M | $1.2M | 50x | |
| Bybit UMAUSDT | +0.0100% | 4h | 0.4055 | +0.025% | $672K | $157K | 25x | as long as short |
| OKX UMA-USDT-SWAPlong | +0.0100% | 4h | 0.4054 | long leg | $316K | $237K | 10x | |
| Gate UMA_USDT | +0.0100% | 4h | 0.4044 | −0.247% | $78K | $45K | 25x | as long as short |
| MEXC UMA_USDT | +0.0100% | 4h | 0.4050 | −0.099% | $225K | $163K | 50x | as long as short |
| KuCoin UMAUSDTM | +0.0100% | 4h | 0.4050 | −0.099% | $156K | $63K | 30x | as long as short |
| Bitget UMAUSDT | +0.0100% | 4h | 0.4054 | 0.000% | $976K | $67K | 50x | as long as short |
BloFin UMA-USDT
Hyperliquid UMA
Aster UMAUSDT
Bybit UMAUSDT
Gate UMA_USDT
MEXC UMA_USDT
KuCoin UMAUSDTM
Bitget UMAUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX UMA-USDT | +0.0100% | 4h | 0.4053 | −0.025% | — | $2.3M | — | as long as short |
| Variational Omni UMA | +0.0100% | 4h | 0.4060 | +0.154% | $5K | $7 | — | as long as short |
| Kraken Futures PF_UMAUSD | +0.2645% | 1h | 0.4062 | +0.186% | $14K | $6K | 10x | as long as short |
BingX UMA-USDT
Variational Omni UMA
Kraken Futures PF_UMAUSD