ArbiLayer

UMA arbitrage

live

Live UMA price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.06%OKX → Bybit · Perp–Perp
Best perp–perp spread+0.10%OKX → Bybit
Markets tracked1610 venues · 10 perp · 6 spot · 0 DEX
Price range0.52%$0.4127 – $0.4148

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
OKX logoOKX$0.4127Bybit logoBybit$0.4131 +0.10%-0.06% +0.15%— +0.319%— LS Chart →
OKX logoOKX$0.4127Gate logoGate$0.413 +0.07%-0.09% +0.09%— +0.128%— LS Chart →
Binance logoBinance$0.4128Bybit logoBybit$0.4131 +0.07%-0.09% +0.09%— +0.121%— LS Chart →
MEXC logoMEXC$0.4128Bybit logoBybit$0.4131 +0.07%-0.09% +0.09%— +0.121%— LS Chart →
Binance logoBinance$0.4128Gate logoGate$0.413 +0.05%-0.11% +0.04%— -0.070%— LS Chart →
MEXC logoMEXC$0.4128Gate logoGate$0.413 +0.05%-0.11% +0.04%— -0.070%— LS Chart →
Bitget logoBitget$0.4129Bybit logoBybit$0.4131 +0.05%-0.11% +0.05%— -0.020%— LS Chart →
Bitget logoBitget$0.4129Gate logoGate$0.413 +0.02%-0.14% -0.01%— -0.211%— LS Chart →
KuCoin logoKuCoin$0.413Bybit logoBybit$0.4131 +0.02%-0.14% +0.04%— +0.091%— LS Chart →
OKX logoOKX$0.4127Binance logoBinance$0.4127 0.00%-0.16% +0.03%— +0.197%— LS Chart →
OKX logoOKX$0.4127Bitget logoBitget$0.4127 0.00%-0.16% +0.06%— +0.338%— LS Chart →
OKX logoOKX$0.4127MEXC logoMEXC$0.4127 0.00%-0.16% +0.03%— +0.198%— LS Chart →
KuCoin logoKuCoin$0.413Gate logoGate$0.413 0.00%-0.16% -0.02%— -0.100%— LS Chart →
Gate logoGate$0.4132Bybit logoBybit$0.4131 -0.02%-0.18% +0.01%— +0.191%+0.19% LS Chart →
Aster logoAster$0.4132Bybit logoBybit$0.4131 -0.02%-0.18% +0.02%— +0.236%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

UMA price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · UMAUSDTPerpetual $0.4131$0.4133$0.4132+0.04% -0.329%$10.31M
OKX logoOKXPerpetual · UMA-USDT-SWAPPerpetual $0.4126$0.4127$0.4127-0.10% -0.648%$5.99M
Bitget logoBitgetPerpetual · UMAUSDTPerpetual $0.4127$0.4129$0.4128-0.06% -0.310%$3.32M
Gate logoGatePerpetual · UMA_USDTPerpetual $0.413$0.4132$0.4131+0.01% -0.520%$2.06M
KuCoin logoKuCoinPerpetual · UMAUSDTMPerpetual $0.4124$0.413$0.4127-0.08% -0.421%$1.83M
OKX logoOKXSpot · UMA-USDTSpot $0.4139$0.4142$0.4141+0.24% —$1.27M
Hyperliquid logoHyperliquidPerpetual · UMAPerpetual $0.4123$0.4135$0.4129-0.05% -0.306%$1.03M
Bybit logoBybitSpot · UMAUSDTSpot $0.4138$0.4142$0.414+0.23% —$738.4K
MEXC logoMEXCPerpetual · UMA_USDTPerpetual $0.4127$0.4128$0.4128-0.07% -0.450%$517.0K
Gate logoGateSpot · UMA_USDTSpot $0.4134$0.4144$0.4139+0.21% —$157.6K
KuCoin logoKuCoinSpot · UMA-USDTSpot $0.413$0.415$0.414+0.23% —$155.1K
Variational logoVariationalPerpetual · UMAPerpetual $0.4125$0.4135$0.413-0.01% -0.341%$61.2K
Binance logoBinancePerpetual · UMAUSDTPerpetual $0.4127$0.4128$0.4128-0.07% -0.450%—
Aster logoAsterPerpetual · UMAUSDTPerpetual $0.4125$0.4132$0.4129-0.05% -0.565%—
Binance logoBinanceSpot · UMAUSDTSpot $0.414$0.415$0.4145+0.35% ——
MEXC logoMEXCSpot · UMAUSDTSpot $0.4143$0.4153$0.4148+0.42% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

UMA arbitrage explained

Right now UMA trades on 10 venues we scan: 10 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.4127 and the highest bid on MEXC spot at $0.4143.

The widest UMA perpetual spread is between OKX and Bybit: long UMA on OKX at $0.4127 and short on Bybit at $0.4131 for +0.10% gross, or -0.06% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.319% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best UMA route is to buy spot on Bybit and short the perpetual on Bybit: -0.27% gross, -0.47% net, with -0.329% a day of funding on the short leg.

Spot–spot UMA arbitrage (buy on Bybit, withdraw, deposit and sell on MEXC) shows +0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small UMA gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: UMA funding rates · UMA spread charts · UMA price · arbitrage scanner for all coins.

Is there a UMA arbitrage opportunity right now?

The best UMA route right now is to buy on OKX → sell on Bybit (Perp–Perp): +0.10% gross and -0.06% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest UMA?

OKX (perp) has the lowest UMA ask at $0.4127, and MEXC (spot) the highest bid at $0.4143. Prices update every 15 seconds on this page.

How many exchanges list UMA?

ArbiLayer tracks 16 UMA markets on 10 venues: 10 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage UMA without transferring coins?

Use two perpetual contracts: go long UMA on the cheaper exchange (OKX now) and short it on the more expensive one (Bybit), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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