ArbiLayer

UMA arbitrage

live

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

Best net spread-0.01%Binance → Bybit · Perp–Perp
Best perp–perp spread+0.15%Binance → Bybit
Markets tracked1610 venues · 10 perp · 6 spot · 0 DEX
Price range0.50%$0.4055 – $0.4075

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$0.4071Bybit logoBybit$0.4063 -0.20%-0.40% -0.36%— -1.009%-0.36% LS Chart →
Bybit logoBybitspot$0.4074Bybit logoBybit$0.4063 -0.27%-0.47% -0.44%— -1.009%-0.36% LS Chart →
Gate logoGatespot$0.4071Variational logoVariational$0.4057 -0.34%-0.54% -0.43%— -0.529%— LS Chart →
OKX logoOKXspot$0.4078Bybit logoBybit$0.4063 -0.37%-0.57% -0.54%— -1.009%-0.36% LS Chart →
MEXC logoMEXCspot$0.4079Bybit logoBybit$0.4063 -0.39%-0.59% -0.56%— -1.009%-0.36% LS Chart →
Gate logoGatespot$0.4071Binance logoBinance$0.4055 -0.39%-0.59% -0.48%— -0.541%— LS Chart →
Gate logoGatespot$0.4071MEXC logoMEXC$0.4055 -0.39%-0.59% -0.48%— -0.541%— LS Chart →
Gate logoGatespot$0.4071OKX logoOKX$0.4055 -0.39%-0.59% -0.48%— -0.494%— LS Chart →
Gate logoGatespot$0.4071KuCoin logoKuCoin$0.4055 -0.39%-0.59% -0.49%— -0.587%— LS Chart →
Binance logoBinancespot$0.408Bybit logoBybit$0.4063 -0.42%-0.62% -0.58%— -1.009%-0.36% LS Chart →
KuCoin logoKuCoinspot$0.408Bybit logoBybit$0.4063 -0.42%-0.62% -0.58%— -1.009%-0.36% LS Chart →
Bybit logoBybitspot$0.4074Variational logoVariational$0.4057 -0.42%-0.62% -0.51%— -0.529%— LS Chart →
Gate logoGatespot$0.4071Bitget logoBitget$0.4053 -0.44%-0.64% -0.52%— -0.473%— LS Chart →
Bybit logoBybitspot$0.4074Binance logoBinance$0.4055 -0.47%-0.67% -0.56%— -0.541%— LS Chart →
Bybit logoBybitspot$0.4074MEXC logoMEXC$0.4055 -0.47%-0.67% -0.56%— -0.541%— 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 $0.4063$0.4065$0.4064+0.08% -1.009%$4.71M
OKX logoOKXPerpetual · UMA-USDT-SWAPPerpetual $0.4055$0.4057$0.4056-0.11% -0.494%$3.15M
Bitget logoBitgetPerpetual · UMAUSDTPerpetual $0.4053$0.4059$0.4056-0.11% -0.473%$1.84M
KuCoin logoKuCoinPerpetual · UMAUSDTMPerpetual $0.4055$0.406$0.4058-0.08% -0.587%$1.12M
Gate logoGatePerpetual · UMA_USDTPerpetual $0.4052$0.4058$0.4055-0.14% -0.755%$972.8K
OKX logoOKXSpot · UMA-USDTSpot $0.4073$0.4078$0.4075+0.37% —$834.8K
Bybit logoBybitSpot · UMAUSDTSpot $0.4068$0.4074$0.4071+0.26% —$520.2K
Hyperliquid logoHyperliquidPerpetual · UMAPerpetual $0.4051$0.4068$0.4059-0.03% -0.686%$441.7K
MEXC logoMEXCPerpetual · UMA_USDTPerpetual $0.4055$0.4059$0.4057-0.09% -0.541%$334.3K
KuCoin logoKuCoinSpot · UMA-USDTSpot $0.406$0.408$0.407+0.23% —$103.7K
Gate logoGateSpot · UMA_USDTSpot $0.4063$0.4071$0.4067+0.16% —$77.4K
Variational logoVariationalPerpetual · UMAPerpetual $0.4057$0.4067$0.4062+0.03% -0.529%$26.7K
Binance logoBinancePerpetual · UMAUSDTPerpetual $0.4055$0.4057$0.4056-0.11% -0.541%—
Aster logoAsterPerpetual · UMAUSDTPerpetual $0.4051$0.4061$0.4056-0.11% -0.656%—
Binance logoBinanceSpot · UMAUSDTSpot $0.407$0.408$0.4075+0.35% ——
MEXC logoMEXCSpot · UMAUSDTSpot $0.4068$0.4079$0.4074+0.32% ——
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 $0.4057 and the highest bid on OKX spot at $0.4073.

The widest UMA perpetual spread is between Binance and Bybit: long UMA on Binance at $0.4057 and short on Bybit at $0.4063 for +0.15% gross, or -0.01% 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 -0.467% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best UMA route is to buy spot on Gate and short the perpetual on Bybit: -0.20% gross, -0.40% net, with -1.009% a day of funding on the short leg.

Spot–spot UMA arbitrage (buy on Gate, withdraw, deposit and sell on OKX) shows +0.05% 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 Binance → sell on Bybit (Perp–Perp): +0.15% gross and -0.01% 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 $0.4057, and OKX (spot) the highest bid at $0.4073. 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 (Binance 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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