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Funding arb · Price arb /

MANA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC−0.0303%/8h= −33.2% APRpaid last 24h −0.093%
Price spread now: Kraken Futures against BingX+0.277%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1231.235% of the position
Long on BingXShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.421%−$42 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.277% dearer against BingX than usual: you sell high and buy low (spread +0.277% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 3.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MANA-USDT0.086260.0070pay 0.0070% / 8h6h 27m—$2.4M—
ShortKraken Futures PF_MANAUSD0.08650−0.0233pay 0.0029% / 1h27m 47s$100K$62K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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
−$63.6
Price spread: +0.277% → 0.000%
$27.68
Slippage, 4 orders
−$103.47
Fee BingX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$159.39
Costs to cover
1.235%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; Kraken Futures: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 11 min ago5.84 bp19.2 bp −$1946.0 bp −$460405.7 bp −$40.6K1092.1 bp −$546.1K
Sell Kraken Futures live order book, 6 min ago8.71 bp35.8 bp −$36doesn't fitdoesn't fitdoesn't fit

MANA on 12 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
Kraken Futures PF_MANAUSDshort−0.0233%1h0.08650+0.277%$100K$62K20x
Variational Omni MANA−0.0158%8h0.08617−0.102%$84K$3K—as long as short
Injective MANA/USDC PERP+0.0033%1h0.08580−0.533%$1K$2795.5xas long as short
BingX MANA-USDTlong+0.0070%8h0.08626long leg—$2.4M—
Aster MANAUSDT+0.0100%8h0.08628+0.029%$8K$7K5xas long as short
Binance MANAUSDT+0.0100%8h0.08630+0.052%$3.4M$5.3M75xas long as short
Bybit MANAUSDT+0.0100%8h0.08619−0.081%$2.8M$840K75xas long as short
OKX MANA-USDT-SWAP+0.0100%8h0.08629+0.035%$645K$1.7M20xas long as short
Gate MANA_USDT+0.0100%8h0.08637+0.128%$306K$247K75xas long as short
MEXC MANA_USDT+0.0100%8h0.08631+0.058%$13.1M$664K200xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MANAUSDTM+0.0100%8h0.08640+0.162%$1.7M$70K50xas long as short
Bitget MANAUSDT+0.0100%8h0.08635+0.101%$1.6M$496K25xas long as short