Funding you earn now, next payment 00:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.22 per $10,000 · paid last 24h −0.002%
Price spread now: OKX against BingX−0.047%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$920.919% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.047%, 7d avg −0.026%
=Funding pays, the price is against you. OKX is 0.021% cheaper against BingX than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of −0.026%). If the spread goes back, that is −$2 on $10k: about 3.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.003% in total) that is about 56 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MANA-USDT | 0.08505 | 0.0039 | pay 0.0039% / 8h | 2h 44m | — | $2.4M | — |
| Short | OKX MANA-USDT-SWAP | 0.08501 | 0.0061 | get 0.0061% / 8h | 2h 44m | $630K | $1.6M | 20x |
BingX MANA-USDT
OKX MANA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BingX. 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
- $4.54
- Price spread: −0.047% → −0.026%
- −$2.08
- Slippage, 4 orders
- −$71.86
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$89.4
- Costs to cover
- 0.919%
- Break-even
- 144.7 days
Slippage from BingX: live order book, 5 min ago; OKX: live order book, 3 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 BingX live order book, 5 min ago | 6.47 bp | 21.1 bp −$21 | 49.8 bp −$498 | 525.5 bp −$52.5K | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.53 bp | 25.9 bp −$26 | 125.6 bp −$1,256 | doesn't fit | doesn't fit |
MANA 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MANA | −0.0437% | 8h | 0.08491 | −0.164% | $83K | $3K | — | as long as short |
| Injective MANA/USDC PERP | +0.0033% | 1h | 0.08580 | +0.882% | $1K | $279 | 5.5x | as long as short |
| BingX MANA-USDTlong | +0.0039% | 8h | 0.08505 | long leg | — | $2.4M | — | |
| OKX MANA-USDT-SWAPshort | +0.0061% | 8h | 0.08501 | −0.047% | $630K | $1.6M | 20x | |
| BloFin MANA-USDT | +0.0088% | 8h | 0.08499 | −0.071% | $173K | $41K | 20x | as long as short |
| Aster MANAUSDT | +0.0100% | 8h | 0.08514 | +0.103% | $8K | $7K | 5x | as long as short |
| Binance MANAUSDT | +0.0100% | 8h | 0.08506 | +0.017% | $3.4M | $4.8M | 75x | as long as short |
| Bybit MANAUSDT | +0.0100% | 8h | 0.08492 | −0.153% | $2.7M | $757K | 75x | as long as short |
| Gate MANA_USDT | +0.0100% | 8h | 0.08501 | −0.047% | $304K | $230K | 75x | as long as short |
| MEXC MANA_USDT | +0.0100% | 8h | 0.08508 | +0.035% | $12.6M | $655K | 200x | as long as short |
Variational Omni MANA
Injective MANA/USDC PERP
BloFin MANA-USDT
Aster MANAUSDT
Binance MANAUSDT
Bybit MANAUSDT
Gate MANA_USDT
MEXC MANA_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MANAUSDTM | +0.0100% | 8h | 0.08510 | +0.059% | $1.7M | $67K | 50x | as long as short |
| Bitget MANAUSDT | +0.0100% | 8h | 0.08512 | +0.080% | $1.6M | $443K | 25x | as long as short |
| Kraken Futures PF_MANAUSD | +0.0174% | 1h | 0.08513 | +0.096% | $98K | $51K | 20x | as long as short |
KuCoin MANAUSDTM
Bitget MANAUSDT
Kraken Futures PF_MANAUSD