Funding you earn now, next payment 00:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.51 per $10,000 · paid last 24h −0.024%
Price spread now: OKX against Bitget−0.247%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$910.912% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.247%, 7d avg −0.129%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.118% cheaper against Bitget than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.129%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MANAUSDT | 0.08502 | 0.0100 | pay 0.0100% / 8h | 2h 54m | $1.6M | $440K | 25x |
| Short | OKX MANA-USDT-SWAP | 0.08481 | 0.0049 | get 0.0049% / 8h | 2h 54m | $631K | $1.6M | 20x |
Bitget MANAUSDT
OKX MANA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- −$10.71
- Price spread: −0.247% → −0.129%
- −$11.79
- Slippage, 4 orders
- −$69.2
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$113.7
- Costs to cover
- 0.912%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; OKX: 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 Bitget live order book, 2 min ago | 8.52 bp | 19.6 bp −$20 | 44.3 bp −$443 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 3.53 bp | 22.1 bp −$22 | doesn't fit | 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 | −0.0454% | 8h | 0.08483 | −0.218% | $83K | $3K | — | as long as short |
| Injective MANA/USDC PERP | +0.0033% | 1h | 0.08580 | +0.917% | $1K | $279 | 5.5x | as long as short |
| BingX MANA-USDT | +0.0034% | 8h | 0.08490 | −0.141% | — | $2.4M | — | as long as short |
| OKX MANA-USDT-SWAPshort | +0.0049% | 8h | 0.08481 | −0.247% | $631K | $1.6M | 20x | |
| BloFin MANA-USDT | +0.0076% | 8h | 0.08507 | +0.059% | $173K | $41K | 20x | as long as short |
| Aster MANAUSDT | +0.0100% | 8h | 0.08507 | +0.061% | $8K | $7K | 5x | as long as short |
| Binance MANAUSDT | +0.0100% | 8h | 0.08505 | +0.030% | $3.4M | $4.9M | 75x | as long as short |
| Bybit MANAUSDT | +0.0100% | 8h | 0.08483 | −0.223% | $2.7M | $756K | 75x | as long as short |
| Gate MANA_USDT | +0.0100% | 8h | 0.08494 | −0.094% | $304K | $230K | 75x | as long as short |
| MEXC MANA_USDT | +0.0100% | 8h | 0.08497 | −0.059% | $12.6M | $654K | 200x | as long as short |
Variational Omni MANA
Injective MANA/USDC PERP
BingX MANA-USDT
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 | +0.094% | $1.7M | $67K | 50x | as long as short |
| Bitget MANAUSDTlong | +0.0100% | 8h | 0.08502 | long leg | $1.6M | $440K | 25x | |
| Kraken Futures PF_MANAUSD | +0.0173% | 1h | 0.08527 | +0.293% | $98K | $51K | 20x | as long as short |
KuCoin MANAUSDTM
Kraken Futures PF_MANAUSD