Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.026%
Price spread now: BingX against Bybit+0.071%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$810.806% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now +0.071%, 7d avg +0.094%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.024% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.094%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MANAUSDT | 0.08504 | 0.0100 | pay 0.0100% / 8h | 6h 54m | $2.8M | $823K | 75x |
| Short | BingX MANA-USDT | 0.08510 | 0.0070 | get 0.0070% / 8h | 6h 54m | — | $2.4M | — |
Bybit MANAUSDT
BingX MANA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$6.3
- Price spread: +0.071% → +0.094%
- −$2.35
- Slippage, 4 orders
- −$59.64
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$89.29
- Costs to cover
- 0.806%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 9 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 Bybit live order book, 3 min ago | 4.12 bp | 22.2 bp −$22 | 216.0 bp −$2,160 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 2.34 bp | 17.4 bp −$17 | 48.9 bp −$489 | 425.8 bp −$42.6K | 1112.8 bp −$556.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MANAUSD | −0.0237% | 1h | 0.08509 | +0.057% | $91K | $59K | 20x | as long as short |
| Variational Omni MANA | −0.0186% | 8h | 0.08484 | −0.233% | $83K | $3K | — | as long as short |
| Injective MANA/USDC PERP | +0.0033% | 1h | 0.08580 | +0.894% | $1K | $279 | 5.5x | as long as short |
| BingX MANA-USDTshort | +0.0070% | 8h | 0.08510 | +0.071% | — | $2.4M | — | |
| Aster MANAUSDT | +0.0100% | 8h | 0.08503 | −0.009% | $8K | $7K | 5x | as long as short |
| Binance MANAUSDT | +0.0100% | 8h | 0.08509 | +0.059% | $3.4M | $5.1M | 75x | as long as short |
| Bybit MANAUSDTlong | +0.0100% | 8h | 0.08504 | long leg | $2.8M | $823K | 75x | |
| OKX MANA-USDT-SWAP | +0.0100% | 8h | 0.08510 | +0.071% | $633K | $1.7M | 20x | as long as short |
| Gate MANA_USDT | +0.0100% | 8h | 0.08508 | +0.047% | $303K | $245K | 75x | as long as short |
| MEXC MANA_USDT | +0.0100% | 8h | 0.08510 | +0.071% | $12.9M | $656K | 200x | as long as short |
Kraken Futures PF_MANAUSD
Variational Omni MANA
Injective MANA/USDC PERP
Aster MANAUSDT
Binance MANAUSDT
OKX MANA-USDT-SWAP
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 | +0.071% | $1.7M | $69K | 50x | as long as short |
| Bitget MANAUSDT | +0.0100% | 8h | 0.08513 | +0.108% | $1.6M | $471K | 25x | as long as short |
| BloFin MANA-USDT | +0.0104% | 8h | 0.08500 | −0.047% | $171K | $43K | 20x | as long as short |
KuCoin MANAUSDTM
Bitget MANAUSDT
BloFin MANA-USDT