Funding arb · Price arb /

MANA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h −0.117%

Price spread now: Kraken Futures against Bybit+0.241%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.588%−$59 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.241% dearer against Bybit than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.588%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MANAUSDT	0.08506	0.0100	pay 0.0100% / 8h	2h 29m	$2.7M	$757K	75x
Short	Kraken Futures PF_MANAUSD	0.08527	0.0173	get 0.0022% / 1h	29m 29s	$98K	$51K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee Kraken FuturesbpOrdersPrice spread, now +0.241%Rate

Funding earned: $15.43
Price spread: +0.241% → 0.000%: $24.12
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $18.56
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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	4.70 bp	22.4 bp −$22	72.9 bp −$729	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0420%	8h	0.08503	−0.040%	$83K	$3K	—	as long as short
Injective MANA/USDC PERP	+0.0033%	1h	0.08580	+0.870%	$1K	$279	5.5x	as long as short
BingX MANA-USDT	+0.0051%	8h	0.08510	+0.047%	—	$2.4M	—	as long as short
OKX MANA-USDT-SWAP	+0.0077%	8h	0.08511	+0.059%	$632K	$1.6M	20x	as long as short
Aster MANAUSDT	+0.0100%	8h	0.08516	+0.112%	$8K	$7K	5x	as long as short
Binance MANAUSDT	+0.0100%	8h	0.08520	+0.165%	$3.4M	$4.9M	75x	as long as short
Bybit MANAUSDTlong	+0.0100%	8h	0.08506	long leg	$2.7M	$757K	75x
Gate MANA_USDT	+0.0100%	8h	0.08510	+0.047%	$304K	$231K	75x	as long as short
MEXC MANA_USDT	+0.0100%	8h	0.08522	+0.188%	$12.7M	$656K	200x	as long as short
KuCoin MANAUSDTM	+0.0100%	8h	0.08520	+0.165%	$1.7M	$67K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MANAUSDT	+0.0100%	8h	0.08522	+0.183%	$1.6M	$445K	25x	as long as short
BloFin MANA-USDT	+0.0116%	8h	0.08518	+0.141%	$172K	$41K	20x	as long as short
Kraken Futures PF_MANAUSDshort	+0.0173%	1h	0.08527	+0.241%	$98K	$51K	20x