Settings8H · net · $10k
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Funding arb · Price arb / Crypto

MANA

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotMANAUSDT
0.07043spotno funding——$1.9M1xBuy Bybit Spot
SHORT
BybitMANAUSDT
0.07022+0.0100get 0.0100% / 8h7h 44m$2.2M$1.1M75xShort Bybit
Price gap−0.298%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.074% under its 7d average: −$7 if it goes back, about 2.5 days of funding. At the last 7 days' pace that is about 9.6 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$5+0.0100% /8h now · paid +0.054% over the last 7D
Price−$7spread −0.298% now, avg −0.224% → −0.074% if it goes back
Costs−$2272.267% of $10k · taker + slippage, in and out
Result−$229−2.29%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.298%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MANA on 13 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size87.8 / 25.4 bp
    At $10k entering Bybit Spot costs 87.8 bp, fee and slippage, 3.5× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $133
    The spot leg is bought with the whole $10k; Bybit runs at up to 75x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Bybit settles every 8h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, +$3.00.
  • Watch: Gap narrower than usual−0.298% vs −0.224%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$2.2M OI
    Only Bybit reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0026%/8h × 21 periods+$5.41
Price spread−0.298% → −0.224% (7d avg)−$7.39
Slippage, 4 orderslive order books−$195.75
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$228.73
Costs to cover2.267%Break-even302.9 days
Slippage: Bybit Spot: live order book, 1 min ago; Bybit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot4.2687.8 bp−$88doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit2.8725.4 bp−$25112.1 bp−$1,121doesn’t fitdoesn’t fit

Closing costs about the same again.

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