Funding you earn now, next payment 04:00 UTC+0.0351%/8h= +38.4% APRnext payment +$1.75 per $10,000 · paid last 24h +0.021%
Price spread now: BingX against Binance−0.070%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$910.908% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 7 days+0.033%+$3 · spread now −0.070%, 7d avg −0.038%
=Funding pays, the price is against you. BingX is 0.031% cheaper against Binance than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.038%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.098% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MANTAUSDT | 0.07179 | 0.0100 | pay 0.0050% / 4h | 3h 17m | $5.6M | $4.4M | 50x |
| Short | BingX MANTA-USDT | 0.07174 | 0.0451 | get 0.0225% / 4h | 3h 17m | — | $1.5M | — |
Binance MANTAUSDT
BingX MANTA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- $73.67
- Price spread: −0.070% → −0.038%
- −$3.14
- Slippage, 4 orders
- −$70.76
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$20.23
- Costs to cover
- 0.908%
- Break-even
- 8.9 days
Slippage from Binance: live order book, 5 min ago; BingX: live order book, 13 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 Binance live order book, 5 min ago | 0.70 bp | 17.1 bp −$17 | 89.1 bp −$891 | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 4.20 bp | 27.3 bp −$27 | 70.5 bp −$705 | 588.8 bp −$58.9K | 865.9 bp −$433.0K |
MANTA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MANTA/USDC PERP | −0.4515% | 1h | 0.07090 | −1.240% | $2K | $40K | 5.5x | as long as short |
| Hyperliquid MANTA | +0.0100% | 1h | 0.07190 | +0.153% | $543K | $210K | 3x | as long as short |
| Aster MANTAUSDT | +0.0100% | 4h | 0.07170 | −0.131% | $5K | $8K | 5x | as long as short |
| Binance MANTAUSDTlong | +0.0100% | 4h | 0.07179 | long leg | $5.6M | $4.4M | 50x | |
| Bybit MANTAUSDT | +0.0100% | 4h | 0.07166 | −0.181% | $3.4M | $888K | 25x | as long as short |
| Gate MANTA_USDT | +0.0100% | 4h | 0.07170 | −0.125% | $208K | $125K | 50x | as long as short |
| MEXC MANTA_USDT | +0.0100% | 4h | 0.07179 | 0.000% | $13.8M | $585K | 50x | as long as short |
| KuCoin MANTAUSDTM | +0.0100% | 4h | 0.07170 | −0.125% | $284K | $40K | 50x | as long as short |
| Variational Omni MANTA | +0.0100% | 4h | 0.07170 | −0.128% | $17K | $2K | — | as long as short |
| BloFin MANTA-USDT | +0.0100% | 4h | 0.07178 | −0.014% | $324K | $19K | 50x | as long as short |
Injective MANTA/USDC PERP
Hyperliquid MANTA
Aster MANTAUSDT
Bybit MANTAUSDT
Gate MANTA_USDT
MEXC MANTA_USDT
KuCoin MANTAUSDTM
Variational Omni MANTA
BloFin MANTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MANTA-USDTshort | +0.0451% | 4h | 0.07174 | −0.070% | — | $1.5M | — | |
| Bitget MANTAUSDT | +0.0472% | 4h | 0.07180 | +0.014% | $3.2M | $404K | 50x | as long as short |
Bitget MANTAUSDT