Funding you earn now, next payment 08:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against Binance−0.384%91s7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$980.980% of the position
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 4 days (all we have)+0.386%+$39 · spread now −0.384%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.380% cheaper against Binance than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MANTAUSDT | 0.07032 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $5.5M | $4.6M | 50x |
| Short | BloFin MANTA-USDT | 0.07005 | 0.0042 | get 0.0021% / 4h | 2h 19m | $320K | $23K | 50x |
Binance MANTAUSDT
BloFin MANTA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$12.28
- Price spread: −0.384% → −0.004%
- −$38.01
- Slippage, 4 orders
- −$76.01
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$148.31
- Costs to cover
- 0.980%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; BloFin: live order book, 5 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, 3 min ago | 2.14 bp | 22.5 bp −$22 | 113.1 bp −$1,131 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 2.14 bp | 25.9 bp −$26 | 70.0 bp −$700 | doesn't fit | doesn't fit |
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 | −0.3432% | 1h | 0.06913 | −1.692% | $2K | $40K | 5.5x | as long as short |
| BloFin MANTA-USDTshort | +0.0042% | 4h | 0.07005 | −0.384% | $320K | $23K | 50x | |
| Aster MANTAUSDT | +0.0100% | 4h | 0.07017 | −0.214% | $5K | $7K | 5x | as long as short |
| Binance MANTAUSDTlong | +0.0100% | 4h | 0.07032 | long leg | $5.5M | $4.6M | 50x | |
| Bybit MANTAUSDT | +0.0100% | 4h | 0.07021 | −0.156% | $3.3M | $850K | 25x | as long as short |
| Gate MANTA_USDT | +0.0100% | 4h | 0.07013 | −0.270% | $204K | $154K | 50x | as long as short |
| MEXC MANTA_USDT | +0.0100% | 4h | 0.07033 | +0.014% | $13.6M | $645K | 50x | as long as short |
| KuCoin MANTAUSDTM | +0.0100% | 4h | 0.07014 | −0.256% | $234K | $54K | 50x | as long as short |
| Variational Omni MANTA | +0.0100% | 4h | 0.06997 | −0.501% | $16K | $3K | — | as long as short |
| Bitget MANTAUSDT | +0.0122% | 4h | 0.07022 | −0.142% | $3.2M | $400K | 50x | as long as short |
Injective MANTA/USDC PERP
Aster MANTAUSDT
Bybit MANTAUSDT
Gate MANTA_USDT
MEXC MANTA_USDT
KuCoin MANTAUSDTM
Variational Omni MANTA
Bitget MANTAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MANTA-USDT | +0.0122% | 4h | 0.07026 | −0.085% | — | $1.6M | — | as long as short |
| Hyperliquid MANTA | +0.0393% | 1h | 0.07041 | +0.128% | $470K | $220K | 3x | as long as short |
BingX MANTA-USDT
Hyperliquid MANTA