Funding arb · Price arb /

MANTA

all MANTA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.3704%/8h= −405.6% APRpaid last 24h −1.201%

Price spread now: Injective against Binance−1.437%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−2.232%−$223 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$111 a day on $10k at the current rate, and Injective is 1.437% cheaper against Binance than usual: you would sell low and buy high (−$144 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.232% in total (about -116.4% a year). A funding rate is set anew for every payment. 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	0.07108	0.0100	pay 0.0050% / 4h	7m 05s	$5.6M	$4.5M	50x
Short	Injective MANTA/USDC PERP	0.07006	−0.3604	pay 0.0451% / 1h	7m 05s	$2K	$40K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now −1.437%Rate

Funding earned: −$777.94
Price spread: −1.437% → 0.000%: −$143.75
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$931.7
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 1 min ago; Injective: 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 Binance live order book, 1 min ago	0.70 bp	22.5 bp −$23	85.4 bp −$854	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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.

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 PERPshort	−0.3604%	1h	0.07006	−1.437%	$2K	$40K	5.5x
BloFin MANTA-USDT	+0.0075%	4h	0.07107	−0.017%	$320K	$19K	50x	as long as short
Hyperliquid MANTA	+0.0100%	1h	0.07122	+0.194%	$539K	$212K	3x	as long as short
Aster MANTAUSDT	+0.0100%	4h	0.07096	−0.166%	$5K	$7K	5x	as long as short
Binance MANTAUSDTlong	+0.0100%	4h	0.07108	long leg	$5.6M	$4.5M	50x
Bybit MANTAUSDT	+0.0100%	4h	0.07103	−0.073%	$3.4M	$909K	25x	as long as short
Gate MANTA_USDT	+0.0100%	4h	0.07105	−0.045%	$209K	$127K	50x	as long as short
MEXC MANTA_USDT	+0.0100%	4h	0.07108	−0.002%	$13.7M	$574K	50x	as long as short
KuCoin MANTAUSDTM	+0.0100%	4h	0.07098	−0.143%	$236K	$28K	50x	as long as short
Variational Omni MANTA	+0.0100%	4h	0.07069	−0.544%	$17K	$3K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MANTA-USDT	+0.0400%	4h	0.07107	−0.017%	—	$1.5M	—	as long as short
Bitget MANTAUSDT	+0.0412%	4h	0.07122	+0.194%	$3.2M	$416K	50x	as long as short