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

MANTA

all MANTA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.238%7-day average +0.170% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.077%−$8 on $10k
Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.238%, 7d avg +0.170%
Together, before fees−0.250%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.068% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.170%. Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MANTA-USDT0.071280.0268pay 0.0134% / 4h56m 30s$1.5M
ShortHyperliquid MANTA0.071450.0432get 0.0054% / 1h56m 30s$478K$234K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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

Funding earned
$34.52
Price spread: +0.238% → +0.170%
$6.84
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$22.37
Costs to cover
0.190%
Break-even
2.5 days
Slippage unknown: BingX: live order book, 4 min ago; Hyperliquid: live order book, 43 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 4 min ago7.01 bp23.4 bp −$2367.0 bp −$670566.5 bp −$56.6K782.8 bp −$391.4K
Sell Hyperliquid live order book, 43 min ago0.70 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

MANTA on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MANTA/USDC PERP−0.3997%1h0.07031−1.361%$2K$40K5.5xas long as short
BloFin MANTA-USDT+0.0052%4h0.07117−0.154%$327K$23K50xas long as short
Aster MANTAUSDT+0.0100%4h0.07109−0.273%$5K$7K5xas long as short
Binance MANTAUSDT+0.0100%4h0.07136+0.112%$5.6M$4.5M50xas long as short
Bybit MANTAUSDT+0.0100%4h0.07125−0.042%$3.3M$813K25xas long as short
Gate MANTA_USDT+0.0100%4h0.07118−0.140%$218K$129K50xas long as short
MEXC MANTA_USDT+0.0100%4h0.07134+0.084%$13.7M$602K50xas long as short
KuCoin MANTAUSDTM+0.0100%4h0.07104−0.337%$237K$53K50xas long as short
Variational Omni MANTA+0.0100%4h0.07120−0.119%$17K$3Kas long as short
Bitget MANTAUSDT+0.0262%4h0.07125−0.042%$3.2M$396K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX MANTA-USDTlong+0.0268%4h0.07128long leg$1.5M
Hyperliquid MANTAshort+0.0432%1h0.07145+0.238%$478K$234K3x