Funding you earn now, next payment 08:00 UTC−0.0200%/8h= −21.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.032%
Price spread now: Binance against Bitget−0.124%7-day average −0.162% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1031.035% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 7 days−0.236%−$24 · spread now −0.124%, 7d avg −0.162%
=The price spread pays, funding is against you. Binance is 0.038% dearer against Bitget than usual: you sell high and buy low (spread −0.124% now, against its 7-day average of −0.162%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.113% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.00 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 | Bitget MANTAUSDT | 0.07046 | 0.0300 | pay 0.0150% / 4h | 1h 04m | $3.2M | $379K | 50x |
| Short | Binance MANTAUSDT | 0.07037 | 0.0100 | get 0.0050% / 4h | 1h 04m | $5.5M | $4.6M | 50x |
Bitget MANTAUSDT
Binance MANTAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$42
- Price spread: −0.124% → −0.162%
- $3.84
- Slippage, 4 orders
- −$81.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$141.64
- Costs to cover
- 1.035%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 4 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 Bitget live order book, 4 min ago | 7.07 bp | 25.6 bp −$26 | 98.0 bp −$980 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.71 bp | 23.8 bp −$24 | 111.0 bp −$1,110 | 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 | −0.4449% | 1h | 0.06998 | −0.681% | $2K | $40K | 5.5x | as long as short |
| Hyperliquid MANTA | +0.0100% | 1h | 0.07050 | +0.057% | $471K | $213K | 3x | as long as short |
| Aster MANTAUSDT | +0.0100% | 4h | 0.07040 | −0.084% | $5K | $7K | 5x | as long as short |
| Binance MANTAUSDTshort | +0.0100% | 4h | 0.07037 | −0.124% | $5.5M | $4.6M | 50x | |
| Bybit MANTAUSDT | +0.0100% | 4h | 0.07028 | −0.255% | $3.3M | $825K | 25x | as long as short |
| Gate MANTA_USDT | +0.0100% | 4h | 0.07037 | −0.128% | $205K | $153K | 50x | as long as short |
| MEXC MANTA_USDT | +0.0100% | 4h | 0.07037 | −0.128% | $13.6M | $659K | 50x | as long as short |
| KuCoin MANTAUSDTM | +0.0100% | 4h | 0.07035 | −0.156% | $280K | $62K | 50x | as long as short |
| Variational Omni MANTA | +0.0100% | 4h | 0.07045 | −0.010% | $16K | $3K | — | as long as short |
| BloFin MANTA-USDT | +0.0156% | 4h | 0.07049 | +0.043% | $324K | $24K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MANTAUSDTlong | +0.0300% | 4h | 0.07046 | long leg | $3.2M | $379K | 50x | |
| BingX MANTA-USDT | +0.0302% | 4h | 0.07037 | −0.128% | — | $1.6M | — | as long as short |
BingX MANTA-USDT