Funding arb · Price arb /

MANTA

all MANTA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.4161%/8h= −455.6% APRpaid last 24h −1.222%

Price spread now: Injective against Bitget−1.737%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−2.593%−$259 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 −$125 a day on $10k at the current rate, and Injective is 1.737% cheaper against Bitget than usual: you would sell low and buy high (−$174 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 -2.593% in total (about -135.2% 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	Bitget MANTAUSDT	0.07082	0.0200	pay 0.0100% / 4h	3h 13m	$3.2M	$393K	50x
Short	Injective MANTA/USDC PERP	0.06959	−0.3961	pay 0.0495% / 1h	13m 08s	$2K	$40K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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 BitgetbpFee InjectivebpOrdersPrice spread, now −1.737%Rate

Funding earned: −$873.75
Price spread: −1.737% → 0.000%: −$173.68
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,059.45
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	7.05 bp	26.3 bp −$26	207.0 bp −$2,070	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	−0.3961%	1h	0.06959	−1.737%	$2K	$40K	5.5x
BloFin MANTA-USDT	+0.0093%	4h	0.07074	−0.113%	$324K	$23K	50x	as long as short
Aster MANTAUSDT	+0.0100%	4h	0.07078	−0.050%	$5K	$7K	5x	as long as short
Binance MANTAUSDT	+0.0100%	4h	0.07075	−0.099%	$5.6M	$4.6M	50x	as long as short
Bybit MANTAUSDT	+0.0100%	4h	0.07063	−0.268%	$3.3M	$842K	25x	as long as short
Gate MANTA_USDT	+0.0100%	4h	0.07070	−0.169%	$218K	$143K	50x	as long as short
MEXC MANTA_USDT	+0.0100%	4h	0.07076	−0.085%	$13.6M	$630K	50x	as long as short
KuCoin MANTAUSDTM	+0.0100%	4h	0.07070	−0.169%	$236K	$53K	50x	as long as short
Variational Omni MANTA	+0.0100%	4h	0.07056	−0.363%	$17K	$3K	—	as long as short
Bitget MANTAUSDTlong	+0.0200%	4h	0.07082	long leg	$3.2M	$393K	50x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MANTA-USDT	+0.0222%	4h	0.07072	−0.141%	—	$1.5M	—	as long as short
Hyperliquid MANTA	+0.0298%	1h	0.07089	+0.099%	$474K	$227K	3x	as long as short