Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.9% APRnext payment −$0.22 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against BloFin+0.285%81s7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as 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)−0.288%−$29 · spread now +0.285%, 7d avg +0.004%
=The price spread pays, funding is against you. Binance is 0.281% dearer against BloFin than usual: you sell high and buy low (spread +0.285% now, against its 7-day average of +0.004%): +$28 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 7 days (−0.015% in total) that is about 4 months. The two prices were read 81 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 | BloFin MANTA-USDT | 0.06995 | 0.0144 | pay 0.0072% / 4h | 2h 21m | $320K | $23K | 50x |
| Short | Binance MANTAUSDT | 0.07015 | 0.0100 | get 0.0050% / 4h | 2h 21m | $5.5M | $4.6M | 50x |
BloFin MANTA-USDT
Binance MANTAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$9.31
- Price spread: +0.285% → +0.004%
- $28.13
- Slippage, 4 orders
- −$76.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$79.19
- Costs to cover
- 0.980%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Binance: live order book, 1 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 BloFin live order book, 3 min ago | 2.14 bp | 21.9 bp −$22 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 2.14 bp | 27.8 bp −$28 | 109.4 bp −$1,094 | 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 | 0.06929 | −0.944% | $2K | $40K | 5.5x | as long as short |
| Aster MANTAUSDT | +0.0100% | 4h | 0.06999 | +0.064% | $5K | $7K | 5x | as long as short |
| Binance MANTAUSDTshort | +0.0100% | 4h | 0.07015 | +0.285% | $5.5M | $4.6M | 50x | |
| Bybit MANTAUSDT | +0.0100% | 4h | 0.06992 | −0.043% | $3.3M | $849K | 25x | as long as short |
| Gate MANTA_USDT | +0.0100% | 4h | 0.06990 | −0.071% | $203K | $154K | 50x | as long as short |
| MEXC MANTA_USDT | +0.0100% | 4h | 0.07014 | +0.272% | $13.5M | $644K | 50x | as long as short |
| KuCoin MANTAUSDTM | +0.0100% | 4h | 0.06994 | −0.014% | $233K | $54K | 50x | as long as short |
| Variational Omni MANTA | +0.0100% | 4h | 0.06979 | −0.231% | $16K | $3K | — | as long as short |
| Bitget MANTAUSDT | +0.0112% | 4h | 0.07013 | +0.257% | $3.2M | $400K | 50x | as long as short |
| BingX MANTA-USDT | +0.0122% | 4h | 0.07003 | +0.114% | — | $1.5M | — | as long as short |
Injective MANTA/USDC PERP
Aster MANTAUSDT
Bybit MANTAUSDT
Gate MANTA_USDT
MEXC MANTA_USDT
KuCoin MANTAUSDTM
Variational Omni MANTA
Bitget MANTAUSDT
BingX MANTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MANTA-USDTlong | +0.0144% | 4h | 0.06995 | long leg | $320K | $23K | 50x | |
| Hyperliquid MANTA | +0.0380% | 1h | 0.07024 | +0.415% | $469K | $220K | 3x | as long as short |
Hyperliquid MANTA