Funding you earn now, next payment 04:00 UTC+0.0206%/8h= +22.5% APRnext payment +$1.03 per $10,000 · paid last 24h +0.018%
Price spread now: BingX against BloFin−0.268%81s7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as 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−$970.967% of the position
Funding, last 7 days+0.085%+$9 on $10k
+Price spread, last 4 days (all we have)+0.252%+$25 · spread now −0.268%, 7d avg −0.044%
=Funding pays, the price is against you. BingX is 0.223% cheaper against BloFin than usual: you would sell low and buy high (spread −0.268% now, against its 7-day average of −0.044%). If the spread goes back, that is −$22 on $10k: about 3.6 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.085% in total) that is about 18 days. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.03 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 | BloFin MANTA-USDT | 0.07094 | 0.0048 | pay 0.0024% / 4h | 49m 43s | $325K | $23K | 50x |
| Short | BingX MANTA-USDT | 0.07075 | 0.0254 | get 0.0127% / 4h | 49m 43s | — | $1.5M | — |
BloFin MANTA-USDT
BingX MANTA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $43.24
- Price spread: −0.268% → −0.044%
- −$22.34
- Slippage, 4 orders
- −$74.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$75.83
- Costs to cover
- 0.967%
- Break-even
- 19.3 days
Slippage from BloFin: live order book, 50 min ago; BingX: live order book, 11 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, 50 min ago | 7.06 bp | 22.4 bp −$22 | 51.4 bp −$514 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 7.01 bp | 29.5 bp −$29 | 81.8 bp −$818 | 538.7 bp −$53.9K | 804.1 bp −$402.0K |
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 | −0.3997% | 1h | 0.07031 | −0.888% | $2K | $40K | 5.5x | as long as short |
| BloFin MANTA-USDTlong | +0.0048% | 4h | 0.07094 | long leg | $325K | $23K | 50x | |
| Aster MANTAUSDT | +0.0100% | 4h | 0.07069 | −0.347% | $5K | $7K | 5x | as long as short |
| Binance MANTAUSDT | +0.0100% | 4h | 0.07079 | −0.210% | $5.5M | $4.5M | 50x | as long as short |
| Bybit MANTAUSDT | +0.0100% | 4h | 0.07071 | −0.324% | $3.3M | $814K | 25x | as long as short |
| Gate MANTA_USDT | +0.0100% | 4h | 0.07075 | −0.268% | $217K | $129K | 50x | as long as short |
| MEXC MANTA_USDT | +0.0100% | 4h | 0.07075 | −0.268% | $13.6M | $606K | 50x | as long as short |
| KuCoin MANTAUSDTM | +0.0100% | 4h | 0.07072 | −0.310% | $236K | $53K | 50x | as long as short |
| Variational Omni MANTA | +0.0100% | 4h | 0.07078 | −0.222% | $17K | $3K | — | as long as short |
| Bitget MANTAUSDT | +0.0228% | 4h | 0.07088 | −0.085% | $3.2M | $396K | 50x | as long as short |
Injective MANTA/USDC PERP
Aster MANTAUSDT
Binance MANTAUSDT
Bybit MANTAUSDT
Gate MANTA_USDT
MEXC MANTA_USDT
KuCoin MANTAUSDTM
Variational Omni MANTA
Bitget MANTAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MANTA | +0.0252% | 1h | 0.07086 | −0.113% | $474K | $230K | 3x | as long as short |
| BingX MANTA-USDTshort | +0.0254% | 4h | 0.07075 | −0.268% | — | $1.5M | — |
Hyperliquid MANTA