Funding arb · Price arb /

MANTA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.3958%/8h= −433.4% APRpaid last 24h −1.205%

Price spread now: Injective against BloFin−1.467%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−2.644%−$264 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 −$119 a day on $10k at the current rate, and Injective is 1.467% cheaper against BloFin than usual: you would sell low and buy high (−$147 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 -2.644% in total (about -137.9% 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	BloFin MANTA-USDT	0.07088	0.0156	pay 0.0078% / 4h	3h 59m	$324K	$23K	50x
Short	Injective MANTA/USDC PERP	0.06984	−0.3802	pay 0.0475% / 1h	59m 51s	$2K	$40K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee InjectivebpOrdersPrice spread, now −1.467%Rate

Funding earned: −$831.18
Price spread: −1.467% → 0.000%: −$146.73
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$989.93
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 15 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 BloFin live order book, 15 min ago	6.36 bp	17.2 bp −$17	47.6 bp −$476	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	−0.3802%	1h	0.06984	−1.467%	$2K	$40K	5.5x
Hyperliquid MANTA	+0.0100%	1h	0.07091	+0.042%	$474K	$206K	3x	as long as short
Aster MANTAUSDT	+0.0100%	4h	0.07078	−0.143%	$5K	$8K	5x	as long as short
Binance MANTAUSDT	+0.0100%	4h	0.07078	−0.145%	$5.5M	$4.5M	50x	as long as short
Bybit MANTAUSDT	+0.0100%	4h	0.07071	−0.240%	$3.3M	$819K	25x	as long as short
Gate MANTA_USDT	+0.0100%	4h	0.07070	−0.254%	$206K	$153K	50x	as long as short
MEXC MANTA_USDT	+0.0100%	4h	0.07078	−0.141%	$13.7M	$665K	50x	as long as short
KuCoin MANTAUSDTM	+0.0100%	4h	0.07067	−0.296%	$281K	$59K	50x	as long as short
Bitget MANTAUSDT	+0.0100%	4h	0.07085	−0.042%	$3.2M	$414K	50x	as long as short
BingX MANTA-USDT	+0.0100%	4h	0.07074	−0.198%	—	$1.5M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MANTA	+0.0100%	4h	0.07074	−0.204%	$17K	$3K	—	as long as short
BloFin MANTA-USDTlong	+0.0156%	4h	0.07088	long leg	$324K	$23K	50x