Settings8H · net · $10k
Funding arb · Price arb /

MANTA

all MANTA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%
Price spread now: Hyperliquid against Bybit+0.312%7-day average +0.231% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.093%+$9 on $10k
Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.312%, 7d avg +0.231%
Together, before fees−0.025%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.081% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.231%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MANTAUSDT0.070460.0100pay 0.0050% / 4h1h 08m$3.3M$825K25x
ShortHyperliquid MANTA0.070680.0100get 0.0013% / 1h8m 16s$472K$212K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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

Funding earned
$0
Price spread: +0.312% → +0.231%
$8.1
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$11.9
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 4 min ago; Hyperliquid: live order book, 61 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago3.54 bp85.5 bp −$86doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 61 min ago2.82 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

MANTA on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MANTA/USDC PERP−0.4449%1h0.06998−0.681%$2K$40K5.5xas long as short
Hyperliquid MANTAshort+0.0100%1h0.07068+0.312%$472K$212K3x
Aster MANTAUSDT+0.0100%4h0.07051+0.064%$5K$7K5xas long as short
Binance MANTAUSDT+0.0100%4h0.07053+0.103%$5.5M$4.5M50xas long as short
Bybit MANTAUSDTlong+0.0100%4h0.07046long leg$3.3M$825K25x
Gate MANTA_USDT+0.0100%4h0.070460.000%$206K$153K50xas long as short
MEXC MANTA_USDT+0.0100%4h0.07051+0.071%$13.6M$658K50xas long as short
KuCoin MANTAUSDTM+0.0100%4h0.07049+0.043%$235K$53K50xas long as short
Variational Omni MANTA+0.0100%4h0.07056+0.145%$17K$3Kas long as short
BloFin MANTA-USDT+0.0109%4h0.07055+0.128%$323K$24K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MANTAUSDT+0.0304%4h0.07067+0.298%$3.2M$379K50xas long as short
BingX MANTA-USDT+0.0304%4h0.07048+0.028%$1.5Mas long as short