Funding arb · Price arb /

MANTA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.4086%/8h= +447.4% APRpaid last 24h +1.194%

Price spread now: BloFin against Injective+0.938%7-day average — · you sell dearer than you buy

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+2.442%+$244 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$123 a day on $10k at the current rate, and BloFin is 0.938% dearer against Injective than usual: you sell high and buy low: +$94 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.442% in total (about 127.3% 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	Injective MANTA/USDC PERP	0.07036	−0.3961	get 0.0495% / 1h	58m 03s	$2K	$40K	5.5x
Short	BloFin MANTA-USDT	0.07102	0.0126	get 0.0063% / 4h	3h 58m	$325K	$23K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now +0.938%Rate

Funding earned: $858.11
Price spread: +0.938% → 0.000%: $93.8
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $939.9
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 37 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 37 min ago	7.08 bp	19.2 bp −$19	55.8 bp −$558	doesn't fit	doesn't fit

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 PERPlong	−0.3961%	1h	0.07036	long leg	$2K	$40K	5.5x
Hyperliquid MANTA	+0.0100%	1h	0.07118	+1.165%	$476K	$229K	3x	as long as short
Aster MANTAUSDT	+0.0100%	4h	0.07109	+1.038%	$5K	$7K	5x	as long as short
Binance MANTAUSDT	+0.0100%	4h	0.07106	+0.994%	$5.6M	$4.5M	50x	as long as short
Bybit MANTAUSDT	+0.0100%	4h	0.07100	+0.910%	$3.3M	$830K	25x	as long as short
Gate MANTA_USDT	+0.0100%	4h	0.07101	+0.924%	$218K	$129K	50x	as long as short
MEXC MANTA_USDT	+0.0100%	4h	0.07102	+0.938%	$13.7M	$611K	50x	as long as short
KuCoin MANTAUSDTM	+0.0100%	4h	0.07103	+0.952%	$237K	$53K	50x	as long as short
Variational Omni MANTA	+0.0100%	4h	0.07105	+0.984%	$17K	$3K	—	as long as short
BloFin MANTA-USDTshort	+0.0126%	4h	0.07102	+0.938%	$325K	$23K	50x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MANTA-USDT	+0.0216%	4h	0.07106	+0.995%	—	$1.5M	—	as long as short
Bitget MANTAUSDT	+0.0262%	4h	0.07119	+1.180%	$3.2M	$396K	50x	as long as short