Funding arb · Price arb /

MANTA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.4151%/8h= +454.5% APRpaid last 24h +1.199%

Price spread now: Gate against Injective+1.115%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+2.386%+$239 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 +$125 a day on $10k at the current rate, and Gate is 1.115% dearer against Injective than usual: you sell high and buy low: +$112 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 2.386% in total (about 124.4% 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	0.06993	−0.4051	get 0.0506% / 1h	43m 17s	$2K	$40K	5.5x
Short	Gate MANTA_USDT	0.07071	0.0100	get 0.0050% / 4h	1h 43m	$205K	$133K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +1.115%Rate

Funding earned: $871.67
Price spread: +1.115% → 0.000%: $111.54
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $968.19
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 13 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 Gate live order book, 13 min ago	4.92 bp	32.5 bp −$32	doesn't fit	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	−0.4051%	1h	0.06993	long leg	$2K	$40K	5.5x
Hyperliquid MANTA	+0.0100%	1h	0.07095	+1.459%	$476K	$240K	3x	as long as short
Aster MANTAUSDT	+0.0100%	4h	0.07079	+1.229%	$5K	$7K	5x	as long as short
Binance MANTAUSDT	+0.0100%	4h	0.07084	+1.301%	$5.5M	$4.5M	50x	as long as short
Bybit MANTAUSDT	+0.0100%	4h	0.07076	+1.187%	$3.3M	$803K	25x	as long as short
Gate MANTA_USDTshort	+0.0100%	4h	0.07071	+1.115%	$205K	$133K	50x
MEXC MANTA_USDT	+0.0100%	4h	0.07084	+1.301%	$13.6M	$591K	50x	as long as short
KuCoin MANTAUSDTM	+0.0100%	4h	0.07077	+1.201%	$236K	$53K	50x	as long as short
Variational Omni MANTA	+0.0100%	4h	0.07065	+1.033%	$17K	$3K	—	as long as short
BloFin MANTA-USDT	+0.0136%	4h	0.07072	+1.130%	$324K	$23K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MANTAUSDT	+0.0266%	4h	0.07096	+1.473%	$3.2M	$409K	50x	as long as short
BingX MANTA-USDT	+0.0308%	4h	0.07077	+1.201%	—	$1.5M	—	as long as short