MANTA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0202%/8h= +22.1% APRnext payment +$1.01 per $10,000 · paid last 24h +0.027%

Price spread now: BingX against KuCoin+0.142%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$790as in the Funding arb table

Net, price: spread back to 7d avg − costs−$791as in the Price arb table

costs, in and out, $10k−$8008.004% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.142%, 7d avg +0.052%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.090% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.052%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.104% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.01 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	KuCoin MANTAUSDTM	0.07041	0.0100	pay 0.0050% / 4h	1h 06m	$235K	$53K	50x
Short	BingX MANTA-USDT	0.07051	0.0302	get 0.0151% / 4h	1h 06m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.142%Rate

Funding earned: $42.42
Price spread: +0.142% → +0.052%: $8.98
Slippage, 4 orders: −$778.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$748.99
Costs to cover: 8.004%
Break-even: 130.6 days

Slippage from KuCoin: live order book, 35 min ago; BingX: live order book, 9 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 KuCoin live order book, 35 min ago	14.17 bp	460.3 bp −$460	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	6.36 bp	26.3 bp −$26	79.1 bp −$791	587.2 bp −$58.7K	822.4 bp −$411.2K

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	−0.4449%	1h	0.06998	−0.611%	$2K	$40K	5.5x	as long as short
BloFin MANTA-USDT	+0.0068%	4h	0.07050	+0.128%	$323K	$24K	50x	as long as short
Hyperliquid MANTA	+0.0100%	1h	0.07070	+0.412%	$472K	$212K	3x	as long as short
Aster MANTAUSDT	+0.0100%	4h	0.07048	+0.104%	$5K	$7K	5x	as long as short
Binance MANTAUSDT	+0.0100%	4h	0.07053	+0.176%	$5.5M	$4.6M	50x	as long as short
Bybit MANTAUSDT	+0.0100%	4h	0.07042	+0.014%	$3.3M	$825K	25x	as long as short
Gate MANTA_USDT	+0.0100%	4h	0.07048	+0.099%	$206K	$153K	50x	as long as short
MEXC MANTA_USDT	+0.0100%	4h	0.07055	+0.199%	$13.6M	$658K	50x	as long as short
KuCoin MANTAUSDTMlong	+0.0100%	4h	0.07041	long leg	$235K	$53K	50x
Variational Omni MANTA	+0.0100%	4h	0.07056	+0.216%	$17K	$3K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MANTA-USDTshort	+0.0302%	4h	0.07051	+0.142%	—	$1.6M	—
Bitget MANTAUSDT	+0.0304%	4h	0.07070	+0.412%	$3.2M	$379K	50x	as long as short