Funding arb · Price arb /

MANTA

all MANTA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.3532%/8h= −386.7% APRpaid last 24h −1.196%

Price spread now: Injective against KuCoin−0.968%100s7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−2.529%−$253 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 −$106 a day on $10k at the current rate, and Injective is 0.968% cheaper against KuCoin than usual: you would sell low and buy high (−$97 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MANTAUSDTM	0.07023	0.0100	pay 0.0050% / 4h	2h 35m	$234K	$52K	50x
Short	Injective MANTA/USDC PERP	0.06955	−0.3432	pay 0.0429% / 1h	35m 37s	$2K	$40K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now −0.968%Rate

Funding earned: −$741.69
Price spread: −0.968% → 0.000%: −$96.82
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$850.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 21 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 KuCoin live order book, 21 min ago	21.98 bp	378.1 bp −$378	doesn't fit	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	−0.3432%	1h	0.06955	−0.968%	$2K	$40K	5.5x
BloFin MANTA-USDT	+0.0092%	4h	0.07022	−0.014%	$323K	$23K	50x	as long as short
Aster MANTAUSDT	+0.0100%	4h	0.07033	+0.146%	$5K	$7K	5x	as long as short
Binance MANTAUSDT	+0.0100%	4h	0.07034	+0.157%	$5.5M	$4.6M	50x	as long as short
Bybit MANTAUSDT	+0.0100%	4h	0.07028	+0.071%	$3.3M	$846K	25x	as long as short
Gate MANTA_USDT	+0.0100%	4h	0.07029	+0.085%	$207K	$151K	50x	as long as short
MEXC MANTA_USDT	+0.0100%	4h	0.07028	+0.071%	$13.6M	$643K	50x	as long as short
KuCoin MANTAUSDTMlong	+0.0100%	4h	0.07023	long leg	$234K	$52K	50x
Variational Omni MANTA	+0.0100%	4h	0.07021	−0.023%	$16K	$3K	—	as long as short
Bitget MANTAUSDT	+0.0174%	4h	0.07041	+0.256%	$3.2M	$399K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MANTA-USDT	+0.0174%	4h	0.07025	+0.028%	—	$1.5M	—	as long as short
Hyperliquid MANTA	+0.0411%	1h	0.07046	+0.327%	$470K	$222K	3x	as long as short