Funding arb · Price arb /

MANTRA

all MANTRA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.067%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1081.078% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.067%, 7d avg +0.027%

Together, before fees+0.103%+$10 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: Bitget is 0.041% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MANTRAUSDT	0.004452	0.0100	pay 0.0050% / 4h	2h 46m	$2.0M	$3.9M	50x
Short	Bitget MANTRAUSDT	0.004455	0.0100	get 0.0050% / 4h	2h 46m	$937K	$432K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.027%: $4.07
Slippage, 4 orders: −$85.85
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$103.78
Costs to cover: 1.078%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Bitget: live order book, 39 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 Binance live order book, 5 min ago	1.12 bp	23.6 bp −$24	205.2 bp −$2,052	doesn't fit	doesn't fit
Sell Bitget live order book, 39 min ago	4.47 bp	28.5 bp −$28	155.5 bp −$1,555	doesn't fit	doesn't fit

MANTRA on 8 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
BloFin MANTRA-USDT	+0.0043%	4h	0.004452	0.000%	$136K	$31K	50x	as long as short
Aster MANTRAUSDT	+0.0100%	4h	0.004452	+0.001%	$22K	$20K	5x	as long as short
Binance MANTRAUSDTlong	+0.0100%	4h	0.004452	long leg	$2.0M	$3.9M	50x
Gate MANTRA_USDT	+0.0100%	4h	0.004455	+0.067%	$197K	$224K	50x	as long as short
MEXC MANTRA_USDT	+0.0100%	4h	0.004452	0.000%	$1.3M	$226K	50x	as long as short
KuCoin MANTRAUSDTM	+0.0100%	4h	0.004450	−0.045%	$499K	$60K	50x	as long as short
Bitget MANTRAUSDTshort	+0.0100%	4h	0.004455	+0.067%	$937K	$432K	50x
BingX MANTRA-USDT	+0.0100%	4h	0.004451	−0.022%	—	$1.7M	—	as long as short