Funding you earn now, next payment 08:00 UTC−0.0209%/8h= −22.9% APRnext payment −$2.09 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance−0.145%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1291.290% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 2 days (all we have)−0.054%−$5 · spread now −0.145%, 7d avg −0.055%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.090% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.055%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.09 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 | Binance MARAUSDT | 13.090 | 0 | get 0.0000% / 8h | 1h 34m | $175K | $478K | 20x |
| Short | Bitget MARAUSDT | 13.071 | −0.0209 | pay 0.0209% / 8h | 1h 34m | $97K | $2.9M | 20x |
Binance MARAUSDT
Bitget MARAUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$43.89
- Price spread: −0.145% → −0.055%
- −$9.03
- Slippage, 4 orders
- −$106.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$181.89
- Costs to cover
- 1.290%
- Break-even
- never at this rate
Slippage from Binance: live order book, 57 min ago; Bitget: live order book, 3 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, 57 min ago | 7.66 bp | 22.5 bp −$22 | 123.8 bp −$1,238 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 27.51 bp | 38.8 bp −$39 | 53.3 bp −$533 | doesn't fit | doesn't fit |
MARA on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MARAUSDTshort | −0.0209% | 8h | 13.071 | −0.145% | $97K | $2.9M | 20x | |
| Binance MARAUSDTlong | 0.0000% | 8h | 13.090 | long leg | $175K | $478K | 20x | |
| Bybit MARAUSDT | 0.0000% | 8h | 13.090 | 0.000% | $257K | $137K | 25x | as long as short |
| OKX MARA-USDT-SWAP | 0.0000% | 8h | 13.100 | +0.076% | $60K | $186K | 20x | as long as short |
| Gate MARA_USDT | 0.0000% | 8h | 13.112 | +0.168% | $30K | $14K | 20x | as long as short |
| HTX MARA-USDT | 0.0000% | 8h | 13.080 | −0.076% | $5K | $262K | 20x | as long as short |
| Phemex MARAUSDT | 0.0000% | 8h | 13.090 | 0.000% | $374K | $38K | 20x | as long as short |
| Extended MARA-USD | +0.0040% | 1h | 13.321 | +1.765% | $1K | — | 5x | as long as short |
| KuCoin MARAUSDTM | +0.0100% | 8h | 13.095 | +0.038% | $30K | $2.9M | 20x | as long as short |
| edgeX MARAUSDC | +0.0320% | 4h | 13.109 | +0.142% | $15K | $313K | 10x | as long as short |
Bybit MARAUSDT
OKX MARA-USDT-SWAP
Gate MARA_USDT
HTX MARA-USDT
Phemex MARAUSDT
Extended MARA-USD
KuCoin MARAUSDTM
edgeX MARAUSDC