Funding you earn now, next payment 08:00 UTC+0.0266%/8h= +29.1% APRnext payment +$2.66 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget+0.090%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1351.351% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 2 days (all we have)+0.085%+$9 · spread now +0.090%, 7d avg +0.055%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.035% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.055%.
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 +$2.66 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 | Bitget MARAUSDT | 13.113 | −0.0266 | get 0.0266% / 8h | 2h 02m | $97K | $2.9M | 20x |
| Short | Binance MARAUSDT | 13.125 | 0 | get 0.0000% / 8h | 2h 02m | $177K | $474K | 20x |
Bitget MARAUSDT
Binance MARAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $55.86
- Price spread: +0.090% → +0.055%
- $3.53
- Slippage, 4 orders
- −$113.07
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$75.68
- Costs to cover
- 1.351%
- Break-even
- 16.5 days
Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 29 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 Bitget live order book, 5 min ago | 31.25 bp | 40.1 bp −$40 | 51.5 bp −$515 | doesn't fit | doesn't fit |
| Sell Binance live order book, 29 min ago | 7.66 bp | 33.8 bp −$34 | 95.0 bp −$950 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MARAUSDC | −0.0832% | 4h | 13.134 | +0.163% | $15K | $313K | 10x | as long as short |
| Bitget MARAUSDTlong | −0.0266% | 8h | 13.113 | long leg | $97K | $2.9M | 20x | |
| Binance MARAUSDTshort | 0.0000% | 8h | 13.125 | +0.090% | $177K | $474K | 20x | |
| Bybit MARAUSDT | 0.0000% | 8h | 13.120 | +0.053% | $257K | $137K | 25x | as long as short |
| OKX MARA-USDT-SWAP | 0.0000% | 8h | 13.120 | +0.053% | $60K | $186K | 20x | as long as short |
| Gate MARA_USDT | 0.0000% | 8h | 13.152 | +0.297% | $30K | $23K | 20x | as long as short |
| HTX MARA-USDT | 0.0000% | 8h | 13.110 | −0.023% | $5K | $264K | 20x | as long as short |
| Phemex MARAUSDT | 0.0000% | 8h | 13.140 | +0.206% | $375K | $38K | 20x | as long as short |
| Extended MARA-USD | +0.0040% | 1h | 13.321 | +1.586% | $1K | — | 5x | as long as short |
| KuCoin MARAUSDTM | +0.0100% | 8h | 13.140 | +0.206% | $30K | $2.9M | 20x | as long as short |
edgeX MARAUSDC
Bybit MARAUSDT
OKX MARA-USDT-SWAP
Gate MARA_USDT
HTX MARA-USDT
Phemex MARAUSDT
Extended MARA-USD
KuCoin MARAUSDTM