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Funding arb · Price arb /

MARA

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Alert: funding
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Alert: spread
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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: Bybit against Bitget+0.015%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$310as in the Funding arb table
Net, price: spread back to 7d avg − costs−$243as in the Price arb table
costs, in and out, $10k−$2362.355% of the position
Long on BitgetShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.746%−$75 on $10k
Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.015%, 7d avg +0.086%
Together, before fees−0.740%−$74 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.071% cheaper against Bitget than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.086%). If the spread goes back, that is −$7 on $10k: about 27 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.746%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MARAUSDT13.098−0.0209get 0.0209% / 8h1h 36m$97K$2.9M20x
ShortBybit MARAUSDT13.1000get 0.0000% / 8h1h 36m$256K$137K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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

Funding earned
$43.89
Price spread: +0.015% → +0.086%
−$7.09
Slippage, 4 orders
−$212.52
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$198.73
Costs to cover
2.355%
Break-even
38.7 days
Slippage from Bitget: live order book, 6 min ago; Bybit: live order book, 53 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 6 min ago31.32 bp37.7 bp −$3840.9 bp −$409doesn't fitdoesn't fit
Sell Bybit live order book, 53 min ago3.83 bp61.9 bp −$62doesn't fitdoesn't fitdoesn't fit

MARA on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MARAUSDC−0.0635%4h13.108+0.074%$15K$312K10xas long as short
Bitget MARAUSDTlong−0.0209%8h13.098long leg$97K$2.9M20x
Binance MARAUSDT0.0000%8h13.110+0.092%$175K$478K20xas long as short
Bybit MARAUSDTshort0.0000%8h13.100+0.015%$256K$137K25x
OKX MARA-USDT-SWAP0.0000%8h13.100+0.015%$60K$186K20xas long as short
Gate MARA_USDT0.0000%8h13.113+0.115%$30K$14K20xas long as short
HTX MARA-USDT0.0000%8h13.080−0.137%$5K$263K20xas long as short
Phemex MARAUSDT0.0000%8h13.100+0.015%$374K$38K20xas long as short
Extended MARA-USD+0.0040%1h13.321+1.703%$1K—5xas long as short
KuCoin MARAUSDTM+0.0100%8h13.104+0.046%$30K$2.9M20xas long as short