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Funding arb · Price arb /

MARA

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Alert: funding
Measured
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Alert: spread
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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: HTX against Bitget−0.023%46s7-day average −0.085% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BitgetShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.016%−$2 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.023%, 7d avg −0.085%
Together, before fees−0.048%−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and HTX is 0.062% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.085%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MARAUSDT13.113−0.0266get 0.0266% / 8h2h 02m$97K$2.9M20x
ShortHTX MARA-USDT13.1100get 0.0000% / 8h2h 02m$5K$264K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$55.86
Price spread: −0.023% → −0.085%
$6.21
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
$38.07
Costs to cover
0.240%
Break-even
2.2 days
Slippage unknown: Bitget: live order book, 5 min ago; HTX: live order book, 44 min ago. Net counts fees only.

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, 5 min ago31.25 bp40.1 bp −$4051.5 bp −$515doesn't fitdoesn't fit
Sell HTX live order book, 44 min ago38.08 bpdoesn't fitdoesn'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−0.0832%4h13.134+0.163%$15K$313K10xas long as short
Bitget MARAUSDTlong−0.0266%8h13.113long leg$97K$2.9M20x
Binance MARAUSDT0.0000%8h13.125+0.091%$177K$474K20xas long as short
Bybit MARAUSDT0.0000%8h13.120+0.053%$257K$137K25xas long as short
OKX MARA-USDT-SWAP0.0000%8h13.120+0.053%$60K$186K20xas long as short
Gate MARA_USDT0.0000%8h13.152+0.297%$30K$23K20xas long as short
HTX MARA-USDTshort0.0000%8h13.110−0.023%$5K$264K20x
Phemex MARAUSDT0.0000%8h13.140+0.206%$375K$38K20xas long as short
Extended MARA-USD+0.0040%1h13.321+1.586%$1K—5xas long as short
KuCoin MARAUSDTM+0.0100%8h13.141+0.214%$30K$2.9M20xas long as short