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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+0.0366%/8h= +40.1% APRnext payment +$3.66 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Bitget+0.214%7-day average −0.177% · you sell dearer than you buy
Net, funding: paid 7d − costs−$427as in the Funding arb table
Net, price: spread back to 7d avg − costs−$408as in the Price arb table
costs, in and out, $10k−$4474.466% of the position
Long on BitgetShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.194%+$19 on $10k
Price spread, last 7 days−0.461%−$46 · spread now +0.214%, 7d avg −0.177%
Together, before fees−0.268%−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and KuCoin is 0.390% dearer against Bitget than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of −0.177%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.194% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.66 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
ShortKuCoin MARAUSDTM13.1410.0100get 0.0100% / 8h2h 02m$30K$2.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$76.86
Price spread: +0.214% → −0.177%
$39.02
Slippage, 4 orders
−$422.61
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$330.73
Costs to cover
4.466%
Break-even
37.1 days
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago31.25 bp40.1 bp −$4051.5 bp −$515doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago9.89 bp192.6 bp −$193doesn'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-USDT0.0000%8h13.110−0.023%$5K$264K20xas long as short
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 MARAUSDTMshort+0.0100%8h13.141+0.214%$30K$2.9M20x