Funding arb · Price arb /

MARA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget+0.145%7-day average +0.011% · 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−$295as in the Price arb table

costs, in and out, $10k−$3083.081% of the position

Long on Bitget Short on OKX

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)−0.132%−$13 · spread now +0.145%, 7d avg +0.011%

Together, before fees−0.148%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.134% dearer against Bitget than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MARAUSDT	13.111	0	get 0.0000% / 8h	2h 51m	$96K	$2.9M	20x
Short	OKX MARA-USDT-SWAP	13.130	0	get 0.0000% / 8h	2h 51m	$61K	$187K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BitgetbpFee OKXbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → +0.011%: $13.43
Slippage, 4 orders: −$286.08
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$294.65
Costs to cover: 3.081%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 58 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, 1 min ago	25.93 bp	32.3 bp −$32	49.1 bp −$491	doesn't fit	doesn't fit
Sell OKX live order book, 58 min ago	7.59 bp	111.8 bp −$112	doesn't fit	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	−0.0573%	4h	13.136	+0.192%	$15K	$313K	10x	as long as short
Binance MARAUSDT	0.0000%	8h	13.134	+0.178%	$178K	$473K	20x	as long as short
Bybit MARAUSDT	0.0000%	8h	13.130	+0.145%	$258K	$137K	25x	as long as short
OKX MARA-USDT-SWAPshort	0.0000%	8h	13.130	+0.145%	$61K	$187K	20x
Gate MARA_USDT	0.0000%	8h	13.155	+0.336%	$30K	$22K	20x	as long as short
Bitget MARAUSDTlong	0.0000%	8h	13.111	long leg	$96K	$2.9M	20x
HTX MARA-USDT	0.0000%	8h	13.120	+0.069%	$5K	$267K	20x	as long as short
Phemex MARAUSDT	0.0000%	8h	13.160	+0.374%	$376K	$38K	20x	as long as short
Extended MARA-USD	+0.0040%	1h	13.321	+1.602%	$1K	—	5x	as long as short
KuCoin MARAUSDTM	+0.0100%	8h	13.159	+0.366%	$30K	$2.9M	20x	as long as short