MARA

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.64 per $10,000 · paid last 24h −0.008%

Price spread now: Bitget against Bybit−0.223%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$266as in the Price arb table

costs, in and out, $10k−$2522.523% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.750%+$75 on $10k

Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.223%, 7d avg −0.087%

Together, before fees+0.947%+$95 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.136% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.087%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.750%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MARAUSDT	13.030	0	get 0.0000% / 8h	7h 53m	$263K	$140K	25x
Short	Bitget MARAUSDT	13.001	−0.0064	pay 0.0064% / 8h	7h 53m	$90K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.223%Rate

Funding earned: −$13.44
Price spread: −0.223% → −0.087%: −$13.55
Slippage, 4 orders: −$229.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$279.33
Costs to cover: 2.523%
Break-even: never at this rate

Slippage from Bybit: live order book, 27 min ago; Bitget: live order book, 4 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 Bybit live order book, 27 min ago	7.67 bp	84.7 bp −$85	1096.4 bp −$11.0K	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	30.70 bp	44.0 bp −$44	50.6 bp −$506	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	−0.0158%	4h	13.028	−0.012%	$15K	$311K	10x	as long as short
Bitget MARAUSDTshort	−0.0064%	8h	13.001	−0.223%	$90K	$2.8M	20x
Binance MARAUSDT	0.0000%	8h	13.019	−0.087%	$176K	$479K	20x	as long as short
Bybit MARAUSDTlong	0.0000%	8h	13.030	long leg	$263K	$140K	25x
OKX MARA-USDT-SWAP	0.0000%	8h	13.010	−0.153%	$60K	$184K	20x	as long as short
Gate MARA_USDT	0.0000%	8h	13.043	+0.100%	$30K	$13K	20x	as long as short
HTX MARA-USDT	0.0000%	8h	13.020	−0.077%	$5K	$255K	20x	as long as short
Phemex MARAUSDT	0.0000%	8h	13.020	−0.077%	$373K	$38K	20x	as long as short
Extended MARA-USD	+0.0040%	1h	13.000	−0.230%	$1K	—	5x	as long as short
KuCoin MARAUSDTM	+0.0100%	8h	13.003	−0.207%	$26K	$2.9M	20x	as long as short