Funding arb · Price arb /

MARA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: Extended against Bybit−0.030%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.030% cheaper against Bybit than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MARAUSDT	13.160	0	get 0.0000% / 8h	6h 57m	$261K	$136K	25x
Short	Extended MARA-USD	13.156	0.0040	get 0.0005% / 1h	57m 48s	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.030%Rate

Funding earned: $8.4
Price spread: −0.030% → 0.000%: −$3.04
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.64
Costs to cover: 0.160%
Break-even: 15.9 days

Slippage unknown: Bybit: live order book, 17 min ago; Extended: no order-book sample. Net counts fees only.

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, 17 min ago	3.82 bp	72.4 bp −$72	776.7 bp −$7,767	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0956%	4h	13.169	+0.066%	$15K	$312K	10x	as long as short
Binance MARAUSDT	0.0000%	8h	13.168	+0.058%	$174K	$479K	20x	as long as short
Bybit MARAUSDTlong	0.0000%	8h	13.160	long leg	$261K	$136K	25x
OKX MARA-USDT-SWAP	0.0000%	8h	13.170	+0.076%	$60K	$184K	20x	as long as short
Gate MARA_USDT	0.0000%	8h	13.180	+0.152%	$30K	$12K	20x	as long as short
Bitget MARAUSDT	0.0000%	8h	13.164	+0.030%	$88K	$2.7M	20x	as long as short
HTX MARA-USDT	0.0000%	8h	13.150	−0.076%	$5K	$252K	20x	as long as short
Phemex MARAUSDT	0.0000%	8h	13.190	+0.228%	$378K	$38K	20x	as long as short
Extended MARA-USDshort	+0.0040%	1h	13.156	−0.030%	$1K	—	5x
KuCoin MARAUSDTM	+0.0100%	8h	13.170	+0.076%	$25K	$2.9M	20x	as long as short