Settings8H · net · $10k
Funding arb · Price arb /

MARA

RWAall MARA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0314%/8h= +34.4% APRpaid last 24h +0.004%
Price spread now: Bitget against edgeX−0.016%54s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1911.905% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.257%+$26 on $10k
Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.016%, 7d avg +0.006%
Together, before fees+0.254%+ Points / potential airdropedgeX: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.022% cheaper against edgeX than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.006%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.257% in total) that is about 14 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX MARAUSDC13.176−0.0314get 0.0157% / 4h2h 20m$15K$310K10x
ShortBitget MARAUSDT13.1740get 0.0000% / 8h6h 20m$88K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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
$65.97
Price spread: −0.016% → +0.006%
−$2.17
Slippage, 4 orders
−$169.52
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$126.71
Costs to cover
1.905%
Break-even
20.4 days
Slippage from edgeX: live order book, 30 min ago; Bitget: 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 edgeX live order book, 30 min ago19.02 bp61.6 bp −$62doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago28.48 bp41.8 bp −$4263.3 bp −$633doesn't fitdoesn't fit

MARA on 10 exchanges

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 MARAUSDClong−0.0314%4h13.176long leg$15K$310K10x
Binance MARAUSDT0.0000%8h13.180+0.030%$179K$462K20xas long as short
Bybit MARAUSDT0.0000%8h13.190+0.106%$262K$117K25xas long as short
OKX MARA-USDT-SWAP0.0000%8h13.190+0.106%$60K$180K20xas long as short
Gate MARA_USDT0.0000%8h13.201+0.189%$30K$12K20xas long as short
Bitget MARAUSDTshort0.0000%8h13.174−0.016%$88K$2.4M20x
HTX MARA-USDT0.0000%8h13.170−0.046%$5K$250K20xas long as short
Phemex MARAUSDT0.0000%8h13.190+0.106%$378K$37K20xas long as short
Extended MARA-USD+0.0040%1h13.170−0.045%$1K5xas long as short
KuCoin MARAUSDTM+0.0100%8h13.184+0.060%$25K$3.0M20xas long as short