Funding arb · Price arb /

MARA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.018%

Price spread now: KuCoin against Extended−1.644%7-day average — · you buy dearer than you sell

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

Long on Extended Short on KuCoin

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. KuCoin is 1.644% cheaper against Extended than usual: you would sell low and buy high (spread −1.644% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$164 on $10k: about 3 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MARA-USD	13.321	0.0040	pay 0.0005% / 1h	18m 41s	$1K	—	5x
Short	KuCoin MARAUSDTM	13.102	0.0100	get 0.0100% / 8h	1h 18m	$30K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −1.644%Rate

Funding earned: $12.6
Price spread: −1.644% → 0.000%: −$164.4
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$168.8
Costs to cover: 0.170%
Break-even: 100.8 days

Slippage unknown: Extended: no order-book sample; KuCoin: live order book, 8 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 8 min ago	7.26 bp	173.2 bp −$173	doesn't fit	doesn't fit	doesn't fit

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
Bitget MARAUSDT	−0.0201%	8h	13.089	−1.742%	$97K	$2.9M	20x	as long as short
Binance MARAUSDT	0.0000%	8h	13.100	−1.658%	$175K	$476K	20x	as long as short
Bybit MARAUSDT	0.0000%	8h	13.100	−1.659%	$257K	$137K	25x	as long as short
OKX MARA-USDT-SWAP	0.0000%	8h	13.110	−1.584%	$60K	$186K	20x	as long as short
Gate MARA_USDT	0.0000%	8h	13.112	−1.569%	$30K	$14K	20x	as long as short
HTX MARA-USDT	0.0000%	8h	13.090	−1.734%	$5K	$262K	20x	as long as short
Phemex MARAUSDT	0.0000%	8h	13.080	−1.809%	$374K	$38K	20x	as long as short
Extended MARA-USDlong	+0.0040%	1h	13.321	long leg	$1K	—	5x
KuCoin MARAUSDTMshort	+0.0100%	8h	13.102	−1.644%	$30K	$2.9M	20x
edgeX MARAUSDC	+0.0433%	4h	13.090	−1.734%	$15K	$312K	10x	as long as short