Funding arb · Price arb /

MARA

RWAall MARA markets

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: Bybit against HTX−0.076%7-day average +0.176% · you buy dearer than you sell

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

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.730%−$73 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.076%, 7d avg +0.176%

Together, before fees−0.528%−$53 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: Bybit is 0.252% cheaper against HTX than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.176%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MARA-USDT	13.170	0	get 0.0000% / 8h	2h 59m	$5K	$268K	20x
Short	Bybit MARAUSDT	13.160	0	get 0.0000% / 8h	2h 59m	$258K	$137K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → +0.176%: −$25.15
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48.15
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 52 min ago; Bybit: live order book, 35 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 HTX live order book, 52 min ago	49.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 35 min ago	3.80 bp	73.6 bp −$74	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
Binance MARAUSDT	0.0000%	8h	13.150	−0.152%	$178K	$473K	20x	as long as short
Bybit MARAUSDTshort	0.0000%	8h	13.160	−0.076%	$258K	$137K	25x
OKX MARA-USDT-SWAP	0.0000%	8h	13.150	−0.152%	$61K	$187K	20x	as long as short
Gate MARA_USDT	0.0000%	8h	13.174	+0.030%	$30K	$22K	20x	as long as short
Bitget MARAUSDT	0.0000%	8h	13.156	−0.106%	$97K	$2.9M	20x	as long as short
HTX MARA-USDTlong	0.0000%	8h	13.170	long leg	$5K	$268K	20x
Phemex MARAUSDT	0.0000%	8h	13.140	−0.228%	$375K	$38K	20x	as long as short
Extended MARA-USD	+0.0040%	1h	13.321	+1.147%	$1K	—	5x	as long as short
KuCoin MARAUSDTM	+0.0100%	8h	13.173	+0.023%	$31K	$2.9M	20x	as long as short
edgeX MARAUSDC	+0.0366%	4h	13.171	+0.008%	$15K	$314K	10x	as long as short