Funding arb · Price arb /

MARA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: Extended against HTX+1.609%7-day average — · you sell dearer than you buy

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

Long on HTX 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 1.609% dearer against HTX than usual: you sell high and buy low: +$161 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MARA-USDT	13.110	0	get 0.0000% / 8h	2h 11m	$5K	$264K	20x
Short	Extended MARA-USD	13.321	0.0040	get 0.0005% / 1h	11m 43s	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +1.609%Rate

Funding earned: $8.4
Price spread: +1.609% → 0.000%: $160.95
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $152.35
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: HTX: live order book, 35 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 HTX live order book, 35 min ago	38.08 bp	doesn't fit	doesn't fit	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
Bitget MARAUSDT	−0.0306%	8h	13.092	−0.137%	$97K	$2.9M	20x	as long as short
Binance MARAUSDT	0.0000%	8h	13.127	+0.127%	$177K	$473K	20x	as long as short
Bybit MARAUSDT	0.0000%	8h	13.140	+0.229%	$258K	$137K	25x	as long as short
OKX MARA-USDT-SWAP	0.0000%	8h	13.100	−0.076%	$60K	$186K	20x	as long as short
Gate MARA_USDT	0.0000%	8h	13.119	+0.069%	$30K	$22K	20x	as long as short
HTX MARA-USDTlong	0.0000%	8h	13.110	long leg	$5K	$264K	20x
Phemex MARAUSDT	0.0000%	8h	13.110	0.000%	$375K	$38K	20x	as long as short
Extended MARA-USDshort	+0.0040%	1h	13.321	+1.609%	$1K	—	5x
KuCoin MARAUSDTM	+0.0100%	8h	13.123	+0.099%	$31K	$2.9M	20x	as long as short
edgeX MARAUSDC	+0.0639%	4h	13.094	−0.119%	$15K	$314K	10x	as long as short