Funding arb · Price arb /

MARA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against HTX−0.077%7-day average +0.062% · you buy dearer than you sell

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

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.378%+$38 · spread now −0.077%, 7d avg +0.062%

Together, before fees+0.378%+$38 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: Phemex is 0.139% cheaper against HTX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MARA-USDT	13.020	0	get 0.0000% / 8h	7h 44m	$5K	$255K	20x
Short	Phemex MARAUSDT	13.010	0	get 0.0000% / 8h	7h 44m	$372K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → +0.062%: −$13.9
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$37.9
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 53 min ago; Phemex: live order book, 53 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, 53 min ago	76.86 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 53 min ago	7.64 bp	76.2 bp −$76	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
edgeX MARAUSDC	−0.0067%	4h	13.021	+0.011%	$15K	$312K	10x	as long as short
Bitget MARAUSDT	−0.0041%	8h	12.984	−0.276%	$90K	$2.8M	20x	as long as short
Binance MARAUSDT	0.0000%	8h	13.010	−0.077%	$175K	$479K	20x	as long as short
Bybit MARAUSDT	0.0000%	8h	13.010	−0.077%	$263K	$142K	25x	as long as short
OKX MARA-USDT-SWAP	0.0000%	8h	12.990	−0.230%	$60K	$184K	20x	as long as short
Gate MARA_USDT	0.0000%	8h	13.027	+0.054%	$30K	$13K	20x	as long as short
HTX MARA-USDTlong	0.0000%	8h	13.020	long leg	$5K	$255K	20x
Phemex MARAUSDTshort	0.0000%	8h	13.010	−0.077%	$372K	$38K	20x
Extended MARA-USD	+0.0040%	1h	12.980	−0.307%	$1K	—	5x	as long as short
KuCoin MARAUSDTM	+0.0100%	8h	13.019	−0.008%	$25K	$2.9M	20x	as long as short