MARA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Binance against KuCoin+0.046%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$417as in the Funding arb table

Net, price: spread back to 7d avg − costs−$398as in the Price arb table

costs, in and out, $10k−$3963.956% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 2 days (all we have)+0.407%+$41 · spread now +0.046%, 7d avg +0.072%

Together, before fees+0.197%+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.027% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.072%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MARAUSDTM	13.084	0.0100	pay 0.0100% / 8h	1h 28m	$30K	$2.9M	20x
Short	Binance MARAUSDT	13.090	0	get 0.0000% / 8h	1h 28m	$175K	$478K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.046%Rate

Funding earned: −$21
Price spread: +0.046% → +0.072%: −$2.65
Slippage, 4 orders: −$373.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$419.28
Costs to cover: 3.956%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Binance: live order book, 64 min ago.

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 KuCoin live order book, 9 min ago	4.20 bp	162.7 bp −$163	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 64 min ago	7.66 bp	33.8 bp −$34	95.0 bp −$950	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	−0.0627%	4h	13.096	+0.090%	$15K	$314K	10x	as long as short
Bitget MARAUSDT	−0.0216%	8h	13.071	−0.099%	$97K	$2.9M	20x	as long as short
Binance MARAUSDTshort	0.0000%	8h	13.090	+0.046%	$175K	$478K	20x
Bybit MARAUSDT	0.0000%	8h	13.080	−0.031%	$256K	$137K	25x	as long as short
OKX MARA-USDT-SWAP	0.0000%	8h	13.090	+0.046%	$60K	$186K	20x	as long as short
Gate MARA_USDT	0.0000%	8h	13.100	+0.122%	$30K	$14K	20x	as long as short
HTX MARA-USDT	0.0000%	8h	13.080	−0.031%	$5K	$262K	20x	as long as short
Phemex MARAUSDT	0.0000%	8h	13.080	−0.031%	$374K	$38K	20x	as long as short
Extended MARA-USD	+0.0040%	1h	13.321	+1.811%	$1K	—	5x	as long as short
KuCoin MARAUSDTMlong	+0.0100%	8h	13.084	long leg	$30K	$2.9M	20x