MARA

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0138%/8h= −15.1% APRnext payment −$1.38 per $10,000 · paid last 24h −0.038%

Price spread now: Bitget against KuCoin−0.315%7-day average +0.174% · you buy dearer than you sell

Net, funding: paid 7d − costs−$481as in the Funding arb table

Net, price: spread back to 7d avg − costs−$511as in the Price arb table

costs, in and out, $10k−$4624.616% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 7 days+0.741%+$74 · spread now −0.315%, 7d avg +0.174%

Together, before fees+0.552%+$55 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.489% cheaper against KuCoin than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of +0.174%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MARAUSDTM	13.013	0.0100	pay 0.0100% / 8h	7h 43m	$25K	$2.9M	20x
Short	Bitget MARAUSDT	12.972	−0.0038	pay 0.0038% / 8h	7h 43m	$90K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.315%Rate

Funding earned: −$28.98
Price spread: −0.315% → +0.174%: −$48.91
Slippage, 4 orders: −$437.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$539.54
Costs to cover: 4.616%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bitget: live order book, 4 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, 3 min ago	9.58 bp	210.7 bp −$211	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	18.45 bp	26.8 bp −$27	31.4 bp −$314	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	+0.065%	$15K	$312K	10x	as long as short
Bitget MARAUSDTshort	−0.0038%	8h	12.972	−0.315%	$90K	$2.8M	20x
Binance MARAUSDT	0.0000%	8h	12.990	−0.177%	$175K	$479K	20x	as long as short
Bybit MARAUSDT	0.0000%	8h	13.010	−0.023%	$263K	$142K	25x	as long as short
OKX MARA-USDT-SWAP	0.0000%	8h	12.980	−0.254%	$60K	$184K	20x	as long as short
Gate MARA_USDT	0.0000%	8h	13.008	−0.038%	$30K	$13K	20x	as long as short
HTX MARA-USDT	0.0000%	8h	13.020	+0.054%	$5K	$255K	20x	as long as short
Phemex MARAUSDT	0.0000%	8h	13.010	−0.023%	$372K	$38K	20x	as long as short
Extended MARA-USD	+0.0040%	1h	12.980	−0.254%	$1K	—	5x	as long as short
KuCoin MARAUSDTMlong	+0.0100%	8h	13.013	long leg	$25K	$2.9M	20x