MARA

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin0.000%7-day average +0.224% · you sell dearer than you buy

Net, funding: paid 7d − costs−$649as in the Funding arb table

Net, price: spread back to 7d avg − costs−$577as in the Price arb table

costs, in and out, $10k−$5555.547% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.940%−$94 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now 0.000%, 7d avg +0.224%

Together, before fees−0.884%−$88 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 Bybit is 0.224% cheaper against KuCoin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.224%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MARAUSDTM	13.000	0.0100	pay 0.0100% / 8h	7h 42m	$26K	$2.9M	20x
Short	Bybit MARAUSDT	13.000	0	get 0.0000% / 8h	7h 42m	$263K	$141K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → +0.224%: −$22.41
Slippage, 4 orders: −$531.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$598.11
Costs to cover: 5.547%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 37 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, 4 min ago	9.58 bp	210.7 bp −$211	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 37 min ago	7.67 bp	62.7 bp −$63	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
Bitget MARAUSDT	−0.0038%	8h	12.973	−0.208%	$90K	$2.8M	20x	as long as short
Binance MARAUSDT	0.0000%	8h	12.980	−0.154%	$175K	$479K	20x	as long as short
Bybit MARAUSDTshort	0.0000%	8h	13.000	0.000%	$263K	$141K	25x
OKX MARA-USDT-SWAP	0.0000%	8h	12.980	−0.154%	$60K	$184K	20x	as long as short
Gate MARA_USDT	0.0000%	8h	13.001	+0.008%	$30K	$13K	20x	as long as short
HTX MARA-USDT	0.0000%	8h	12.970	−0.231%	$5K	$254K	20x	as long as short
Phemex MARAUSDT	0.0000%	8h	12.990	−0.077%	$372K	$38K	20x	as long as short
Extended MARA-USD	+0.0040%	1h	12.976	−0.185%	$1K	—	5x	as long as short
KuCoin MARAUSDTMlong	+0.0100%	8h	13.000	long leg	$26K	$2.9M	20x
edgeX MARAUSDC	+0.0349%	4h	13.022	+0.172%	$15K	$313K	10x	as long as short