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: Phemex against KuCoin+0.023%7-day average +0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$565as in the Funding arb table

Net, price: spread back to 7d avg − costs−$554as in the Price arb table

costs, in and out, $10k−$5445.436% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.153%+$15 · spread now +0.023%, 7d avg +0.125%

Together, before fees−0.057%−$6 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 Phemex is 0.102% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.125%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MARAUSDTM	13.127	0.0100	pay 0.0100% / 8h	1h 53m	$30K	$2.9M	20x
Short	Phemex MARAUSDT	13.130	0	get 0.0000% / 8h	1h 53m	$375K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$21
Price spread: +0.023% → +0.125%: −$10.23
Slippage, 4 orders: −$519.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$574.86
Costs to cover: 5.436%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Phemex: live order book, 54 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	7.61 bp	176.4 bp −$176	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 54 min ago	3.80 bp	102.2 bp −$102	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	−0.0245%	8h	13.098	−0.221%	$97K	$2.9M	20x	as long as short
Binance MARAUSDT	0.0000%	8h	13.120	−0.053%	$177K	$473K	20x	as long as short
Bybit MARAUSDT	0.0000%	8h	13.120	−0.053%	$257K	$138K	25x	as long as short
OKX MARA-USDT-SWAP	0.0000%	8h	13.130	+0.023%	$61K	$187K	20x	as long as short
Gate MARA_USDT	0.0000%	8h	13.148	+0.160%	$30K	$14K	20x	as long as short
HTX MARA-USDT	0.0000%	8h	13.130	+0.023%	$5K	$264K	20x	as long as short
Phemex MARAUSDTshort	0.0000%	8h	13.130	+0.023%	$375K	$38K	20x
edgeX MARAUSDC	+0.0036%	4h	13.120	−0.052%	$15K	$312K	10x	as long as short
Extended MARA-USD	+0.0040%	1h	13.321	+1.478%	$1K	—	5x	as long as short
KuCoin MARAUSDTMlong	+0.0100%	8h	13.127	long leg	$30K	$2.9M	20x