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: Binance against OKX+0.210%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$276as in the Funding arb table

Net, price: spread back to 7d avg − costs−$262as in the Price arb table

costs, in and out, $10k−$2762.763% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 2 days (all we have)−0.022%−$2 · spread now +0.210%, 7d avg +0.066%

Together, before fees−0.022%−$2 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: Binance is 0.143% dearer against OKX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MARA-USDT-SWAP	12.990	0	get 0.0000% / 8h	7h 44m	$60K	$184K	20x
Short	Binance MARAUSDT	13.017	0	get 0.0000% / 8h	7h 44m	$175K	$478K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.210%Rate

Funding earned: $0
Price spread: +0.210% → +0.066%: $14.33
Slippage, 4 orders: −$256.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$261.95
Costs to cover: 2.763%
Break-even: never at this rate

Slippage from OKX: live order book, 51 min ago; Binance: live order book, 17 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 OKX live order book, 51 min ago	7.66 bp	132.3 bp −$132	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 17 min ago	3.83 bp	31.7 bp −$32	85.3 bp −$853	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	+0.242%	$15K	$312K	10x	as long as short
Bitget MARAUSDT	−0.0041%	8h	12.988	−0.015%	$90K	$2.8M	20x	as long as short
Binance MARAUSDTshort	0.0000%	8h	13.017	+0.210%	$175K	$478K	20x
Bybit MARAUSDT	0.0000%	8h	13.010	+0.154%	$263K	$142K	25x	as long as short
OKX MARA-USDT-SWAPlong	0.0000%	8h	12.990	long leg	$60K	$184K	20x
Gate MARA_USDT	0.0000%	8h	13.027	+0.285%	$30K	$13K	20x	as long as short
HTX MARA-USDT	0.0000%	8h	13.010	+0.154%	$5K	$254K	20x	as long as short
Phemex MARAUSDT	0.0000%	8h	13.020	+0.231%	$373K	$38K	20x	as long as short
Extended MARA-USD	+0.0040%	1h	12.986	−0.034%	$1K	—	5x	as long as short
KuCoin MARAUSDTM	+0.0100%	8h	13.021	+0.239%	$25K	$2.9M	20x	as long as short