Funding arb · Price arb /

MARA

RWAall MARA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX0.000%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$464as in the Funding arb table

Net, price: spread back to 7d avg − costs−$399as in the Price arb table

costs, in and out, $10k−$3913.912% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.730%−$73 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg +0.077%

Together, before fees−0.730%−$73 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: Bybit is 0.077% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MARA-USDT-SWAP	13.130	0	get 0.0000% / 8h	2h 50m	$61K	$187K	20x
Short	Bybit MARAUSDT	13.130	0	get 0.0000% / 8h	2h 50m	$258K	$137K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.077%: −$7.69
Slippage, 4 orders: −$370.16
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$398.85
Costs to cover: 3.912%
Break-even: never at this rate

Slippage from OKX: live order book, 59 min ago; Bybit: live order book, 45 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, 59 min ago	7.59 bp	127.0 bp −$127	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 45 min ago	3.80 bp	73.6 bp −$74	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
edgeX MARAUSDC	−0.0431%	4h	13.133	+0.023%	$15K	$313K	10x	as long as short
Binance MARAUSDT	0.0000%	8h	13.135	+0.036%	$178K	$473K	20x	as long as short
Bybit MARAUSDTshort	0.0000%	8h	13.130	0.000%	$258K	$137K	25x
OKX MARA-USDT-SWAPlong	0.0000%	8h	13.130	long leg	$61K	$187K	20x
Gate MARA_USDT	0.0000%	8h	13.160	+0.228%	$30K	$22K	20x	as long as short
Bitget MARAUSDT	0.0000%	8h	13.146	+0.122%	$97K	$2.9M	20x	as long as short
HTX MARA-USDT	0.0000%	8h	13.140	+0.076%	$5K	$267K	20x	as long as short
Phemex MARAUSDT	0.0000%	8h	13.160	+0.228%	$376K	$38K	20x	as long as short
Extended MARA-USD	+0.0040%	1h	13.321	+1.455%	$1K	—	5x	as long as short
KuCoin MARAUSDTM	+0.0100%	8h	13.160	+0.228%	$30K	$2.9M	20x	as long as short