Funding arb · Price arb /

MARA

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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: Gate against Phemex+0.091%49s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.091% dearer against Phemex than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex MARAUSDT	13.140	0	get 0.0000% / 8h	2h 02m	$375K	$38K	20x
Short	Gate MARA_USDT	13.152	0	get 0.0000% / 8h	2h 02m	$30K	$23K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → 0.000%: $9.13
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$17.87
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 45 min ago; Gate: no order-book sample. Net counts fees only.

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 Phemex live order book, 45 min ago	3.80 bp	68.9 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0832%	4h	13.134	−0.043%	$15K	$313K	10x	as long as short
Bitget MARAUSDT	−0.0266%	8h	13.113	−0.205%	$97K	$2.9M	20x	as long as short
Binance MARAUSDT	0.0000%	8h	13.125	−0.115%	$177K	$474K	20x	as long as short
Bybit MARAUSDT	0.0000%	8h	13.120	−0.152%	$257K	$137K	25x	as long as short
OKX MARA-USDT-SWAP	0.0000%	8h	13.120	−0.152%	$60K	$186K	20x	as long as short
Gate MARA_USDTshort	0.0000%	8h	13.152	+0.091%	$30K	$23K	20x
HTX MARA-USDT	0.0000%	8h	13.110	−0.228%	$5K	$264K	20x	as long as short
Phemex MARAUSDTlong	0.0000%	8h	13.140	long leg	$375K	$38K	20x
Extended MARA-USD	+0.0040%	1h	13.321	+1.377%	$1K	—	5x	as long as short
KuCoin MARAUSDTM	+0.0100%	8h	13.141	+0.008%	$30K	$2.9M	20x	as long as short