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: KuCoin against Phemex+0.076%7-day average −0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$507as in the Funding arb table

Net, price: spread back to 7d avg − costs−$509as in the Price arb table

costs, in and out, $10k−$5285.284% of the position

Long on Phemex Short on KuCoin

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)−0.252%−$25 · spread now +0.076%, 7d avg −0.122%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.198% dearer against Phemex than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex MARAUSDT	13.180	0	get 0.0000% / 8h	4h 44m	$379K	$37K	20x
Short	KuCoin MARAUSDTM	13.190	0.0100	get 0.0100% / 8h	4h 44m	$26K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.076%Rate

Funding earned: $21
Price spread: +0.076% → −0.122%: $19.79
Slippage, 4 orders: −$504.38
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$487.59
Costs to cover: 5.284%
Break-even: 169.5 days

Slippage from Phemex: live order book, 61 min ago; KuCoin: live order book, 6 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 Phemex live order book, 61 min ago	3.78 bp	74.3 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	9.10 bp	235.0 bp −$235	doesn't fit	doesn't fit	doesn't fit

MARA on 10 exchanges

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	−0.0050%	4h	13.179	−0.005%	$15K	$310K	10x	as long as short
Binance MARAUSDT	0.0000%	8h	13.181	+0.005%	$184K	$451K	20x	as long as short
Bybit MARAUSDT	0.0000%	8h	13.190	+0.076%	$262K	$113K	25x	as long as short
OKX MARA-USDT-SWAP	0.0000%	8h	13.180	0.000%	$60K	$178K	10x	as long as short
Gate MARA_USDT	0.0000%	8h	13.205	+0.190%	$30K	$12K	20x	as long as short
Bitget MARAUSDT	0.0000%	8h	13.184	+0.030%	$85K	$1.9M	20x	as long as short
HTX MARA-USDT	0.0000%	8h	13.170	−0.076%	$5K	$243K	20x	as long as short
Phemex MARAUSDTlong	0.0000%	8h	13.180	long leg	$379K	$37K	20x
Extended MARA-USD	+0.0040%	1h	13.174	−0.046%	$1K	—	5x	as long as short
KuCoin MARAUSDTMshort	+0.0100%	8h	13.190	+0.076%	$26K	$3.0M	20x