Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.49 per $10,000 · paid last 24h −0.024%
Price spread now: OKX against Bitget−0.196%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$840.837% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.196%, 7d avg −0.129%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.067% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.129%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MANAUSDT | 0.08522 | 0.0100 | pay 0.0100% / 8h | 2h 07m | $1.6M | $446K | 25x |
| Short | OKX MANA-USDT-SWAP | 0.08505 | 0.0051 | get 0.0051% / 8h | 2h 07m | $632K | $1.7M | 20x |
Bitget MANAUSDT
OKX MANA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.3
- Price spread: −0.196% → −0.129%
- −$6.71
- Slippage, 4 orders
- −$61.73
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$100.74
- Costs to cover
- 0.837%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 9 min ago; OKX: live order book, 5 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 Bitget live order book, 9 min ago | 9.55 bp | 17.3 bp −$17 | 43.6 bp −$436 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.76 bp | 23.8 bp −$24 | 128.2 bp −$1,282 | doesn't fit | doesn't fit |
MANA on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MANA | −0.0426% | 8h | 0.08501 | −0.240% | $83K | $3K | — | as long as short |
| Injective MANA/USDC PERP | +0.0033% | 1h | 0.08580 | +0.684% | $1K | $279 | 5.5x | as long as short |
| BingX MANA-USDT | +0.0049% | 8h | 0.08508 | −0.161% | — | $2.4M | — | as long as short |
| OKX MANA-USDT-SWAPshort | +0.0051% | 8h | 0.08505 | −0.196% | $632K | $1.7M | 20x | |
| BloFin MANA-USDT | +0.0097% | 8h | 0.08509 | −0.149% | $172K | $41K | 20x | as long as short |
| Aster MANAUSDT | +0.0100% | 8h | 0.08510 | −0.137% | $8K | $7K | 5x | as long as short |
| Binance MANAUSDT | +0.0100% | 8h | 0.08512 | −0.114% | $3.4M | $4.9M | 75x | as long as short |
| Bybit MANAUSDT | +0.0100% | 8h | 0.08501 | −0.243% | $2.7M | $758K | 75x | as long as short |
| Gate MANA_USDT | +0.0100% | 8h | 0.08524 | +0.027% | $304K | $231K | 75x | as long as short |
| MEXC MANA_USDT | +0.0100% | 8h | 0.08512 | −0.114% | $12.7M | $664K | 200x | as long as short |
Variational Omni MANA
Injective MANA/USDC PERP
BingX MANA-USDT
BloFin MANA-USDT
Aster MANAUSDT
Binance MANAUSDT
Bybit MANAUSDT
Gate MANA_USDT
MEXC MANA_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MANAUSDTM | +0.0100% | 8h | 0.08520 | −0.020% | $1.7M | $67K | 50x | as long as short |
| Bitget MANAUSDTlong | +0.0100% | 8h | 0.08522 | long leg | $1.6M | $446K | 25x | |
| Kraken Futures PF_MANAUSD | +0.0174% | 1h | 0.08520 | −0.023% | $97K | $53K | 20x | as long as short |
KuCoin MANAUSDTM
Kraken Futures PF_MANAUSD