Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin−0.022%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$2222.223% of the position
Funding, last 7 days+0.605%+$61 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.022%, 7d avg +0.027%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.049% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.605%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MANTRAUSDTM | 0.004494 | 0.0100 | pay 0.0050% / 4h | 3h 42m | $424K | $210K | 50x |
| Short | BingX MANTRA-USDT | 0.004493 | 0.0070 | get 0.0035% / 4h | 3h 42m | — | $1.7M | — |
KuCoin MANTRAUSDTM
BingX MANTRA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- −$6.3
- Price spread: −0.022% → +0.027%
- −$4.92
- Slippage, 4 orders
- −$200.27
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$233.49
- Costs to cover
- 2.223%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 30 min ago; BingX: 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 KuCoin live order book, 30 min ago | 25.85 bp | 84.7 bp −$85 | 380.2 bp −$3,802 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 6.68 bp | 28.9 bp −$29 | 90.9 bp −$909 | 895.6 bp −$89.6K | 1278.8 bp −$639.4K |
MANTRA on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MANTRA-USDT | +0.0056% | 4h | 0.004496 | +0.045% | $132K | $24K | 50x | as long as short |
| BingX MANTRA-USDTshort | +0.0070% | 4h | 0.004493 | −0.022% | — | $1.7M | — | |
| Aster MANTRAUSDT | +0.0100% | 4h | 0.004493 | −0.031% | $22K | $16K | 5x | as long as short |
| Binance MANTRAUSDT | +0.0100% | 4h | 0.004490 | −0.089% | $2.0M | $3.3M | 50x | as long as short |
| MEXC MANTRA_USDT | +0.0100% | 4h | 0.004490 | −0.089% | $1.3M | $220K | 50x | as long as short |
| KuCoin MANTRAUSDTMlong | +0.0100% | 4h | 0.004494 | long leg | $424K | $210K | 50x | |
| Bitget MANTRAUSDT | +0.0100% | 4h | 0.004490 | −0.089% | $933K | $380K | 50x | as long as short |
| Gate MANTRA_USDT | +0.1252% | 4h | 0.004493 | −0.022% | $194K | $111K | 50x | as long as short |
BloFin MANTRA-USDT
Aster MANTRAUSDT
Binance MANTRAUSDT
MEXC MANTRA_USDT
Bitget MANTRAUSDT
Gate MANTRA_USDT