Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.026%
Price spread now: BingX against Bitget−0.132%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$920.919% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 7 days+0.084%+$8 · spread now −0.132%, 7d avg −0.077%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.055% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MANAUSDT | 0.08704 | 0.0100 | pay 0.0100% / 8h | 3h 56m | $1.6M | $475K | 25x |
| Short | BingX MANA-USDT | 0.08692 | 0.0070 | get 0.0070% / 8h | 3h 56m | — | $2.4M | — |
Bitget MANAUSDT
BingX MANA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$6.3
- Price spread: −0.132% → −0.077%
- −$5.54
- Slippage, 4 orders
- −$69.87
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$103.7
- Costs to cover
- 0.919%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 2 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, 5 min ago | 6.38 bp | 18.3 bp −$18 | 62.1 bp −$621 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 5.18 bp | 22.6 bp −$23 | 51.1 bp −$511 | 360.9 bp −$36.1K | 1092.0 bp −$546.0K |
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 | −0.0120% | 8h | 0.08674 | −0.339% | $85K | $3K | — | as long as short |
| Injective MANA/USDC PERP | +0.0033% | 1h | 0.08580 | −1.419% | $1K | $279 | 5.5x | as long as short |
| BingX MANA-USDTshort | +0.0070% | 8h | 0.08692 | −0.132% | — | $2.4M | — | |
| Aster MANAUSDT | +0.0100% | 8h | 0.08699 | −0.056% | $8K | $7K | 5x | as long as short |
| Binance MANAUSDT | +0.0100% | 8h | 0.08694 | −0.109% | $3.5M | $5.5M | 75x | as long as short |
| Bybit MANAUSDT | +0.0100% | 8h | 0.08682 | −0.247% | $2.8M | $858K | 75x | as long as short |
| OKX MANA-USDT-SWAP | +0.0100% | 8h | 0.08689 | −0.167% | $617K | $1.8M | 20x | as long as short |
| Gate MANA_USDT | +0.0100% | 8h | 0.08691 | −0.144% | $311K | $337K | 75x | as long as short |
| MEXC MANA_USDT | +0.0100% | 8h | 0.08693 | −0.121% | $13.2M | $692K | 200x | as long as short |
| KuCoin MANAUSDTM | +0.0100% | 8h | 0.08700 | −0.040% | $1.7M | $69K | 50x | as long as short |
Variational Omni MANA
Injective MANA/USDC PERP
Aster MANAUSDT
Binance MANAUSDT
Bybit MANAUSDT
OKX MANA-USDT-SWAP
Gate MANA_USDT
MEXC MANA_USDT
KuCoin MANAUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MANAUSDTlong | +0.0100% | 8h | 0.08704 | long leg | $1.6M | $475K | 25x | |
| BloFin MANA-USDT | +0.0112% | 8h | 0.08696 | −0.086% | $170K | $68K | 20x | as long as short |
| Kraken Futures PF_MANAUSD | +0.0355% | 1h | 0.08709 | +0.065% | $101K | $60K | 20x | as long as short |
BloFin MANA-USDT
Kraken Futures PF_MANAUSD