Funding you earn now, next payment 08:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.39 per $10,000 · paid last 24h −0.026%
Price spread now: BingX against Bybit+0.012%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$880.877% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now +0.012%, 7d avg +0.094%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.082% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.094%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MANAUSDT | 0.08654 | 0.0100 | pay 0.0100% / 8h | 37m 56s | $2.8M | $901K | 75x |
| Short | BingX MANA-USDT | 0.08655 | 0.0061 | get 0.0061% / 8h | 37m 56s | — | $2.4M | — |
Bybit MANAUSDT
BingX MANA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$8.19
- Price spread: +0.012% → +0.094%
- −$8.22
- Slippage, 4 orders
- −$66.71
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$104.12
- Costs to cover
- 0.877%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 11 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 Bybit live order book, 4 min ago | 1.15 bp | 19.0 bp −$19 | 61.8 bp −$618 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 5.19 bp | 17.8 bp −$18 | 46.6 bp −$466 | 316.7 bp −$31.7K | 1102.8 bp −$551.4K |
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 | −0.0274% | 8h | 0.08667 | +0.154% | $85K | $3K | — | as long as short |
| Injective MANA/USDC PERP | +0.0033% | 1h | 0.08760 | +1.225% | $901 | $1K | 5.5x | as long as short |
| BingX MANA-USDTshort | +0.0061% | 8h | 0.08655 | +0.012% | — | $2.4M | — | |
| OKX MANA-USDT-SWAP | +0.0095% | 8h | 0.08652 | −0.023% | $612K | $1.9M | 20x | as long as short |
| BloFin MANA-USDT | +0.0099% | 8h | 0.08674 | +0.231% | $170K | $57K | 20x | as long as short |
| Aster MANAUSDT | +0.0100% | 8h | 0.08661 | +0.081% | $7K | $6K | 5x | as long as short |
| Binance MANAUSDT | +0.0100% | 8h | 0.08659 | +0.058% | $3.5M | $5.9M | 75x | as long as short |
| Bybit MANAUSDTlong | +0.0100% | 8h | 0.08654 | long leg | $2.8M | $901K | 75x | |
| Gate MANA_USDT | +0.0100% | 8h | 0.08665 | +0.127% | $315K | $365K | 75x | as long as short |
| MEXC MANA_USDT | +0.0100% | 8h | 0.08659 | +0.058% | $13.4M | $704K | 200x | as long as short |
Variational Omni MANA
Injective MANA/USDC PERP
OKX MANA-USDT-SWAP
BloFin MANA-USDT
Aster MANAUSDT
Binance 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 | 0.08670 | +0.185% | $1.7M | $70K | 50x | as long as short |
| Bitget MANAUSDT | +0.0100% | 8h | 0.08664 | +0.110% | $1.6M | $504K | 25x | as long as short |
| Kraken Futures PF_MANAUSD | +0.0633% | 1h | 0.08671 | +0.191% | $99K | $74K | 20x | as long as short |
KuCoin MANAUSDTM
Bitget MANAUSDT
Kraken Futures PF_MANAUSD