Funding arb · Price arb /

MANA

all MANA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h +0.097%

Price spread now: Bitget against Kraken Futures+0.039%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1071.074% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.496%+$50 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.039%, 7d avg −0.005%

Together, before fees+0.340%+$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.044% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.005%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 7 days funding on this pair paid +0.496%, 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	Kraken Futures PF_MANAUSD	0.08603	0.0287	pay 0.0036% / 1h	34m 02s	$101K	$67K	20x
Short	Bitget MANAUSDT	0.08606	0.0100	get 0.0100% / 8h	2h 34m	$1.6M	$503K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$39.22
Price spread: +0.039% → −0.005%: $4.4
Slippage, 4 orders: −$85.45
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$142.27
Costs to cover: 1.074%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 44 min ago; Bitget: live order book, 3 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 Kraken Futures live order book, 44 min ago	7.48 bp	40.0 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.59 bp	14.9 bp −$15	53.3 bp −$533	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	−0.0265%	8h	0.08588	−0.167%	$84K	$3K	—	as long as short
BingX MANA-USDT	+0.0025%	8h	0.08603	+0.006%	—	$2.4M	—	as long as short
OKX MANA-USDT-SWAP	+0.0035%	8h	0.08588	−0.169%	$603K	$1.9M	20x	as long as short
Aster MANAUSDT	+0.0100%	8h	0.08618	+0.182%	$7K	$7K	5x	as long as short
Binance MANAUSDT	+0.0100%	8h	0.08594	−0.099%	$3.4M	$5.7M	75x	as long as short
Bybit MANAUSDT	+0.0100%	8h	0.08580	−0.262%	$2.8M	$886K	75x	as long as short
Gate MANA_USDT	+0.0100%	8h	0.08604	+0.017%	$313K	$361K	75x	as long as short
MEXC MANA_USDT	+0.0100%	8h	0.08593	−0.111%	$13.0M	$693K	200x	as long as short
KuCoin MANAUSDTM	+0.0100%	8h	0.08620	+0.203%	$1.7M	$70K	50x	as long as short
Bitget MANAUSDTshort	+0.0100%	8h	0.08606	+0.039%	$1.6M	$503K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MANA-USDT	+0.0105%	8h	0.08627	+0.285%	$170K	$56K	20x	as long as short
Kraken Futures PF_MANAUSDlong	+0.0287%	1h	0.08603	long leg	$101K	$67K	20x
Injective MANA/USDC PERP	+0.1412%	1h	0.08760	+1.831%	$901	$1K	5.5x	as long as short