Funding you earn now, next payment 07:00 UTC+0.0624%/8h= +68.4% APRpaid last 24h −0.071%
Price spread now: Kraken Futures against OKX+0.189%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1131.128% of the position
Funding, last 7 days−0.379%−$38 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.189%, 7d avg +0.132%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Kraken Futures is 0.057% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.132%. Mind the row above: over the last 7 days funding on this pair cost −0.379%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.379% in total (about -19.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MANA-USDT-SWAP | 0.08606 | 0.0040 | pay 0.0040% / 8h | 1h 28m | $605K | $1.9M | 20x |
| Short | Kraken Futures PF_MANAUSD | 0.08622 | 0.0664 | get 0.0083% / 1h | 28m 55s | $101K | $69K | 20x |
OKX MANA-USDT-SWAP
Kraken Futures PF_MANAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $131.12
- Price spread: +0.189% → +0.132%
- $5.7
- Slippage, 4 orders
- −$92.81
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $24.01
- Costs to cover
- 1.128%
- Break-even
- 5.7 days
Slippage from OKX: live order book, 3 min ago; Kraken Futures: live order book, 34 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 OKX live order book, 3 min ago | 3.49 bp | 21.6 bp −$22 | 179.6 bp −$1,796 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 34 min ago | 8.09 bp | 28.5 bp −$29 | doesn't fit | 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 | −0.0309% | 8h | 0.08597 | −0.105% | $84K | $3K | — | as long as short |
| BingX MANA-USDT | +0.0030% | 8h | 0.08614 | +0.093% | — | $2.4M | — | as long as short |
| Injective MANA/USDC PERP | +0.0033% | 1h | 0.08760 | +1.789% | $901 | $1K | 5.5x | as long as short |
| OKX MANA-USDT-SWAPlong | +0.0040% | 8h | 0.08606 | long leg | $605K | $1.9M | 20x | |
| Aster MANAUSDT | +0.0100% | 8h | 0.08624 | +0.210% | $7K | $7K | 5x | as long as short |
| Binance MANAUSDT | +0.0100% | 8h | 0.08610 | +0.048% | $3.5M | $5.8M | 75x | as long as short |
| Bybit MANAUSDT | +0.0100% | 8h | 0.08600 | −0.070% | $2.8M | $894K | 75x | as long as short |
| Gate MANA_USDT | +0.0100% | 8h | 0.08615 | +0.105% | $313K | $364K | 75x | as long as short |
| MEXC MANA_USDT | +0.0100% | 8h | 0.08611 | +0.058% | $13.0M | $689K | 200x | as long as short |
| KuCoin MANAUSDTM | +0.0100% | 8h | 0.08620 | +0.163% | $1.7M | $70K | 50x | as long as short |
Variational Omni MANA
BingX MANA-USDT
Injective MANA/USDC PERP
Aster MANAUSDT
Binance MANAUSDT
Bybit MANAUSDT
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 MANAUSDT | +0.0100% | 8h | 0.08618 | +0.144% | $1.6M | $504K | 25x | as long as short |
| BloFin MANA-USDT | +0.0105% | 8h | 0.08624 | +0.209% | $169K | $56K | 20x | as long as short |
| Kraken Futures PF_MANAUSDshort | +0.0664% | 1h | 0.08622 | +0.189% | $101K | $69K | 20x |
Bitget MANAUSDT
BloFin MANA-USDT