Funding arb · Price arb /

MANTA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.032%

Price spread now: Bitget against KuCoin+0.327%7-day average +0.200% · you sell dearer than you buy

Net, funding: paid 7d − costs−$879as in the Funding arb table

Net, price: spread back to 7d avg − costs−$877as in the Price arb table

costs, in and out, $10k−$8908.899% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.327%, 7d avg +0.200%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.127% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.200%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MANTAUSDTM	0.07031	0.0100	pay 0.0050% / 4h	3h 25m	$280K	$58K	50x
Short	Bitget MANTAUSDT	0.07054	0.0100	get 0.0050% / 4h	3h 25m	$3.2M	$401K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.327%Rate

Funding earned: $0
Price spread: +0.327% → +0.200%: $12.68
Slippage, 4 orders: −$865.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$877.17
Costs to cover: 8.899%
Break-even: never at this rate

Slippage from KuCoin: live order book, 67 min ago; Bitget: 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 KuCoin live order book, 67 min ago	19.83 bp	445.9 bp −$446	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.25 bp	27.5 bp −$28	82.2 bp −$822	doesn't fit	doesn't fit

MANTA on 12 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
Injective MANTA/USDC PERP	−0.4476%	1h	0.06995	−0.512%	$2K	$40K	5.5x	as long as short
Hyperliquid MANTA	+0.0100%	1h	0.07060	+0.412%	$472K	$204K	3x	as long as short
Aster MANTAUSDT	+0.0100%	4h	0.07044	+0.185%	$11K	$15K	5x	as long as short
Binance MANTAUSDT	+0.0100%	4h	0.07048	+0.242%	$5.5M	$4.4M	50x	as long as short
Bybit MANTAUSDT	+0.0100%	4h	0.07038	+0.100%	$3.3M	$758K	25x	as long as short
Gate MANTA_USDT	+0.0100%	4h	0.07039	+0.114%	$211K	$159K	50x	as long as short
MEXC MANTA_USDT	+0.0100%	4h	0.07048	+0.242%	$13.7M	$676K	50x	as long as short
KuCoin MANTAUSDTMlong	+0.0100%	4h	0.07031	long leg	$280K	$58K	50x
Bitget MANTAUSDTshort	+0.0100%	4h	0.07054	+0.327%	$3.2M	$401K	50x
BingX MANTA-USDT	+0.0100%	4h	0.07045	+0.199%	—	$1.5M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MANTA	+0.0100%	4h	0.07028	−0.048%	$16K	$3K	—	as long as short
BloFin MANTA-USDT	+0.0141%	4h	0.07049	+0.256%	$324K	$33K	50x	as long as short