Funding arb · Price arb /

MANTRA

all MANTRA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.120%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1081.080% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 7 days+0.125%+$12 · spread now −0.120%, 7d avg +0.010%

Together, before fees+0.216%+$22 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: BingX is 0.131% cheaper against Binance than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MANTRAUSDT	0.004458	0.0100	pay 0.0050% / 4h	2h 00m	$2.0M	$3.9M	50x
Short	BingX MANTRA-USDT	0.004453	0.0100	get 0.0050% / 4h	2h 00m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → +0.010%: −$13.06
Slippage, 4 orders: −$88.01
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$121.06
Costs to cover: 1.080%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; BingX: live order book, 1 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 Binance live order book, 6 min ago	1.12 bp	27.0 bp −$27	250.0 bp −$2,500	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	4.49 bp	22.8 bp −$23	80.2 bp −$802	705.9 bp −$70.6K	1096.0 bp −$548.0K

MANTRA on 8 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
BloFin MANTRA-USDT	+0.0097%	4h	0.004451	−0.165%	$135K	$31K	50x	as long as short
Aster MANTRAUSDT	+0.0100%	4h	0.004453	−0.131%	$22K	$20K	5x	as long as short
Binance MANTRAUSDTlong	+0.0100%	4h	0.004458	long leg	$2.0M	$3.9M	50x
Gate MANTRA_USDT	+0.0100%	4h	0.004459	+0.014%	$195K	$225K	50x	as long as short
MEXC MANTRA_USDT	+0.0100%	4h	0.004458	−0.008%	$1.3M	$231K	50x	as long as short
KuCoin MANTRAUSDTM	+0.0100%	4h	0.004454	−0.098%	$492K	$60K	50x	as long as short
Bitget MANTRAUSDT	+0.0100%	4h	0.004460	+0.037%	$942K	$424K	50x	as long as short
BingX MANTRA-USDTshort	+0.0100%	4h	0.004453	−0.120%	—	$1.7M	—