Funding arb · Price arb /

MANTRA

all MANTRA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.067%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$790.793% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.132%−$13 · spread now +0.067%, 7d avg +0.007%

Together, before fees−0.131%−$13 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: Binance is 0.060% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MANTRA_USDT	0.004499	0.0100	pay 0.0050% / 4h	3h 50m	$1.3M	$223K	50x
Short	Binance MANTRAUSDT	0.004502	0.0100	get 0.0050% / 4h	3h 50m	$2.0M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.007%: $6
Slippage, 4 orders: −$65.3
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$73.3
Costs to cover: 0.793%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Binance: live order book, 16 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 MEXC live order book, 5 min ago	1.11 bp	17.4 bp −$17	67.9 bp −$679	358.7 bp −$35.9K	doesn't fit
Sell Binance live order book, 16 min ago	2.22 bp	27.7 bp −$28	113.2 bp −$1,132	doesn't fit	doesn't fit

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	+0.0099%	4h	0.004494	−0.111%	$132K	$27K	50x	as long as short
Aster MANTRAUSDT	+0.0100%	4h	0.004499	−0.002%	$22K	$19K	5x	as long as short
Binance MANTRAUSDTshort	+0.0100%	4h	0.004502	+0.067%	$2.0M	$4.1M	50x
Gate MANTRA_USDT	+0.0100%	4h	0.004502	+0.067%	$199K	$197K	50x	as long as short
MEXC MANTRA_USDTlong	+0.0100%	4h	0.004499	long leg	$1.3M	$223K	50x
KuCoin MANTRAUSDTM	+0.0100%	4h	0.004502	+0.067%	$488K	$66K	50x	as long as short
Bitget MANTRAUSDT	+0.0100%	4h	0.004498	−0.022%	$961K	$506K	50x	as long as short
BingX MANTRA-USDT	+0.0100%	4h	0.004499	0.000%	—	$1.7M	—	as long as short