MARA perps: where to trade MARA Holdings perpetual futures
8 tracked venues list MARA perps.
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The cheapest place to trade MARA perps right now is Binance (MARAUSDT): 43.07 bps all-in for a $10,000 market buy at the standard taker fee, measured 11:12 UTC on 2026-10-03.
The next two venues are Bitget 44.86 bps and Bybit 72.02 bps. 6 of 8 MARA markets gave a measured cost.
The Binance fee in this cost is a promotion for every account. Binance can end it.
MARA perps list on 8 tracked venues: 6 centralized exchanges, 2 other decentralized venues. Gains Network (MARA/USD) fills at an oracle price, with no public MARA book to measure.
Maximum MARA leverage runs from 2x on Gains Network (MARA/USD) to 25x on Bybit (MARAUSDT).
MARA funding and open interest
Funding now runs from 0.0% a year on Binance to 4.4% on Extended, across 7 MARA markets. A positive rate means that longs pay shorts.
7 MARA markets report open interest, $0.7 million in total. Bybit holds 30% of it ($0.2 million).
Measured MARA cost for a $10,000 buy
- Binance43.07
- Bitget44.86
- Bybit72.02
- OKX76.24
- Gate123.23
- Extended303.36
Where to trade MARA Holdings perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| Binance | MARAUSDT | 20x | 0.0000% / 8 h | 0.0% | 0.0% | $184K | 39.07 | 0.040% (docs, promotion for all accounts) | 43.07 | — |
| Bitget | MARAUSDT | 20x | 0.0000% / 8 h | 0.0% | +2.4% | $130K | 38.86 | 0.060% (API) | 44.86 | — |
| Bybit | MARAUSDT | 25x | 0.0000% / 8 h | 0.0% | 0.0% | $216K | 69.27 | 0.028% (docs, promotion for all accounts) | 72.02 | — |
| OKX | MARA-USDT-SWAP | 10x | 0.0000% / 8 h | 0.0% | 0.0% | $64K | 71.24 | 0.050% (docs) | 76.24 | — |
| Gate | MARA_USDT | 20x | 0.0000% / 8 h | 0.0% | 0.0% | $9,024 | 115.73 | 0.075% (API) | 123.23 | — |
| Extended | MARA-USD | 5x | +0.0005% / 1 h | +4.4% | — | $2,086 | 302.36 | 0.010% (docs) | 303.36 | — |
| MEXC | MARASTOCK_USDT | 20x | 0.0000% / 8 h | 0.0% | 0.0% | $124K | 48.04 | Not stated for all accounts | — | 0.000% = 48.04 bps (eligible accounts, source, 2026-09-25) |
| Gains Network | MARA/USD | 2x | — | — | — | — | No MARA book | Oracle model | — | — |
Method: a $10,000 MARA market buy fills against each public MARA book.
The MARA book cost is that fill price against the mid, in bps. The MARA all-in cost adds the standard taker fee that every new account gets.
A MARA promo rate that only eligible accounts get is shown in its own column and is never ranked.
A MARA book price does not prove that the venue accepts MARA orders at that time, so check the MARA hours table.
Annual MARA funding is the rate per hour times 8,760, with no compounding. The MARA markets come from venue APIs read on 2026-09-25.
MARA trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Binance | MARAUSDT | 24/7, book EWMA weekends | Unnamed data vendors |
| Bitget | MARAUSDT | 24/7, book EMA off-hours | Pyth, dxFeed, Massive, Intrinio |
| Bybit | MARAUSDT | 24/7 | Index with Pyth |
| Extended | MARA-USD | Per market in API | Stork, Blue Ocean ATS |
| Gains Network | MARA/USD | Mon–Fri 9:35–16:00 ET | Chainlink |
| Gate | MARA_USDT | Index holds last close | Paid feeds, crypto venues |
| MEXC | MARASTOCK_USDT | Varies, no trades closed | Not named in docs |
| OKX | MARA-USDT-SWAP | 24/7 book, anchored weekends | Several providers |
Find your liquidation price with the liquidation price calculator for MARA. Compare all tickers on the stock perps hub.
Where to Trade MARA Holdings (MARA) Perpetual Futures
Fees and leverage limits apply venue-wide; check MARA terms with the venue.
MARA Holdings (MARA) market overview
MARA Holdings (formerly Marathon Digital) is one of the largest publicly listed Bitcoin miners in the United States, providing regulated equity market exposure to Bitcoin mining economics. MARA stock perps offer a derivative play on BTC price action, network hashrate trends, and mining profitability that is accessible to traders without direct crypto exchange access.
Frequently Asked Questions — MARA Holdings (MARA)
What open interest data is available for MARA?
1 venue report positive MARA open interest in this read.
The MARA total leaves out venues outside the read.
How does a MARA Holdings perpetual futures contract differ from the underlying asset?
A MARA Holdings perpetual tracks the MARA Holdings price, with no expiry date and no ownership of MARA Holdings.
Check each venue for MARA Holdings trading hours and the price source.
Category: Stock