Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: GRVT against Arcus−0.036%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.036% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MRNA-USD | 172.69 | 0.0040 | pay 0.0005% / 1h | 3m 51s | $2K | $64K | 10x |
| Short | GRVT MRNA_USDT_Perp | 172.63 | 0 | get 0.0000% / 8h | 6h 03m | $392 | $151K | 10x |
Arcus MRNA-USD
GRVT MRNA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Arcus. 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
- −$8.46
- Price spread: −0.036% → 0.000%
- −$3.55
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$25.51
- Costs to cover
- 0.135%
- Break-even
- never at this rate
Slippage unknown: Arcus: no order-book sample; GRVT: live order book, 59 min ago. Net counts fees only.
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 Arcus no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 59 min ago | 2.90 bp | 19.5 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MRNA on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0522% | 4h | 172.76 | +0.042% | $3K | $246K | 10x | as long as short |
| Lighter MRNA | −0.0320% | 1h | 172.80 | +0.064% | $104K | $1.1M | 10x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.71 | +0.012% | $1.1M | $2.7M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.81 | +0.071% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.97 | +0.162% | $938K | $719K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.78 | +0.052% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.71 | +0.012% | $863K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.76 | +0.041% | $2.6M | $10.5M | 20x | as long as short |
| GRVT MRNA_USDT_Perpshort | 0.0000% | 8h | 172.63 | −0.036% | $392 | $151K | 10x | |
| HTX MRNA-USDT | 0.0000% | 8h | 172.79 | +0.058% | $12K | $428K | 20x | as long as short |
edgeX MRNAUSDC
Lighter MRNA
QFEX MRNA-USD
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
HTX MRNA-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 172.87 | +0.104% | $1.6M | $650K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.148% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USDlong | +0.0040% | 1h | 172.69 | long leg | $2K | $64K | 10x | |
| Variational Omni MRNA | +0.0041% | 8h | 172.78 | +0.055% | $49K | $89K | — | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.76 | +0.039% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.77 | +0.046% | $2.6M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.74 | +0.029% | $43K | $36K | 5x | as long as short |
| Binance MRNAUSDT | +0.0076% | 8h | 172.85 | +0.094% | $2.1M | $11.4M | 20x | as long as short |
| SoDEX MRNA-USD | +0.0153% | 1h | 172.80 | +0.064% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0279% | 1h | 172.88 | +0.110% | $5K | $193K | 10x | as long as short |
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Variational Omni MRNA
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Binance MRNAUSDT
SoDEX MRNA-USD
Phoenix MRNA