Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.099%
Price spread now: Lighter against Arcus+0.138%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.138% dearer against Arcus than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MRNA-USD | 173.60 | 0.0040 | pay 0.0005% / 1h | 20m 00s | $2K | $63K | 10x |
| Short | Lighter MRNA | 173.84 | 0.0032 | get 0.0004% / 1h | 20m 00s | $158K | $1.1M | 10x |
Arcus MRNA-USD
Lighter MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$1.74
- Price spread: +0.138% → 0.000%
- $13.82
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $7.59
- Costs to cover
- 0.045%
- Break-even
- from the start
Slippage unknown: Arcus: no order-book sample; Lighter: live order book, 1 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 Lighter live order book, 1 min ago | 2.59 bp | 4.0 bp −$4 | 30.4 bp −$304 | 192.4 bp −$19.2K | 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 21 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 | −0.0023% | 4h | 173.77 | +0.096% | $3K | $246K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.80 | +0.116% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.63 | +0.017% | $946K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.72 | +0.069% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.60 | 0.000% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.75 | +0.086% | $869K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.68 | +0.046% | $2.8M | $10.6M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.82 | +0.125% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.77 | +0.097% | $422 | $146K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.70 | +0.057% | $14K | $432K | 20x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_Perp
HTX MRNA-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 173.80 | +0.115% | $1.6M | $640K | 20x | as long as short |
| Binance MRNAUSDT | +0.0028% | 8h | 173.84 | +0.138% | $2.2M | $11.2M | 20x | as long as short |
| Lighter MRNAshort | +0.0032% | 1h | 173.84 | +0.138% | $158K | $1.1M | 10x | |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.629% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USDlong | +0.0040% | 1h | 173.60 | long leg | $2K | $63K | 10x | |
| Extended MRNA-USD | +0.0048% | 1h | 173.66 | +0.037% | $32K | $32K | 10x | as long as short |
| BloFin MRNA-USDT | +0.0050% | 8h | 173.82 | +0.127% | $45K | $29K | 20x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 173.67 | +0.040% | $2.7M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.59 | −0.006% | $43K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0230% | 1h | 173.39 | −0.121% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0413% | 1h | 173.78 | +0.104% | $40K | $56K | 10x | as long as short |
Phemex MRNAUSDT
Binance MRNAUSDT
Injective MRNA/USDC PERP
Extended MRNA-USD
BloFin MRNA-USDT
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Phoenix MRNA
SoDEX MRNA-USD