Funding you earn now, next payment 11:00 UTC+0.0286%/8h= +31.3% APRnext payment +$0.36 per $10,000 · paid last 24h +0.057%
Price spread now: Phoenix against Arcus−0.171%49s7-day average — · you buy dearer than you sell
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—needs both histories
Funding pays, the price is against you. Phoenix is 0.171% cheaper against Arcus than usual: you would sell low and buy high (spread −0.171% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 48 hours of funding at the current rate (+$9 a day). The two prices were read 49 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 | 169.24 | 0.0040 | pay 0.0005% / 1h | 8m 14s | $2K | $65K | 10x |
| Short | Phoenix MRNA | 168.95 | 0.0326 | get 0.0041% / 1h | 8m 14s | $5K | $208K | 10x |
Arcus MRNA-USD
Phoenix MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $60.05
- Price spread: −0.171% → 0.000%
- −$17.14
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $31.42
- Costs to cover
- 0.115%
- Break-even
- 3.3 days
Slippage unknown: Arcus: no order-book sample; Phoenix: live order book, 27 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 Phoenix live order book, 27 min ago | 4.12 bp | 24.2 bp −$24 | 76.9 bp −$769 | 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 21 exchanges
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 MRNA-USDT | −0.0026% | 8h | 168.99 | −0.148% | $46K | $30K | 20x | as long as short |
| edgeX MRNAUSDC | −0.0014% | 4h | 169.01 | −0.133% | $3K | $256K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 169.12 | −0.070% | $25K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 169.12 | −0.070% | $2.1M | $12.1M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 169.19 | −0.030% | $914K | $635K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 169.19 | −0.030% | $1.2M | $5.4M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 168.88 | −0.213% | $1.1M | $2.3M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 169.10 | −0.083% | $884K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 169.03 | −0.124% | $2.6M | $10.9M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 168.98 | −0.154% | $93K | $125K | — | as long as short |
BloFin MRNA-USDT
edgeX MRNAUSDC
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNAShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 169.42 | +0.104% | $13K | $435K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 169.19 | −0.030% | $1.5M | $696K | 20x | as long as short |
| Lighter MRNA | +0.0032% | 1h | 168.95 | −0.171% | $197K | $1.6M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −6.275% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USDlong | +0.0040% | 1h | 169.24 | long leg | $2K | $65K | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 168.97 | −0.160% | $42K | $39K | 5x | as long as short |
| GRVT MRNA_USDT_Perp | +0.0073% | 8h | 169.07 | −0.102% | $37 | $131K | 10x | as long as short |
| Extended MRNA-USD | +0.0088% | 1h | 168.93 | −0.181% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0093% | 1h | 169.01 | −0.136% | $2.6M | $4.9M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0131% | 1h | 169.09 | −0.089% | $39K | $56K | 10x | as long as short |
| Phoenix MRNAshort | +0.0326% | 1h | 168.95 | −0.171% | $5K | $208K | 10x |
HTX MRNA-USDT
Phemex MRNAUSDT
Lighter MRNA
Injective MRNA/USDC PERP
Ondo Perps MRNA-USD.P
GRVT MRNA_USDT_Perp
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD