Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 197.34 | −0.0060 | get 0.0008% / 1h | 34m 43s | $198K | $337K | — | Long AZverse | |
| SHORT | 196.99 | −0.0220 | pay 0.0028% / 1h | 34m 43s | $15K | $284K | 10x | Short Injective |
Price gap−0.176%59s
Funding gap−0.0160% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 1.494% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$5−0.0160% /8h now · paid +0.046% over the last 2 days (all we have)
Price—spread −0.176%59s now · prices read too far apart to compare
Costsno datano order book for AZverse
Result, before costs—no pointsneeds both prices read together
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.176%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMRNA on 27 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage— + $1,000AZverse —, Injective 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$4.80Long AZverse: 24 payments, +$1.80; short Injective: 24 payments, −$6.60.
- Watch: Prices read 59 s apart−0.176% vs +1.318%Part of this gap may be the market moving.
- Watch: Short leg is thinner$15K vs $198K OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legAZverse No · Injective NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0101%/8h × 21 periods+$21.12
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for AZverse—
Fee AZverse bp × 2 orders−$12.00
Fee Injective bp × 2 orders−$0.02
Net, fees only · 7 days · $10k+$9.10
price spread not counted: prices read too far apartCosts to cover0.120%Break-even4.0 days
Slippage: AZverse: no order-book sample; Injective: live order book, 24 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTInjective369.92doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
AZverse: no data.
| 10-25 09:09 | AZverse | Listing | new market mrna_usdt ($MRNA) seen by our collector |
| 10-22 20:48 | Arcus | Other | $MRNA fell 25% today and was halted intraday on its primary exchange. The MRNA perp on Arcus kept trading through the halt. Traders could open, reduce, or close positions the entire time - as there is no halt state on Arcus perps. Markets run 24/7. Read more about Arcus RWA Perps here: @arcus_xyz on X ↗ |
| 10-22 19:35 | Phoenix | Other | Moderna falls after reported leak of Phase 3 melanoma vaccine data showing a 42% cut in recurrence risk, below Phase 2's 49%. $MRNA is trading at $195 on Phoenix, 24/7. @PhoenixTrade on X ↗ |
| 10-22 19:27 | Bitget | Other | Stay on top of fast-moving stock markets with Bitget Stock Perps. 📈📉 Here's the latest on Moderna $MRNA today ⤵️ @bitget on X ↗ |
| 10-20 17:07 | Phoenix | Other | JUST IN: Moderna $MRNA is still climbing, up nearly 7% in the last 24 hours ahead of Saturday's Phase 3 cancer vaccine data at ESMO. @PhoenixTrade on X ↗ |
| 10-19 13:46 | Phoenix | Other | JUST IN: $MRNA jumps 8.45% in anticipation of their Stage 3 cancer vaccine clinical trial results releasing on October 24. @PhoenixTrade on X ↗ |

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