Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.029%
Price spread now: Bybit against Binance−0.046%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1251.250% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)−0.397%−$40 · spread now −0.046%, 7d avg −0.047%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MRNAUSDT | 173.22 | 0 | get 0.0000% / 8h | 3h 00m | $2.2M | $11.3M | 20x |
| Short | Bybit MRNAUSDT | 173.14 | 0 | get 0.0000% / 8h | 3h 00m | $941K | $620K | 25x |
Binance MRNAUSDT
Bybit MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $0
- Price spread: −0.046% → −0.047%
- $0.06
- Slippage, 4 orders
- −$104.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$124.97
- Costs to cover
- 1.250%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 15 min ago.
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 Binance live order book, 9 min ago | 1.73 bp | 14.0 bp −$14 | 53.1 bp −$531 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 15 min ago | 6.04 bp | 44.0 bp −$44 | 1201.4 bp −$12.0K | doesn't fit | doesn't fit |
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 | −0.0090% | 4h | 173.29 | +0.042% | $3K | $248K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0012% | 8h | 173.35 | +0.075% | $45K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.17 | −0.029% | $28K | $82K | 20x | as long as short |
| Binance MRNAUSDTlong | 0.0000% | 8h | 173.22 | long leg | $2.2M | $11.3M | 20x | |
| Bybit MRNAUSDTshort | 0.0000% | 8h | 173.14 | −0.046% | $941K | $620K | 25x | |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.27 | +0.029% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.15 | −0.040% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.19 | −0.017% | $865K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.21 | −0.006% | $2.7M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.18 | −0.020% | $55K | $96K | — | as long as short |
edgeX MRNAUSDC
BloFin MRNA-USDT
Aster MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNAShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.33 | +0.064% | $258 | $148K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.09 | −0.078% | $14K | $430K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.19 | −0.017% | $1.6M | $647K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.429% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.11 | −0.064% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 173.06 | −0.092% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 173.07 | −0.087% | $2.7M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.20 | −0.012% | $43K | $35K | 5x | as long as short |
| Lighter MRNA | +0.0064% | 1h | 173.37 | +0.087% | $157K | $1.1M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0114% | 1h | 173.15 | −0.040% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0277% | 1h | 173.22 | 0.000% | $5K | $191K | 10x | as long as short |
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Lighter MRNA
SoDEX MRNA-USD
Phoenix MRNA