Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.019%
Price spread now: Injective against Binance−8.345%67s7-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. Injective is 8.345% cheaper against Binance than usual: you would sell low and buy high (spread −8.345% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$834 on $10k: about years of funding at the current rate (+$1 a day). The two prices were read 67 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 | Binance MRNAUSDT | 173.06 | 0 | get 0.0000% / 8h | 2h 52m | $2.1M | $11.4M | 20x |
| Short | Injective MRNA/USDC PERP | 158.62 | 0.0033 | get 0.0004% / 1h | 52m 15s | $18K | $8K | 12x |
Binance MRNAUSDT
Injective MRNA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $7
- Price spread: −8.345% → 0.000%
- −$834.5
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$837.52
- Costs to cover
- 0.100%
- Break-even
- 844.5 days
Slippage unknown: Binance: live order book, 3 min ago; Injective: no order-book sample. 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 Binance live order book, 3 min ago | 0.87 bp | 10.6 bp −$11 | 56.8 bp −$568 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNA | −0.1032% | 1h | 173.22 | +0.091% | $156K | $1.2M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.84 | −0.128% | $27K | $83K | 20x | as long as short |
| Binance MRNAUSDTlong | 0.0000% | 8h | 173.06 | long leg | $2.1M | $11.4M | 20x | |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.06 | −0.001% | $940K | $620K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.87 | −0.111% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.88 | −0.105% | $863K | $998K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.04 | −0.013% | $2.7M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.02 | −0.022% | $55K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.02 | −0.022% | $242 | $148K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.99 | −0.042% | $13K | $430K | 20x | as long as short |
Lighter MRNA
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
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 | 173.04 | −0.013% | $1.6M | $650K | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.77 | −0.169% | $1.1M | $2.6M | 10x | as long as short |
| BloFin MRNA-USDT | +0.0010% | 8h | 173.07 | +0.005% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERPshort | +0.0033% | 1h | 158.62 | −8.345% | $18K | $8K | 12x | |
| Arcus MRNA-USD | +0.0040% | 1h | 172.85 | −0.122% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.90 | −0.093% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.92 | −0.082% | $2.6M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.77 | −0.169% | $42K | $35K | 5x | as long as short |
| edgeX MRNAUSDC | +0.0163% | 4h | 172.99 | −0.042% | $3K | $247K | 10x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 172.83 | −0.134% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0290% | 1h | 172.96 | −0.059% | $40K | $56K | 10x | as long as short |
Phemex MRNAUSDT
QFEX MRNA-USD
BloFin MRNA-USDT
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
edgeX MRNAUSDC
Phoenix MRNA
SoDEX MRNA-USD