Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.060%
Price spread now: Lighter against Binance−0.006%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$400.401% of the position
Funding, last 7 days+0.285%+$28 on $10k
+Price spread, last 2 days (all we have)+0.002%$0 · spread now −0.006%, 7d avg +0.047%
=Together, before fees+0.287%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.053% cheaper against Binance than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.047%). If the spread goes back, that is −$5 on $10k: about 5.5 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.285% in total) that is about 31 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MRNAUSDT | 172.65 | 0 | get 0.0000% / 8h | 22m 00s | $2.2M | $11.4M | 20x |
| Short | Lighter MRNA | 172.64 | 0.0032 | get 0.0004% / 1h | 22m 00s | $124K | $1.0M | 10x |
Binance MRNAUSDT
Lighter MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $6.72
- Price spread: −0.006% → +0.047%
- −$5.3
- Slippage, 4 orders
- −$30.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$38.73
- Costs to cover
- 0.401%
- Break-even
- 47.3 days
Slippage from Binance: live order book, 3 min ago; Lighter: live order book, 4 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, 3 min ago | 2.03 bp | 15.7 bp −$16 | 61.4 bp −$614 | 542.1 bp −$54.2K | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.03 bp | 8.3 bp −$8 | 36.2 bp −$362 | 176.1 bp −$17.6K | 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 | −0.0808% | 4h | 172.70 | +0.032% | $3K | $244K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0029% | 8h | 172.77 | +0.070% | $45K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.54 | −0.062% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDTlong | 0.0000% | 8h | 172.65 | long leg | $2.2M | $11.4M | 20x | |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.70 | +0.029% | $933K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.80 | +0.087% | $1.4M | $5.0M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.55 | −0.058% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.60 | −0.029% | $879K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.56 | −0.052% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.70 | +0.026% | $49K | $89K | — | as long as short |
edgeX MRNAUSDC
BloFin MRNA-USDT
Aster MRNAUSDT
Bybit 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 | 172.73 | +0.048% | $592 | $164K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.58 | −0.043% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.60 | −0.029% | $1.6M | $645K | 20x | as long as short |
| Lighter MRNAshort | +0.0032% | 1h | 172.64 | −0.006% | $124K | $1.0M | 10x | |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.126% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.47 | −0.104% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.52 | −0.075% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.52 | −0.075% | $2.6M | $4.2M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.50 | −0.087% | $43K | $39K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0116% | 1h | 172.58 | −0.041% | $40K | $66K | 10x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 172.70 | +0.029% | $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
SoDEX MRNA-USD
Phoenix MRNA