Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.31 per $10,000 · paid last 24h −0.029%
Price spread now: OKX against Binance−0.126%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$600.603% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 7 days+0.075%+$8 · spread now −0.126%, 7d avg −0.054%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.072% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.054%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MRNAUSDT | 173.70 | 0.0031 | pay 0.0031% / 8h | 4h 17m | $2.2M | $11.2M | 20x |
| Short | OKX MRNA-USDT-SWAP | 173.48 | 0 | get 0.0000% / 8h | 4h 17m | $1.3M | $5.2M | 20x |
Binance MRNAUSDT
OKX MRNA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$6.44
- Price spread: −0.126% → −0.054%
- −$7.17
- Slippage, 4 orders
- −$40.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$73.9
- Costs to cover
- 0.603%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; OKX: live order book, 5 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, 8 min ago | 1.44 bp | 11.3 bp −$11 | 53.0 bp −$530 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 4.03 bp | 24.7 bp −$25 | 105.3 bp −$1,053 | 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 | −0.0026% | 4h | 173.65 | −0.029% | $3K | $246K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.70 | +0.001% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.62 | −0.045% | $946K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAPshort | 0.0000% | 8h | 173.48 | −0.126% | $1.3M | $5.2M | 20x | |
| QFEX MRNA-USD | 0.0000% | 1h | 173.47 | −0.132% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.65 | −0.028% | $868K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.61 | −0.051% | $2.8M | $10.6M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.82 | +0.069% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.69 | −0.005% | $238 | $146K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.55 | −0.084% | $13K | $432K | 20x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Bybit MRNAUSDT
QFEX MRNA-USD
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 | 173.67 | −0.016% | $1.6M | $640K | 20x | as long as short |
| Binance MRNAUSDTlong | +0.0031% | 8h | 173.70 | long leg | $2.2M | $11.2M | 20x | |
| Lighter MRNA | +0.0032% | 1h | 173.75 | +0.030% | $157K | $1.1M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.681% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.56 | −0.080% | $2K | $63K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 173.55 | −0.084% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 173.59 | −0.062% | $2.7M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.44 | −0.149% | $43K | $35K | 5x | as long as short |
| BloFin MRNA-USDT | +0.0055% | 8h | 173.92 | +0.128% | $45K | $29K | 20x | as long as short |
| Phoenix MRNA | +0.0230% | 1h | 173.66 | −0.022% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0383% | 1h | 173.63 | −0.039% | $40K | $56K | 10x | as long as short |
Phemex MRNAUSDT
Lighter MRNA
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
BloFin MRNA-USDT
Phoenix MRNA
SoDEX MRNA-USD