MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0159%/8h= −17.4% APRnext payment −$1.59 per $10,000 · paid last 24h −0.029%

Price spread now: Phemex against Binance+0.006%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1191.190% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 2 days (all we have)−0.018%−$2 · spread now +0.006%, 7d avg +0.005%

Together, before fees−0.047%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRNAUSDT	173.48	0.0159	pay 0.0159% / 8h	7h 29m	$2.2M	$11.4M	20x
Short	Phemex MRNAUSDT	173.49	0	get 0.0000% / 8h	7h 29m	$1.6M	$647K	20x

Funding history

latest

Range statsloading…

Phemex against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BinancebpFee PhemexbpOrdersPrice spread, now +0.006%Rate

Slippage from Binance: live order book, 10 min ago; Phemex: live order book, 3 min ago.

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, 10 min ago	1.73 bp	15.7 bp −$16	55.9 bp −$559	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	7.76 bp	39.9 bp −$40	doesn't fit	doesn't fit	doesn't fit

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	−0.0283%	4h	174.11	+0.365%	$3K	$245K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	173.35	−0.074%	$29K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.63	+0.086%	$942K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.54	+0.035%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.42	−0.035%	$1.1M	$2.7M	10x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.42	−0.035%	$2.6M	$10.5M	20x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.21	−0.156%	$12K	$429K	20x	as long as short
Phemex MRNAUSDTshort	0.0000%	8h	173.49	+0.006%	$1.6M	$647K	20x
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.566%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.78	+0.173%	$2K	$65K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MRNA-USD	+0.0048%	1h	173.51	+0.017%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	173.60	+0.069%	$2.7M	$4.3M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.55	+0.040%	$43K	$39K	5x	as long as short
Gate MRNA_USDT	+0.0092%	8h	173.51	+0.017%	$871K	$1.1M	20x	as long as short
Variational Omni MRNA	+0.0099%	8h	173.60	+0.071%	$49K	$89K	—	as long as short
BloFin MRNA-USDT	+0.0130%	8h	173.85	+0.213%	$44K	$29K	20x	as long as short
Binance MRNAUSDTlong	+0.0159%	8h	173.48	long leg	$2.2M	$11.4M	20x
Phoenix MRNA	+0.0231%	1h	173.85	+0.213%	$5K	$193K	10x	as long as short
SoDEX MRNA-USD	+0.1455%	1h	173.46	−0.012%	$40K	$66K	10x	as long as short
Lighter MRNA	+0.1672%	1h	173.78	+0.173%	$123K	$1.0M	10x	as long as short
GRVT MRNA_USDT_Perp	+0.2606%	8h	174.03	+0.315%	$289	$159K	10x	as long as short