Funding you earn now, next payment 01:00 UTC+0.0267%/8h= +29.3% APRpaid last 24h +0.014%
Price spread now: tradeXYZ against Binance−0.029%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$610.615% of the position
Funding, last 7 days+0.184%+$18 on $10k
+Price spread, last 2 days (all we have)−0.032%−$3 · spread now −0.029%, 7d avg −0.058%
=Together, before fees+0.152%+ Points / potential airdroptradeXYZ: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and tradeXYZ is 0.029% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.058%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.184% in total (about 9.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MRNAUSDT | 173.82 | 0 | get 0.0000% / 8h | 7h 47m | $2.2M | $11.4M | 20x |
| Short | tradeXYZ xyz:MRNA | 173.77 | 0.0267 | get 0.0033% / 1h | 47m 51s | $2.6M | $4.2M | 10x |
Binance MRNAUSDT
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $56.12
- Price spread: −0.029% → −0.058%
- $2.88
- Slippage, 4 orders
- −$33.48
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$2.48
- Costs to cover
- 0.615%
- Break-even
- 7.3 days
Slippage from Binance: live order book, 7 min ago; tradeXYZ: live order book, 10 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, 7 min ago | 2.02 bp | 16.6 bp −$17 | 72.7 bp −$727 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 1.16 bp | 16.4 bp −$16 | 21.1 bp −$211 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRNAUSDT | 0.0000% | 8h | 173.48 | −0.195% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDTlong | 0.0000% | 8h | 173.82 | long leg | $2.2M | $11.4M | 20x | |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.91 | +0.051% | $944K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.80 | −0.012% | $1.4M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.58 | −0.138% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.55 | −0.156% | $874K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.70 | −0.069% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.43 | −0.226% | $49K | $89K | — | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.89 | +0.039% | $12K | $428K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.87 | +0.028% | $1.6M | $647K | 20x | as long as short |
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
HTX MRNA-USDT
Phemex MRNAUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRNA-USDT | +0.0007% | 8h | 173.52 | −0.173% | $44K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.745% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.33 | −0.282% | $2K | $65K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.34 | −0.277% | $43K | $38K | 5x | as long as short |
| edgeX MRNAUSDC | +0.0188% | 4h | 173.28 | −0.313% | $3K | $244K | 10x | as long as short |
| Phoenix MRNA | +0.0231% | 1h | 173.40 | −0.242% | $5K | $193K | 10x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0267% | 1h | 173.77 | −0.029% | $2.6M | $4.2M | 10x | |
| Extended MRNA-USD | +0.0296% | 1h | 173.78 | −0.023% | $32K | $32K | 10x | as long as short |
| GRVT MRNA_USDT_Perp | +0.0360% | 8h | 173.23 | −0.339% | $440 | $163K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0889% | 1h | 173.65 | −0.098% | $40K | $66K | 10x | as long as short |
| Lighter MRNA | +0.1152% | 1h | 173.65 | −0.098% | $123K | $1.0M | 10x | as long as short |
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
edgeX MRNAUSDC
Phoenix MRNA
Extended MRNA-USD
GRVT MRNA_USDT_Perp
SoDEX MRNA-USD
Lighter MRNA