Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.010%
Price spread now: tradeXYZ against Bitget0.000%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$560.560% of the position
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 7 days−0.065%−$7 · spread now 0.000%, 7d avg −0.049%
=Together, before fees+0.079%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.049% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.049%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MRNAUSDT | 172.59 | 0 | get 0.0000% / 8h | 2h 03m | $2.6M | $10.5M | 20x |
| Short | tradeXYZ xyz:MRNA | 172.59 | 0.0050 | get 0.0006% / 1h | 3m 15s | $2.5M | $4.5M | 10x |
Bitget MRNAUSDT
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Bitget. 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
- $10.5
- Price spread: 0.000% → −0.049%
- $4.94
- Slippage, 4 orders
- −$25.99
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$40.55
- Costs to cover
- 0.560%
- Break-even
- 34.0 days
Slippage from Bitget: live order book, just now; tradeXYZ: 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 Bitget live order book, just now | 4.35 bp | 14.6 bp −$15 | 28.8 bp −$288 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 1.16 bp | 16.7 bp −$17 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNA | −0.0960% | 1h | 172.80 | +0.122% | $156K | $1.2M | 10x | as long as short |
| edgeX MRNAUSDC | −0.0225% | 4h | 172.70 | +0.065% | $3K | $249K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.68 | +0.050% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.66 | +0.041% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.62 | +0.017% | $937K | $621K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.55 | −0.023% | $1.3M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.57 | −0.012% | $862K | $999K | 20x | as long as short |
| Bitget MRNAUSDTlong | 0.0000% | 8h | 172.59 | long leg | $2.6M | $10.5M | 20x | |
| Variational Omni MRNA | 0.0000% | 8h | 172.66 | +0.043% | $56K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.71 | +0.071% | $3 | $147K | 10x | as long as short |
Lighter MRNA
edgeX MRNAUSDC
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Variational Omni MRNA
GRVT MRNA_USDT_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 172.52 | −0.038% | $14K | $431K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.60 | +0.006% | $1.6M | $654K | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.53 | −0.035% | $1.1M | $2.5M | 10x | as long as short |
| BloFin MRNA-USDT | +0.0015% | 8h | 172.82 | +0.133% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.094% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.53 | −0.035% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.54 | −0.029% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0050% | 1h | 172.59 | 0.000% | $2.5M | $4.5M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.47 | −0.070% | $43K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 172.63 | +0.023% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0236% | 1h | 172.60 | +0.006% | $40K | $56K | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
QFEX MRNA-USD
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
SoDEX MRNA-USD