Funding you earn now, next payment 08:00 UTC−0.0191%/8h= −20.9% APRnext payment −$1.91 per $10,000 · paid last 24h −0.028%
Price spread now: Phemex against BloFin−0.058%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phemex is 0.058% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MRNA-USDT | 172.18 | 0.0191 | pay 0.0191% / 8h | 7h 04m | $45K | $29K | 20x |
| Short | Phemex MRNAUSDT | 172.08 | 0 | get 0.0000% / 8h | 7h 04m | $1.5M | $650K | 20x |
BloFin MRNA-USDT
Phemex MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$40.04
- Price spread: −0.058% → 0.000%
- −$5.81
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$69.85
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; Phemex: live order book, 3 min ago. Net counts fees only.
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 BloFin no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 4.65 bp | 35.7 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 172.22 | +0.025% | $29K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.14 | −0.023% | $934K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.04 | −0.081% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 171.92 | −0.151% | $1.2M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.06 | −0.070% | $863K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.04 | −0.081% | $2.6M | $10.6M | 20x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 171.96 | −0.128% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDTshort | 0.0000% | 8h | 172.08 | −0.058% | $1.5M | $650K | 20x | |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.875% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.06 | −0.070% | $2K | $65K | 10x | as long as short |
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
HTX MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MRNA-USD | +0.0048% | 1h | 171.98 | −0.116% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.09 | −0.052% | $2.7M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.09 | −0.052% | $43K | $39K | 5x | as long as short |
| Variational Omni MRNA | +0.0129% | 8h | 172.08 | −0.059% | $49K | $89K | — | as long as short |
| Binance MRNAUSDT | +0.0173% | 8h | 172.14 | −0.023% | $2.1M | $11.5M | 20x | as long as short |
| BloFin MRNA-USDTlong | +0.0191% | 8h | 172.18 | long leg | $45K | $29K | 20x | |
| Phoenix MRNA | +0.0231% | 1h | 172.16 | −0.012% | $5K | $193K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0313% | 1h | 172.10 | −0.046% | $40K | $66K | 10x | as long as short |
| Lighter MRNA | +0.0328% | 1h | 172.16 | −0.012% | $111K | $1.1M | 10x | as long as short |
| edgeX MRNAUSDC | +0.0416% | 4h | 172.14 | −0.022% | $3K | $245K | 10x | as long as short |
| GRVT MRNA_USDT_Perp | +0.0965% | 8h | 172.33 | +0.087% | $219 | $156K | 10x | as long as short |
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Variational Omni MRNA
Binance MRNAUSDT
Phoenix MRNA
SoDEX MRNA-USD
Lighter MRNA
edgeX MRNAUSDC
GRVT MRNA_USDT_Perp