Funding you earn now, next payment 11:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.021%
Price spread now: tradeXYZ against BloFin−0.070%108s7-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
=Funding pays, the price is against you. tradeXYZ is 0.070% cheaper against BloFin than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.2 days of funding at the current rate (+$2 a day). The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MRNA-USDT | 171.19 | −0.0015 | get 0.0015% / 8h | 5h 43m | $45K | $30K | 20x |
| Short | tradeXYZ xyz:MRNA | 171.07 | 0.0058 | get 0.0007% / 1h | 43m 27s | $2.7M | $4.7M | 10x |
BloFin MRNA-USDT
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $15.22
- Price spread: −0.070% → 0.000%
- −$7.01
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$21.79
- Costs to cover
- 0.300%
- Break-even
- 17.0 days
Slippage unknown: BloFin: no order-book sample; tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago | 1.46 bp | 13.7 bp −$14 | 18.3 bp −$183 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRNA-USDTlong | −0.0015% | 8h | 171.19 | long leg | $45K | $30K | 20x | |
| Aster MRNAUSDT | 0.0000% | 8h | 171.06 | −0.076% | $26K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 171.18 | −0.006% | $2.1M | $11.9M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 171.31 | +0.070% | $926K | $621K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 171.18 | −0.006% | $1.2M | $5.5M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 170.90 | −0.169% | $1.1M | $2.3M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 171.08 | −0.064% | $885K | $998K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.07 | −0.070% | $2.6M | $11.1M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 171.15 | −0.025% | $59K | $91K | — | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 171.07 | −0.070% | $13K | $434K | 20x | as long as short |
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
HTX MRNA-USDTShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 171.22 | +0.018% | $1.5M | $683K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.343% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 170.85 | −0.199% | $2K | $65K | 10x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0058% | 1h | 171.07 | −0.070% | $2.7M | $4.7M | 10x | |
| Extended MRNA-USD | +0.0064% | 1h | 171.06 | −0.079% | $31K | $32K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0078% | 1h | 170.82 | −0.216% | $42K | $39K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0118% | 1h | 171.16 | −0.018% | $40K | $55K | 10x | as long as short |
| Lighter MRNA | +0.0184% | 1h | 171.17 | −0.012% | $243K | $1.5M | 10x | as long as short |
| Phoenix MRNA | +0.0278% | 1h | 171.14 | −0.029% | $5K | $205K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0460% | 4h | 171.17 | −0.009% | $3K | $257K | 10x | as long as short |
| GRVT MRNA_USDT_Perp | +0.0462% | 8h | 171.31 | +0.070% | $815 | $128K | 10x | as long as short |
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Lighter MRNA
Phoenix MRNA
edgeX MRNAUSDC
GRVT MRNA_USDT_Perp