Funding you earn now, next payment 12:00 UTC+0.0725%/8h= +79.4% APRpaid last 24h +0.040%
Price spread now: edgeX against Bybit+0.060%51s7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1511.514% of the position
Funding, last 7 days−0.336%−$34 on $10k
+Price spread, last 4 days (all we have)+0.282%+$28 · spread now +0.060%, 7d avg +0.006%
=Together, before fees−0.053%+ Points / potential airdropedgeX: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and edgeX is 0.054% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.336%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.336% in total (about -17.5% 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 | Bybit MRNAUSDT | 169.13 | 0 | get 0.0000% / 8h | 7h 26m | $908K | $615K | 25x |
| Short | edgeX MRNAUSDC | 169.23 | 0.0725 | get 0.0363% / 4h | 3h 26m | $3K | $253K | 10x |
Bybit MRNAUSDT
edgeX MRNAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bybit. 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
- $152.25
- Price spread: +0.060% → +0.006%
- $5.43
- Slippage, 4 orders
- −$131.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $6.3
- Costs to cover
- 1.514%
- Break-even
- 6.7 days
Slippage from Bybit: live order book, 34 min ago; edgeX: live order book, 6 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 Bybit live order book, 34 min ago | 4.93 bp | 40.0 bp −$40 | 749.4 bp −$7,494 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 6 min ago | 2.96 bp | 10.1 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX MRNA-USD | 0.0000% | 1h | 168.98 | −0.089% | $1.1M | $2.5M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 169.07 | −0.033% | $26K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 169.18 | +0.030% | $2.1M | $11.5M | 20x | as long as short |
| Bybit MRNAUSDTlong | 0.0000% | 8h | 169.13 | long leg | $908K | $615K | 25x | |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 169.21 | +0.047% | $1.2M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 169.13 | 0.000% | $866K | $984K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 169.10 | −0.018% | $2.5M | $10.8M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 169.33 | +0.117% | $54K | $92K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 169.29 | +0.095% | $3 | $133K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 169.28 | +0.090% | $13K | $432K | 20x | as long as short |
QFEX MRNA-USD
Aster MRNAUSDT
Binance MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_Perp
HTX MRNA-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 169.26 | +0.077% | $1.5M | $655K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0024% | 8h | 169.19 | +0.035% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −6.214% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 169.05 | −0.047% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 169.10 | −0.018% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 169.16 | +0.018% | $2.5M | $4.4M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 169.12 | −0.006% | $39K | $55K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 168.74 | −0.231% | $41K | $36K | 5x | as long as short |
| Lighter MRNA | +0.0208% | 1h | 169.14 | +0.006% | $97K | $1.2M | 10x | as long as short |
| Phoenix MRNA | +0.0278% | 1h | 169.31 | +0.106% | $5K | $191K | 10x | as long as short |
| edgeX MRNAUSDCshort | +0.0725% | 4h | 169.23 | +0.060% | $3K | $253K | 10x |
Phemex MRNAUSDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
Lighter MRNA
Phoenix MRNA