Funding you earn now, next payment 06:00 UTC−0.1120%/8h= −122.6% APRpaid last 24h +0.102%
Price spread now: Lighter against Bybit+0.203%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1091.090% of the position
Funding, last 7 days+0.333%+$33 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.203%, 7d avg +0.062%
=Together, before fees+0.211%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.141% dearer against Bybit than usual: you sell high and buy low (spread +0.203% now, against its 7-day average of +0.062%): +$14 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.333%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.333% in total (about 17.4% 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 | 172.33 | 0 | get 0.0000% / 8h | 2h 30m | $936K | $620K | 25x |
| Short | Lighter MRNA | 172.68 | −0.1120 | pay 0.0140% / 1h | 30m 08s | $156K | $1.2M | 10x |
Bybit MRNAUSDT
Lighter MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$235.2
- Price spread: +0.203% → +0.062%
- $14.14
- Slippage, 4 orders
- −$98.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$330.1
- Costs to cover
- 1.090%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 45 min ago; Lighter: 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, 45 min ago | 6.04 bp | 54.0 bp −$54 | 658.0 bp −$6,580 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 3.47 bp | 5.1 bp −$5 | 33.9 bp −$339 | 185.0 bp −$18.5K | 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 MRNAshort | −0.1120% | 1h | 172.68 | +0.203% | $156K | $1.2M | 10x | |
| edgeX MRNAUSDC | −0.0001% | 4h | 172.54 | +0.120% | $3K | $248K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.29 | −0.025% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.34 | +0.006% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDTlong | 0.0000% | 8h | 172.33 | long leg | $936K | $620K | 25x | |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.28 | −0.029% | $1.3M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.48 | +0.087% | $861K | $999K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.40 | +0.041% | $2.6M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.49 | +0.092% | $55K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.56 | +0.133% | $599 | $148K | 10x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Binance MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
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 | 172.47 | +0.080% | $14K | $431K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.44 | +0.064% | $1.6M | $653K | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.29 | −0.023% | $1.1M | $2.5M | 10x | as long as short |
| BloFin MRNA-USDT | +0.0024% | 8h | 172.54 | +0.122% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.956% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.38 | +0.029% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.11 | −0.128% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.13 | −0.116% | $2.6M | $4.6M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.56 | +0.133% | $42K | $35K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0070% | 1h | 172.34 | +0.006% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 172.67 | +0.197% | $5K | $191K | 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
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA