Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bybit+0.023%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1871.866% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.067%+$7 · spread now +0.023%, 7d avg +0.042%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MRNAUSDT | 172.14 | 0 | get 0.0000% / 8h | 6h 40m | $933K | $1.0M | 25x |
| Short | Phemex MRNAUSDT | 172.18 | 0 | get 0.0000% / 8h | 6h 40m | $1.6M | $649K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.023% → +0.042%
- −$1.85
- Slippage, 4 orders
- −$163.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$188.47
- Costs to cover
- 1.866%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Phemex: live order book, 2 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, 5 min ago | 4.64 bp | 44.7 bp −$45 | 547.5 bp −$5,475 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.06 bp | 48.2 bp −$48 | 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 | −0.0712% | 1h | 172.22 | +0.046% | $109K | $1.1M | 10x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.14 | 0.000% | $1.2M | $2.7M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.24 | +0.058% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDTlong | 0.0000% | 8h | 172.14 | long leg | $933K | $1.0M | 25x | |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.09 | −0.029% | $1.3M | $5.2M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.21 | +0.041% | $862K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.06 | −0.046% | $2.6M | $10.6M | 20x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.07 | −0.040% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDTshort | 0.0000% | 8h | 172.18 | +0.023% | $1.6M | $649K | 20x | |
| edgeX MRNAUSDC | +0.0027% | 4h | 172.34 | +0.117% | $3K | $245K | 10x | as long as short |
Show all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.854% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.17 | +0.017% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.09 | −0.027% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.07 | −0.041% | $2.6M | $4.4M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 172.13 | −0.006% | $40K | $66K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.15 | +0.006% | $43K | $39K | 5x | as long as short |
| GRVT MRNA_USDT_Perp | +0.0057% | 8h | 172.26 | +0.068% | $224 | $154K | 10x | as long as short |
| Variational Omni MRNA | +0.0091% | 8h | 172.16 | +0.011% | $49K | $89K | — | as long as short |
| Binance MRNAUSDT | +0.0121% | 8h | 172.16 | +0.012% | $2.1M | $11.5M | 20x | as long as short |
| BloFin MRNA-USDT | +0.0133% | 8h | 172.49 | +0.203% | $45K | $29K | 20x | as long as short |
| Phoenix MRNA | +0.0279% | 1h | 172.33 | +0.110% | $5K | $193K | 10x | as long as short |
Bybit MRNAUSDT
Phemex MRNAUSDT
Lighter MRNA
Aster MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
HTX MRNA-USDT
edgeX MRNAUSDC
Injective MRNA/USDC PERP
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD
GRVT MRNA_USDT_Perp
Variational Omni MRNA
Binance MRNAUSDT
BloFin MRNA-USDT
Phoenix MRNA