Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.026%
Price spread now: tradeXYZ against Bybit+0.024%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1561.560% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.024%, 7d avg −0.016%
=Together, before fees+0.156%+ Points / potential airdroptradeXYZ: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.040% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MRNAUSDT | 169.81 | 0 | get 0.0000% / 8h | 6h 56m | $916K | $623K | 25x |
| Short | tradeXYZ xyz:MRNA | 169.85 | 0.0050 | get 0.0006% / 1h | 56m 35s | $2.6M | $4.6M | 10x |
Bybit MRNAUSDT
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: +0.024% → −0.016%
- $3.98
- Slippage, 4 orders
- −$126.98
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$141.5
- Costs to cover
- 1.560%
- Break-even
- 101.3 days
Slippage from Bybit: live order book, 64 min ago; tradeXYZ: 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, 64 min ago | 4.93 bp | 40.0 bp −$40 | 749.4 bp −$7,494 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 1.18 bp | 12.8 bp −$13 | 14.9 bp −$149 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0111% | 4h | 170.02 | +0.123% | $3K | $254K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 170.05 | +0.141% | $26K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 169.90 | +0.053% | $2.1M | $11.7M | 20x | as long as short |
| Bybit MRNAUSDTlong | 0.0000% | 8h | 169.81 | long leg | $916K | $623K | 25x | |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 170.06 | +0.147% | $1.2M | $5.4M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 169.87 | +0.035% | $1.1M | $2.5M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 169.86 | +0.029% | $862K | $971K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 169.76 | −0.029% | $2.6M | $11.1M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 170.41 | +0.355% | $57K | $95K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 170.32 | +0.300% | $296 | $131K | 10x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Binance MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
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 | 169.79 | −0.011% | $13K | $433K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 169.88 | +0.041% | $1.5M | $675K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0016% | 8h | 169.84 | +0.018% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −6.590% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 169.91 | +0.059% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 169.84 | +0.015% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0050% | 1h | 169.85 | +0.024% | $2.6M | $4.6M | 10x | |
| SoDEX MRNA-USD | +0.0050% | 1h | 169.90 | +0.053% | $39K | $55K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 169.71 | −0.059% | $42K | $38K | 5x | as long as short |
| Phoenix MRNA | +0.0278% | 1h | 169.91 | +0.059% | $5K | $205K | 10x | as long as short |
| Lighter MRNA | +0.0440% | 1h | 170.11 | +0.177% | $237K | $1.5M | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
Lighter MRNA