Funding you earn now, next payment 04:00 UTC+0.0851%/8h= +93.2% APRpaid last 24h −0.046%
Price spread now: Gate against edgeX−0.146%67s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as 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−$910.907% of the position
Funding, last 7 days+0.397%+$40 on $10k
+Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.146%, 7d avg −0.018%
=Together, before fees+0.453%+ Points / potential airdropedgeX: Active · farm board+$45 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.128% cheaper against edgeX than usual: you would sell low and buy high (spread −0.146% now, against its 7-day average of −0.018%). If the spread goes back, that is −$13 on $10k: about 12 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.397% in total) that is about 2.3 days. The two prices were read 67 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 0.397% in total (about 20.7% 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 | edgeX MRNAUSDC | 172.31 | −0.0851 | get 0.0425% / 4h | 3h 06m | $3K | $245K | 10x |
| Short | Gate MRNA_USDT | 172.06 | 0 | get 0.0000% / 8h | 7h 06m | $863K | $1.1M | 20x |
edgeX MRNAUSDC
Gate MRNA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against edgeX. 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
- $178.71
- Price spread: −0.146% → −0.018%
- −$12.82
- Slippage, 4 orders
- −$66.65
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $75.24
- Costs to cover
- 0.907%
- Break-even
- 4.1 days
Slippage from edgeX: live order book, 66 min ago; Gate: 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 edgeX live order book, 66 min ago | 5.20 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 16.23 bp | 32.2 bp −$32 | 1601.3 bp −$16.0K | 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 MRNAUSDClong | −0.0851% | 4h | 172.31 | long leg | $3K | $245K | 10x | |
| Aster MRNAUSDT | 0.0000% | 8h | 172.21 | −0.058% | $29K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.11 | −0.117% | $934K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.07 | −0.140% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 171.91 | −0.233% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDTshort | 0.0000% | 8h | 172.06 | −0.146% | $863K | $1.1M | 20x | |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.96 | −0.204% | $2.6M | $10.6M | 20x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.31 | −0.002% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.25 | −0.036% | $1.5M | $650K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.946% | $18K | $8K | 12x | as long as short |
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Bitget MRNAUSDT
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus MRNA-USD | +0.0040% | 1h | 172.21 | −0.059% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 171.91 | −0.234% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 171.95 | −0.210% | $2.7M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.09 | −0.129% | $43K | $39K | 5x | as long as short |
| Variational Omni MRNA | +0.0137% | 8h | 172.50 | +0.107% | $49K | $89K | — | as long as short |
| Binance MRNAUSDT | +0.0182% | 8h | 172.15 | −0.094% | $2.1M | $11.5M | 20x | as long as short |
| BloFin MRNA-USDT | +0.0185% | 8h | 172.18 | −0.076% | $44K | $29K | 20x | as long as short |
| Phoenix MRNA | +0.0231% | 1h | 172.16 | −0.088% | $5K | $193K | 10x | as long as short |
| Lighter MRNA | +0.0384% | 1h | 172.30 | −0.007% | $112K | $1.1M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0399% | 1h | 172.15 | −0.094% | $40K | $66K | 10x | as long as short |
| GRVT MRNA_USDT_Perp | +0.0965% | 8h | 172.33 | +0.011% | $219 | $156K | 10x | as long as short |
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Variational Omni MRNA
Binance MRNAUSDT
BloFin MRNA-USDT
Phoenix MRNA
Lighter MRNA
SoDEX MRNA-USD
GRVT MRNA_USDT_Perp