Funding you earn now, next payment 08:00 UTC−0.0189%/8h= −20.7% APRpaid last 24h −0.037%
Price spread now: Phemex against edgeX+0.103%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1151.152% of the position
Funding, last 7 days+0.363%+$36 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.103%, 7d avg +0.042%
=Together, before fees+0.340%+ Points / potential airdropedgeX: Active · farm board+$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.061% dearer against edgeX than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of +0.042%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 26 hours. Mind the row above: over the last 7 days funding on this pair paid +0.363%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MRNAUSDC | 174.20 | 0.0189 | pay 0.0095% / 4h | 3h 47m | $3K | $247K | 10x |
| Short | Phemex MRNAUSDT | 174.38 | 0 | get 0.0000% / 8h | 3h 47m | $1.6M | $643K | 20x |
edgeX MRNAUSDC
Phemex MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$39.7
- Price spread: +0.103% → +0.042%
- $6.13
- Slippage, 4 orders
- −$94.17
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$148.74
- Costs to cover
- 1.152%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 5 min ago; Phemex: live order book, 1 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, 5 min ago | 5.18 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 3.15 bp | 43.9 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRNAUSDT | 0.0000% | 8h | 174.29 | +0.050% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 174.26 | +0.034% | $949K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 174.35 | +0.086% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 174.32 | +0.069% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 174.09 | −0.063% | $870K | $996K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.38 | +0.103% | $2.8M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.87 | −0.190% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 174.19 | −0.008% | $17 | $147K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 174.39 | +0.110% | $13K | $431K | 20x | as long as short |
| Phemex MRNAUSDTshort | 0.0000% | 8h | 174.38 | +0.103% | $1.6M | $643K | 20x |
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRNA-USDT | +0.0014% | 8h | 174.50 | +0.172% | $45K | $29K | 20x | as long as short |
| Binance MRNAUSDT | +0.0021% | 8h | 174.43 | +0.131% | $2.2M | $11.3M | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.944% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.96 | −0.138% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 174.16 | −0.023% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 174.25 | +0.029% | $2.7M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.64 | −0.321% | $43K | $35K | 5x | as long as short |
| edgeX MRNAUSDClong | +0.0189% | 4h | 174.20 | long leg | $3K | $247K | 10x | |
| Phoenix MRNA | +0.0277% | 1h | 173.93 | −0.155% | $5K | $191K | 10x | as long as short |
| Lighter MRNA | +0.0392% | 1h | 174.32 | +0.069% | $158K | $1.1M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0621% | 1h | 174.42 | +0.126% | $40K | $56K | 10x | as long as short |
BloFin MRNA-USDT
Binance MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Phoenix MRNA
Lighter MRNA
SoDEX MRNA-USD