Funding you earn now, next payment 21:00 UTC+0.1106%/8h= +121.1% APRpaid last 24h +0.044%
Price spread now: Phoenix against edgeX+0.017%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$770.774% of the position
Funding, last 7 days+0.864%+$86 on $10k
+Price spread, last 3 days (all we have)−0.186%−$19 · spread now +0.017%, 7d avg +0.039%
=Together, before fees+0.678%+ Points / potential airdropedgeX: Active · farm board+$68 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.021% cheaper against edgeX than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.039%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.864% in total) that is about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MRNAUSDC | 173.05 | −0.0921 | get 0.0460% / 4h | 2h 08m | $3K | $241K | 10x |
| Short | Phoenix MRNA | 173.08 | 0.0185 | get 0.0023% / 1h | 8m 15s | $5K | $192K | 10x |
edgeX MRNAUSDC
Phoenix MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $232.27
- Price spread: +0.017% → +0.039%
- −$2.11
- Slippage, 4 orders
- −$61.36
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $152.81
- Costs to cover
- 0.774%
- Break-even
- 2.4 days
Slippage from edgeX: live order book, 14 min ago; Phoenix: live order book, 9 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, 14 min ago | 4.62 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 9 min ago | 2.89 bp | 19.0 bp −$19 | 57.7 bp −$577 | 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 | −0.0921% | 4h | 173.05 | long leg | $3K | $241K | 10x | |
| BloFin MRNA-USDT | −0.0026% | 8h | 173.04 | −0.006% | $44K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.81 | −0.136% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.90 | −0.087% | $2.2M | $11.2M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.97 | −0.046% | $936K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.85 | −0.115% | $1.4M | $4.9M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.75 | −0.173% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.87 | −0.104% | $882K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.75 | −0.173% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.06 | +0.003% | $28K | $77K | — | as long as short |
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNAShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.13 | +0.046% | $3 | $172K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.95 | −0.058% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.96 | −0.052% | $1.6M | $634K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.339% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.80 | −0.144% | $2K | $65K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.71 | −0.196% | $43K | $39K | 5x | as long as short |
| Lighter MRNA | +0.0088% | 1h | 172.92 | −0.075% | $125K | $1.0M | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0149% | 1h | 172.80 | −0.144% | $2.6M | $4.2M | 10x | as long as short |
| Extended MRNA-USD | +0.0152% | 1h | 172.79 | −0.152% | $32K | $32K | 10x | as long as short |
| Phoenix MRNAshort | +0.0185% | 1h | 173.08 | +0.017% | $5K | $192K | 10x | |
| SoDEX MRNA-USD | +0.0438% | 1h | 172.83 | −0.127% | $69 | $55K | 10x | as long as short |
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
Lighter MRNA
tradeXYZ xyz:MRNA
Extended MRNA-USD
SoDEX MRNA-USD