Funding you earn now, next payment 04:00 UTC+0.0351%/8h= +38.5% APRpaid last 24h −0.003%
Price spread now: tradeXYZ against edgeX−0.075%106s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs+$11as 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−$440.438% of the position
Funding, last 7 days+0.550%+$55 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now −0.075%, 7d avg −0.021%
=Together, before fees+0.413%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$41 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.054% cheaper against edgeX than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.021%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$11 a day). The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MRNAUSDC | 173.56 | −0.0301 | get 0.0151% / 4h | 5m 51s | $3K | $246K | 10x |
| Short | tradeXYZ xyz:MRNA | 173.43 | 0.0050 | get 0.0006% / 1h | 5m 51s | $2.7M | $4.4M | 10x |
edgeX MRNAUSDC
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $73.81
- Price spread: −0.075% → −0.021%
- −$5.43
- Slippage, 4 orders
- −$16.83
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $24.54
- Costs to cover
- 0.438%
- Break-even
- 4.7 days
Slippage from edgeX: live order book, 51 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 edgeX live order book, 51 min ago | 1.73 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 0.86 bp | 14.2 bp −$14 | 20.8 bp −$208 | 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 | −0.0301% | 4h | 173.56 | long leg | $3K | $246K | 10x | |
| Aster MRNAUSDT | 0.0000% | 8h | 173.66 | +0.058% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.63 | +0.040% | $946K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.45 | −0.064% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.48 | −0.046% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.55 | −0.006% | $868K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.62 | +0.034% | $2.8M | $10.6M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.57 | +0.005% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.59 | +0.018% | $222 | $146K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.50 | −0.037% | $14K | $431K | 20x | as long as short |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 173.59 | +0.017% | $1.6M | $640K | 20x | as long as short |
| Binance MRNAUSDT | +0.0025% | 8h | 173.56 | 0.000% | $2.2M | $11.2M | 20x | as long as short |
| BloFin MRNA-USDT | +0.0029% | 8h | 173.66 | +0.057% | $45K | $29K | 20x | as long as short |
| Lighter MRNA | +0.0032% | 1h | 173.64 | +0.046% | $157K | $1.1M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.608% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.45 | −0.064% | $2K | $63K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 173.43 | −0.076% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0050% | 1h | 173.43 | −0.075% | $2.7M | $4.4M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.52 | −0.023% | $43K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0230% | 1h | 173.73 | +0.098% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0315% | 1h | 173.57 | +0.005% | $40K | $56K | 10x | as long as short |
Phemex MRNAUSDT
Binance MRNAUSDT
BloFin MRNA-USDT
Lighter MRNA
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
SoDEX MRNA-USD