Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.040%
Price spread now: Phemex against Extended−0.023%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.023% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MRNA-USD | 174.17 | 0.0048 | pay 0.0006% / 1h | 48m 31s | $32K | $32K | 10x |
| Short | Phemex MRNAUSDT | 174.13 | 0 | get 0.0000% / 8h | 3h 48m | $1.6M | $642K | 20x |
Extended MRNA-USD
Phemex MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Extended. 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
- −$10.08
- Price spread: −0.023% → 0.000%
- −$2.27
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$29.35
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Extended: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.
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 Extended no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 3.74 bp | 36.6 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 174.23 | +0.032% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 174.21 | +0.023% | $949K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 174.20 | +0.017% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 174.14 | −0.017% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 174.01 | −0.092% | $869K | $996K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.01 | −0.092% | $2.8M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.87 | −0.172% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.83 | −0.195% | $17 | $147K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 174.22 | +0.028% | $14K | $431K | 20x | as long as short |
| Phemex MRNAUSDTshort | 0.0000% | 8h | 174.13 | −0.023% | $1.6M | $642K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MRNAUSDT | +0.0022% | 8h | 174.30 | +0.074% | $2.2M | $11.3M | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.928% | $18K | $8K | 12x | as long as short |
| BloFin MRNA-USDT | +0.0034% | 8h | 173.81 | −0.206% | $45K | $29K | 20x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.86 | −0.178% | $2K | $63K | 10x | as long as short |
| Extended MRNA-USDlong | +0.0048% | 1h | 174.17 | long leg | $32K | $32K | 10x | |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 174.14 | −0.017% | $2.7M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.64 | −0.304% | $43K | $35K | 5x | as long as short |
| Lighter MRNA | +0.0184% | 1h | 174.15 | −0.011% | $158K | $1.1M | 10x | as long as short |
| Phoenix MRNA | +0.0277% | 1h | 173.93 | −0.138% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0539% | 1h | 174.17 | 0.000% | $40K | $56K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0601% | 4h | 173.88 | −0.165% | $3K | $246K | 10x | as long as short |
Binance MRNAUSDT
Injective MRNA/USDC PERP
BloFin MRNA-USDT
Arcus MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Lighter MRNA
Phoenix MRNA
SoDEX MRNA-USD
edgeX MRNAUSDC