Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%
Price spread now: Phemex against Gate+0.098%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1171.166% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.098%, 7d avg +0.055%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.043% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MRNA_USDT | 172.86 | 0 | get 0.0000% / 8h | 2h 51m | $863K | $998K | 20x |
| Short | Phemex MRNAUSDT | 173.03 | 0 | get 0.0000% / 8h | 2h 51m | $1.6M | $650K | 20x |
Gate MRNA_USDT
Phemex MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $0
- Price spread: +0.098% → +0.055%
- $4.34
- Slippage, 4 orders
- −$89.61
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$112.28
- Costs to cover
- 1.166%
- Break-even
- never at this rate
Slippage from Gate: live order book, 61 min ago; Phemex: 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 Gate live order book, 61 min ago | 12.08 bp | 19.9 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.31 bp | 40.1 bp −$40 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNA | −0.1064% | 1h | 173.20 | +0.197% | $156K | $1.2M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.85 | −0.007% | $27K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.03 | +0.100% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.01 | +0.087% | $940K | $620K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.87 | +0.006% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDTlong | 0.0000% | 8h | 172.86 | long leg | $863K | $998K | 20x | |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.02 | +0.093% | $2.7M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.02 | +0.095% | $55K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.98 | +0.068% | $242 | $148K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.87 | +0.008% | $13K | $430K | 20x | as long as short |
Lighter MRNA
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
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 MRNAUSDTshort | 0.0000% | 8h | 173.03 | +0.098% | $1.6M | $650K | 20x | |
| QFEX MRNA-USD | 0.0000% | 1h | 172.77 | −0.052% | $1.1M | $2.6M | 10x | as long as short |
| BloFin MRNA-USDT | +0.0026% | 8h | 173.02 | +0.093% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.238% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.85 | −0.006% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.83 | −0.017% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.83 | −0.017% | $2.6M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.79 | −0.040% | $42K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 172.83 | −0.017% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0338% | 1h | 172.97 | +0.064% | $40K | $56K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0606% | 4h | 173.01 | +0.089% | $3K | $247K | 10x | as long as short |
QFEX MRNA-USD
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Phoenix MRNA
SoDEX MRNA-USD
edgeX MRNAUSDC