Funding you earn now, next payment 08:00 UTC+0.0278%/8h= +30.5% APRpaid last 24h +0.074%
Price spread now: Phoenix against Gate+0.087%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1081.081% of the position
Funding, last 7 days+0.441%+$44 on $10k
+Price spread, last 4 days (all we have)+0.165%+$17 · spread now +0.087%, 7d avg +0.055%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.032% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread 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 | 172.04 | 0 | get 0.0000% / 8h | 7h 52m | $877K | $977K | 20x |
| Short | Phoenix MRNA | 172.19 | 0.0278 | get 0.0035% / 1h | 52m 52s | $5K | $191K | 10x |
Gate MRNA_USDT
Phoenix MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $58.45
- Price spread: +0.087% → +0.055%
- $3.18
- Slippage, 4 orders
- −$86.11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$46.49
- Costs to cover
- 1.081%
- Break-even
- 12.6 days
Slippage from Gate: live order book, 44 min ago; Phoenix: live order book, 39 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, 44 min ago | 17.60 bp | 25.6 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 39 min ago | 4.04 bp | 24.4 bp −$24 | 77.3 bp −$773 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRNA-USDT | −0.0023% | 8h | 172.05 | +0.006% | $45K | $29K | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 171.89 | −0.087% | $1.1M | $2.6M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.18 | +0.079% | $26K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.10 | +0.036% | $2.1M | $11.2M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.02 | −0.012% | $933K | $598K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 171.94 | −0.058% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDTlong | 0.0000% | 8h | 172.04 | long leg | $877K | $977K | 20x | |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.77 | −0.157% | $2.6M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.20 | +0.094% | $57K | $90K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.22 | +0.105% | $71 | $141K | 10x | as long as short |
BloFin MRNA-USDT
QFEX MRNA-USD
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 171.95 | −0.052% | $14K | $430K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.11 | +0.041% | $1.5M | $638K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.801% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 171.99 | −0.029% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 171.90 | −0.079% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 171.54 | −0.291% | $2.5M | $4.3M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 172.03 | −0.006% | $40K | $55K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 171.83 | −0.122% | $42K | $38K | 5x | as long as short |
| Phoenix MRNAshort | +0.0278% | 1h | 172.19 | +0.087% | $5K | $191K | 10x | |
| Lighter MRNA | +0.0312% | 1h | 171.84 | −0.116% | $155K | $1.2M | 10x | as long as short |
| edgeX MRNAUSDC | +0.0857% | 4h | 172.16 | +0.071% | $3K | $250K | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
Lighter MRNA
edgeX MRNAUSDC