Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.043%
Price spread now: Phemex against GRVT+0.172%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1251.255% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.172%, 7d avg +0.004%
=Together, before fees−0.159%+ Points / potential airdropGRVT: Active · farm board−$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.168% dearer against GRVT than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MRNA_USDT_Perp | 173.83 | 0 | get 0.0000% / 8h | 3h 48m | $17 | $147K | 10x |
| Short | Phemex MRNAUSDT | 174.13 | 0 | get 0.0000% / 8h | 3h 48m | $1.6M | $642K | 20x |
GRVT MRNA_USDT_Perp
Phemex MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GRVT. 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: +0.172% → +0.004%
- $16.8
- Slippage, 4 orders
- −$104.49
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$108.69
- Costs to cover
- 1.255%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 64 min ago; Phemex: live order book, 4 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 GRVT live order book, 64 min ago | 3.16 bp | 27.1 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.74 bp | 36.6 bp −$37 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRNAUSDT | 0.0000% | 8h | 174.19 | +0.207% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 174.19 | +0.207% | $949K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 174.20 | +0.213% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.94 | +0.063% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 174.01 | +0.103% | $869K | $996K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.01 | +0.103% | $2.8M | $10.6M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.87 | +0.023% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perplong | 0.0000% | 8h | 173.83 | long leg | $17 | $147K | 10x | |
| HTX MRNA-USDT | 0.0000% | 8h | 174.22 | +0.224% | $14K | $431K | 20x | as long as short |
| Phemex MRNAUSDTshort | 0.0000% | 8h | 174.13 | +0.172% | $1.6M | $642K | 20x |
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
HTX MRNA-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MRNAUSDT | +0.0024% | 8h | 174.28 | +0.259% | $2.2M | $11.3M | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.750% | $18K | $8K | 12x | as long as short |
| BloFin MRNA-USDT | +0.0034% | 8h | 173.81 | −0.012% | $45K | $29K | 20x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.76 | −0.041% | $2K | $63K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 174.04 | +0.120% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 174.06 | +0.132% | $2.7M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.64 | −0.110% | $43K | $35K | 5x | as long as short |
| Lighter MRNA | +0.0184% | 1h | 174.10 | +0.155% | $158K | $1.1M | 10x | as long as short |
| Phoenix MRNA | +0.0277% | 1h | 173.93 | +0.057% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0539% | 1h | 174.17 | +0.195% | $40K | $56K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0601% | 4h | 173.88 | +0.030% | $3K | $246K | 10x | as long as short |
Binance MRNAUSDT
Injective MRNA/USDC PERP
BloFin MRNA-USDT
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Lighter MRNA
Phoenix MRNA
SoDEX MRNA-USD
edgeX MRNAUSDC