Funding you earn now, next payment 11:00 UTC+0.0253%/8h= +27.7% APRpaid last 24h +0.069%
Price spread now: Phoenix against GRVT−0.070%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1021.023% of the position
Funding, last 7 days+0.470%+$47 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.070%, 7d avg +0.010%
=Together, before fees+0.427%+ Points / potential airdropGRVT: Active · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.080% cheaper against GRVT than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of +0.010%). If the spread goes back, that is −$8 on $10k: about 25 hours of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MRNA_USDT_Perp | 169.07 | 0.0073 | pay 0.0073% / 8h | 4h 08m | $37 | $131K | 10x |
| Short | Phoenix MRNA | 168.95 | 0.0326 | get 0.0041% / 1h | 8m 09s | $5K | $208K | 10x |
GRVT MRNA_USDT_Perp
Phoenix MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $53.18
- Price spread: −0.070% → +0.010%
- −$7.99
- Slippage, 4 orders
- −$86.3
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$57.11
- Costs to cover
- 1.023%
- Break-even
- 14.5 days
Slippage from GRVT: live order book, 32 min ago; Phoenix: live order book, 27 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, 32 min ago | 2.64 bp | 28.6 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 27 min ago | 4.12 bp | 24.2 bp −$24 | 76.9 bp −$769 | doesn't fit | doesn't fit |
MRNA on 21 exchanges
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 | −0.0026% | 8h | 168.99 | −0.046% | $46K | $30K | 20x | as long as short |
| edgeX MRNAUSDC | −0.0014% | 4h | 169.01 | −0.031% | $3K | $256K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 169.13 | +0.035% | $25K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 169.16 | +0.053% | $2.1M | $12.1M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 169.20 | +0.078% | $914K | $635K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 169.16 | +0.055% | $1.2M | $5.4M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 168.88 | −0.111% | $1.1M | $2.3M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 169.10 | +0.019% | $884K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 169.04 | −0.016% | $2.6M | $10.9M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 168.98 | −0.053% | $93K | $125K | — | as long as short |
BloFin MRNA-USDT
edgeX MRNAUSDC
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNAShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 169.42 | +0.206% | $13K | $435K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 169.19 | +0.072% | $1.5M | $696K | 20x | as long as short |
| Lighter MRNA | +0.0032% | 1h | 168.95 | −0.070% | $197K | $1.6M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −6.180% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 169.24 | +0.102% | $2K | $65K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 168.97 | −0.058% | $42K | $39K | 5x | as long as short |
| GRVT MRNA_USDT_Perplong | +0.0073% | 8h | 169.07 | long leg | $37 | $131K | 10x | |
| Extended MRNA-USD | +0.0088% | 1h | 168.93 | −0.080% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0095% | 1h | 169.01 | −0.034% | $2.6M | $4.9M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0131% | 1h | 169.09 | +0.013% | $39K | $56K | 10x | as long as short |
| Phoenix MRNAshort | +0.0326% | 1h | 168.95 | −0.070% | $5K | $208K | 10x |
HTX MRNA-USDT
Phemex MRNAUSDT
Lighter MRNA
Injective MRNA/USDC PERP
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD