Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.010%
Price spread now: tradeXYZ against GRVT−0.075%46s7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$860.863% of the position
Funding, last 7 days+0.145%+$14 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.075%, 7d avg −0.054%
=Together, before fees+0.096%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.021% cheaper against GRVT than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.054%). If the spread goes back, that is −$2 on $10k: about 34 hours of funding at the current rate (+$2 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MRNA_USDT_Perp | 172.55 | 0 | get 0.0000% / 8h | 1h 40m | $550 | $147K | 10x |
| Short | tradeXYZ xyz:MRNA | 172.42 | 0.0050 | get 0.0006% / 1h | 40m 32s | $2.5M | $4.6M | 10x |
GRVT MRNA_USDT_Perp
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.075% → −0.054%
- −$2.15
- Slippage, 4 orders
- −$59.31
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$77.96
- Costs to cover
- 0.863%
- Break-even
- 59.0 days
Slippage from GRVT: live order book, 62 min ago; tradeXYZ: live order book, 8 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, 62 min ago | 2.60 bp | 28.4 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 1.16 bp | 14.6 bp −$15 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0993% | 4h | 172.51 | −0.026% | $3K | $250K | 10x | as long as short |
| Lighter MRNA | −0.0152% | 1h | 172.70 | +0.087% | $156K | $1.2M | 10x | as long as short |
| BloFin MRNA-USDT | −0.0024% | 8h | 172.60 | +0.029% | $45K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.56 | +0.006% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.55 | −0.002% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.55 | 0.000% | $937K | $621K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.41 | −0.081% | $1.3M | $5.4M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.40 | −0.087% | $1.1M | $2.5M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.46 | −0.052% | $861K | $994K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.48 | −0.041% | $2.6M | $10.6M | 20x | as long as short |
edgeX MRNAUSDC
Lighter MRNA
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MRNA | 0.0000% | 8h | 172.49 | −0.032% | $56K | $94K | — | as long as short |
| GRVT MRNA_USDT_Perplong | 0.0000% | 8h | 172.55 | long leg | $550 | $147K | 10x | |
| HTX MRNA-USDT | 0.0000% | 8h | 172.55 | +0.002% | $13K | $431K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.56 | +0.006% | $1.6M | $654K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.073% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.37 | −0.104% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.41 | −0.082% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0050% | 1h | 172.42 | −0.075% | $2.5M | $4.6M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.23 | −0.185% | $43K | $35K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0062% | 1h | 172.44 | −0.064% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 172.50 | −0.029% | $5K | $191K | 10x | as long as short |
Variational Omni MRNA
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA