Funding you earn now, next payment 10:00 UTC+0.0245%/8h= +26.8% APRnext payment +$0.31 per $10,000 · paid last 24h +0.059%
Price spread now: Phoenix against Injective+7.799%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 7.799% dearer against Injective than usual: you sell high and buy low: +$780 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MRNA/USDC PERP | 158.62 | 0.0033 | pay 0.0004% / 1h | 28m 55s | $18K | $8K | 12x |
| Short | Phoenix MRNA | 170.99 | 0.0278 | get 0.0035% / 1h | 28m 55s | $5K | $205K | 10x |
Injective MRNA/USDC PERP
Phoenix MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- $51.46
- Price spread: +7.799% → 0.000%
- $779.85
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $824.29
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 11 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 11 min ago | 4.09 bp | 24.0 bp −$24 | 77.2 bp −$772 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0028% | 8h | 171.43 | +8.076% | $46K | $30K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 170.96 | +7.780% | $26K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 171.34 | +8.019% | $2.1M | $12.0M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 171.17 | +7.912% | $925K | $621K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 171.24 | +7.956% | $1.2M | $5.5M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 171.10 | +7.868% | $1.1M | $2.3M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 171.28 | +7.981% | $886K | $998K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.21 | +7.937% | $2.6M | $11.1M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 171.05 | +7.839% | $59K | $91K | — | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 171.20 | +7.931% | $13K | $434K | 20x | as long as short |
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
HTX MRNA-USDTShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 171.28 | +7.981% | $1.5M | $688K | 20x | as long as short |
| Injective MRNA/USDC PERPlong | +0.0033% | 1h | 158.62 | long leg | $18K | $8K | 12x | |
| Arcus MRNA-USD | +0.0040% | 1h | 170.95 | +7.773% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 171.26 | +7.971% | $31K | $32K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 171.09 | +7.862% | $42K | $39K | 5x | as long as short |
| tradeXYZ xyz:MRNA | +0.0054% | 1h | 171.14 | +7.893% | $2.7M | $4.7M | 10x | as long as short |
| Lighter MRNA | +0.0120% | 1h | 171.29 | +7.988% | $246K | $1.5M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0267% | 1h | 171.31 | +8.000% | $40K | $55K | 10x | as long as short |
| Phoenix MRNAshort | +0.0278% | 1h | 170.99 | +7.799% | $5K | $205K | 10x | |
| edgeX MRNAUSDC | +0.0345% | 4h | 171.14 | +7.893% | $3K | $257K | 10x | as long as short |
| GRVT MRNA_USDT_Perp | +0.0537% | 8h | 171.11 | +7.872% | $809 | $128K | 10x | as long as short |
Phemex MRNAUSDT
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
tradeXYZ xyz:MRNA
Lighter MRNA
SoDEX MRNA-USD
edgeX MRNAUSDC
GRVT MRNA_USDT_Perp