Funding you earn now, next payment 05:00 UTC−0.0752%/8h= −82.3% APRnext payment −$0.94 per $10,000 · paid last 24h −0.090%
Price spread now: Arcus against Lighter−0.189%7-day average — · you buy dearer than you sell
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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Arcus is 0.189% cheaper against Lighter than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MRNA | 174.57 | 0.0792 | pay 0.0099% / 1h | 24m 44s | $158K | $1.1M | 10x |
| Short | Arcus MRNA-USD | 174.24 | 0.0040 | get 0.0005% / 1h | 24m 44s | $2K | $64K | 10x |
Lighter MRNA
Arcus MRNA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter. 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
- −$157.86
- Price spread: −0.189% → 0.000%
- −$18.9
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$181.27
- Costs to cover
- 0.045%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 1 min ago; Arcus: no order-book sample. 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 Lighter live order book, 1 min ago | 3.15 bp | 4.3 bp −$4 | 31.7 bp −$317 | 169.3 bp −$16.9K | doesn't fit |
| Sell Arcus no order-book sample | — | — | — | — | — |
Arcus: 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 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 | −0.0809% | 4h | 174.50 | −0.043% | $3K | $246K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0003% | 8h | 174.58 | +0.006% | $45K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 174.42 | −0.086% | $28K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 174.47 | −0.057% | $2.2M | $11.3M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 174.39 | −0.103% | $951K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 174.27 | −0.172% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 174.36 | −0.120% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 174.42 | −0.086% | $872K | $997K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.40 | −0.097% | $2.8M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 174.43 | −0.079% | $56K | $96K | — | as long as short |
edgeX MRNAUSDC
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNAShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 174.49 | −0.045% | $661 | $149K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 174.56 | −0.007% | $14K | $430K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 174.46 | −0.063% | $1.6M | $644K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −9.137% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USDshort | +0.0040% | 1h | 174.24 | −0.189% | $2K | $64K | 10x | |
| Extended MRNA-USD | +0.0048% | 1h | 174.28 | −0.165% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 174.27 | −0.172% | $2.7M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 174.42 | −0.086% | $43K | $35K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0269% | 1h | 174.43 | −0.080% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0277% | 1h | 174.47 | −0.057% | $5K | $191K | 10x | as long as short |
| Lighter MRNAlong | +0.0792% | 1h | 174.57 | long leg | $158K | $1.1M | 10x |
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA