Funding you earn now, next payment 01:00 UTC−0.0672%/8h= −73.6% APRpaid last 24h −0.060%
Price spread now: Binance against Lighter+0.032%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$460.456% of the position
Funding, last 7 days−0.285%−$28 on $10k
+Price spread, last 2 days (all we have)−0.029%−$3 · spread now +0.032%, 7d avg −0.047%
=Together, before fees−0.314%+ Points / potential airdropLighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.080% dearer against Lighter than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.047%): +$8 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.285% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.285% in total (about -14.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MRNA | 173.15 | 0.0672 | pay 0.0084% / 1h | 54m 39s | $123K | $1.0M | 10x |
| Short | Binance MRNAUSDT | 173.21 | 0 | get 0.0000% / 8h | 7h 54m | $2.2M | $11.5M | 20x |
Lighter MRNA
Binance MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$141.12
- Price spread: +0.032% → −0.047%
- $7.96
- Slippage, 4 orders
- −$35.59
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$178.75
- Costs to cover
- 0.456%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 11 min ago; Binance: live order book, 15 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 Lighter live order book, 11 min ago | 3.17 bp | 4.0 bp −$4 | 34.0 bp −$340 | 178.6 bp −$17.9K | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.87 bp | 19.0 bp −$19 | 52.7 bp −$527 | 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 | −0.0559% | 4h | 173.08 | −0.038% | $3K | $244K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0012% | 8h | 173.13 | −0.012% | $44K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.05 | −0.059% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDTshort | 0.0000% | 8h | 173.21 | +0.032% | $2.2M | $11.5M | 20x | |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.17 | +0.012% | $940K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.09 | −0.035% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.03 | −0.069% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.10 | −0.029% | $872K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.03 | −0.069% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.14 | −0.005% | $49K | $89K | — | as long as short |
edgeX MRNAUSDC
BloFin MRNA-USDT
Aster 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 | 173.10 | −0.029% | $440 | $163K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.17 | +0.012% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.16 | +0.006% | $1.6M | $648K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.392% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.00 | −0.087% | $2K | $65K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.79 | −0.208% | $43K | $40K | 5x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 173.26 | +0.064% | $5K | $193K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0411% | 1h | 173.03 | −0.069% | $40K | $66K | 10x | as long as short |
| Extended MRNA-USD | +0.0624% | 1h | 173.14 | −0.005% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0660% | 1h | 173.03 | −0.069% | $2.6M | $4.2M | 10x | as long as short |
| Lighter MRNAlong | +0.0672% | 1h | 173.15 | long leg | $123K | $1.0M | 10x |
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
SoDEX MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA