Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.089%
Price spread now: Bybit against Lighter0.000%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1321.321% of the position
Funding, last 7 days−0.323%−$32 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now 0.000%, 7d avg −0.065%
=Together, before fees−0.403%+ Points / potential airdropLighter: Season 3 · farm board−$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.065% dearer against Lighter than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.065%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days. At the pace of the last 7 days (−0.323% in total) that is about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MRNA | 172.70 | 0.0032 | pay 0.0004% / 1h | 26m 19s | $124K | $1.0M | 10x |
| Short | Bybit MRNAUSDT | 172.70 | 0 | get 0.0000% / 8h | 26m 19s | $933K | $1.0M | 25x |
Lighter MRNA
Bybit MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$6.72
- Price spread: 0.000% → −0.065%
- $6.51
- Slippage, 4 orders
- −$121.14
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$132.35
- Costs to cover
- 1.321%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 2.03 bp | 5.9 bp −$6 | 31.7 bp −$317 | 171.8 bp −$17.2K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 8.39 bp | 87.0 bp −$87 | 1373.6 bp −$13.7K | 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 | −0.0538% | 4h | 172.73 | +0.015% | $3K | $243K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.62 | −0.044% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.75 | +0.029% | $2.2M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDTshort | 0.0000% | 8h | 172.70 | 0.000% | $933K | $1.0M | 25x | |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.71 | +0.006% | $1.4M | $5.0M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.69 | −0.006% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.66 | −0.023% | $880K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.66 | −0.023% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.70 | −0.003% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.71 | +0.006% | $599 | $164K | 10x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Binance MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 172.63 | −0.040% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.75 | +0.029% | $1.6M | $645K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0027% | 8h | 172.65 | −0.029% | $44K | $29K | 20x | as long as short |
| Lighter MRNAlong | +0.0032% | 1h | 172.70 | long leg | $124K | $1.0M | 10x | |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.153% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.54 | −0.093% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.62 | −0.046% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.63 | −0.041% | $2.6M | $4.2M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.71 | +0.006% | $43K | $39K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0161% | 1h | 172.69 | −0.006% | $40K | $66K | 10x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 172.67 | −0.017% | $5K | $191K | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA