Funding you earn now, next payment 02:00 UTC+0.0656%/8h= +71.8% APRpaid last 24h −0.075%
Price spread now: Gate against Lighter−0.035%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$810.810% of the position
Funding, last 7 days−0.224%−$22 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.035%, 7d avg −0.070%
=Together, before fees−0.208%+ Points / potential airdropLighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Gate is 0.036% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.070%. Mind the row above: over the last 7 days funding on this pair cost −0.224%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.224% in total (about -11.7% 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 | 172.54 | −0.0656 | get 0.0082% / 1h | 19m 59s | $104K | $1.1M | 10x |
| Short | Gate MRNA_USDT | 172.48 | 0 | get 0.0000% / 8h | 6h 19m | $863K | $1.0M | 20x |
Lighter MRNA
Gate MRNA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $137.76
- Price spread: −0.035% → −0.070%
- $3.57
- Slippage, 4 orders
- −$65.99
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $60.34
- Costs to cover
- 0.810%
- Break-even
- 3.9 days
Slippage from Lighter: live order book, 1 min ago; Gate: live order book, 2 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, 1 min ago | 2.61 bp | 3.2 bp −$3 | 28.7 bp −$287 | 172.7 bp −$17.3K | doesn't fit |
| Sell Gate live order book, 2 min ago | 13.63 bp | 45.4 bp −$45 | 1584.7 bp −$15.8K | doesn't fit | doesn't fit |
MRNA on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNAlong | −0.0656% | 1h | 172.54 | long leg | $104K | $1.1M | 10x | |
| QFEX MRNA-USD | 0.0000% | 1h | 172.45 | −0.052% | $1.1M | $2.7M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.57 | +0.018% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.63 | +0.052% | $936K | $741K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.71 | +0.099% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDTshort | 0.0000% | 8h | 172.48 | −0.035% | $863K | $1.0M | 20x | |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.61 | +0.041% | $2.6M | $10.6M | 20x | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.33 | −0.122% | $233 | $152K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.79 | +0.144% | $12K | $428K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.66 | +0.070% | $1.6M | $649K | 20x | as long as short |
QFEX MRNA-USD
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Bitget MRNAUSDT
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.068% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.35 | −0.110% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.50 | −0.021% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.53 | −0.006% | $2.6M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.22 | −0.185% | $43K | $36K | 5x | as long as short |
| Variational Omni MRNA | +0.0065% | 8h | 172.66 | +0.071% | $49K | $89K | — | as long as short |
| Binance MRNAUSDT | +0.0100% | 8h | 172.64 | +0.060% | $2.1M | $11.4M | 20x | as long as short |
| SoDEX MRNA-USD | +0.0136% | 1h | 172.63 | +0.052% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0279% | 1h | 172.31 | −0.133% | $5K | $193K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0860% | 4h | 172.35 | −0.112% | $3K | $246K | 10x | as long as short |
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Variational Omni MRNA
Binance MRNAUSDT
SoDEX MRNA-USD
Phoenix MRNA
edgeX MRNAUSDC