Funding you earn now, next payment 23:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h −0.081%
Price spread now: Injective against Lighter−8.057%66s7-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 −$1 a day on $10k at the current rate, and Injective is 8.057% cheaper against Lighter than usual: you would sell low and buy high (−$806 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MRNA | 172.52 | 0.0080 | pay 0.0010% / 1h | 14m 09s | $124K | $1.0M | 10x |
| Short | Injective MRNA/USDC PERP | 158.62 | 0.0033 | get 0.0004% / 1h | 14m 09s | $18K | $8K | 12x |
Lighter MRNA
Injective MRNA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$9.8
- Price spread: −8.057% → 0.000%
- −$805.7
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$815.52
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 1 min ago; Injective: 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 | 2.03 bp | 4.6 bp −$5 | 29.5 bp −$295 | 163.2 bp −$16.3K | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX MRNA-USD | 0.0000% | 1h | 172.35 | −0.099% | $1.1M | $2.7M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.37 | −0.086% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.45 | −0.041% | $2.2M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.45 | −0.041% | $932K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.42 | −0.058% | $1.4M | $4.9M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.34 | −0.104% | $878K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.33 | −0.110% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.27 | −0.146% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.25 | −0.154% | $503 | $168K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.41 | −0.066% | $12K | $431K | 20x | as long as short |
QFEX MRNA-USD
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_Perp
HTX MRNA-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 172.42 | −0.058% | $1.6M | $645K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0023% | 8h | 172.36 | −0.093% | $44K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERPshort | +0.0033% | 1h | 158.62 | −8.057% | $18K | $8K | 12x | |
| Arcus MRNA-USD | +0.0040% | 1h | 172.32 | −0.116% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.43 | −0.053% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.45 | −0.041% | $2.6M | $4.2M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.42 | −0.058% | $43K | $39K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0069% | 1h | 172.39 | −0.075% | $40K | $66K | 10x | as long as short |
| Lighter MRNAlong | +0.0080% | 1h | 172.52 | long leg | $124K | $1.0M | 10x | |
| Phoenix MRNA | +0.0324% | 1h | 172.32 | −0.116% | $5K | $192K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0450% | 4h | 172.28 | −0.142% | $3K | $244K | 10x | as long as short |
Phemex MRNAUSDT
BloFin MRNA-USDT
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA
edgeX MRNAUSDC