Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.089%
Price spread now: OKX against Lighter+0.035%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$370.372% of the position
Funding, last 7 days−0.323%−$32 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.035%, 7d avg −0.073%
=Together, before fees−0.409%+ Points / potential airdropLighter: Season 3 · farm board−$41 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.108% dearer against Lighter than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.073%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.323% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MRNA | 172.74 | 0.0032 | pay 0.0004% / 1h | 17m 22s | $124K | $1.0M | 10x |
| Short | OKX MRNA-USDT-SWAP | 172.80 | 0 | get 0.0000% / 8h | 17m 22s | $1.4M | $5.0M | 20x |
Lighter MRNA
OKX MRNA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.035% → −0.073%
- $10.77
- Slippage, 4 orders
- −$27.17
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$33.12
- Costs to cover
- 0.372%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; OKX: live order book, 5 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, 3 min ago | 2.89 bp | 3.5 bp −$4 | 30.7 bp −$307 | 173.9 bp −$17.4K | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.03 bp | 16.2 bp −$16 | 96.6 bp −$966 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRNA-USDT | −0.0028% | 8h | 172.78 | +0.023% | $44K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.62 | −0.067% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.74 | 0.000% | $2.2M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.70 | −0.023% | $933K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAPshort | 0.0000% | 8h | 172.80 | +0.035% | $1.4M | $5.0M | 20x | |
| QFEX MRNA-USD | 0.0000% | 1h | 172.68 | −0.035% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.65 | −0.052% | $879K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.64 | −0.058% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.71 | −0.016% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.72 | −0.012% | $579 | $164K | 10x | as long as short |
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
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 | 172.75 | +0.004% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.73 | −0.006% | $1.6M | $645K | 20x | as long as short |
| Lighter MRNAlong | +0.0032% | 1h | 172.74 | long leg | $124K | $1.0M | 10x | |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.174% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.56 | −0.104% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.65 | −0.051% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.65 | −0.052% | $2.6M | $4.2M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.49 | −0.145% | $43K | $39K | 5x | as long as short |
| edgeX MRNAUSDC | +0.0098% | 4h | 172.75 | +0.007% | $3K | $245K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0126% | 1h | 172.69 | −0.029% | $40K | $66K | 10x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 172.59 | −0.087% | $5K | $191K | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
edgeX MRNAUSDC
SoDEX MRNA-USD
Phoenix MRNA