Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.111%
Price spread now: QFEX against Lighter−0.127%7-day average −0.198% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 4 days (all we have)−0.163%−$16 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now −0.127%, 7d avg −0.198%
=Together, before fees−0.194%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.071% dearer against Lighter than usual: you sell high and buy low (spread −0.127% now, against its 7-day average of −0.198%): +$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 7.4 days. At the pace of the last 4 days (−0.163% in total) that is about 38 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MRNA | 173.78 | 0.0032 | pay 0.0004% / 1h | 16m 20s | $157K | $1.1M | 10x |
| Short | QFEX MRNA-USD | 173.56 | 0 | get 0.0000% / 1h | 16m 20s | $1.1M | $2.6M | 10x |
Lighter MRNA
QFEX MRNA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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: −0.127% → −0.198%
- $7.14
- Slippage, 4 orders
- −$19.95
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$29.53
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; QFEX: live order book, 6 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, 5 min ago | 2.59 bp | 3.9 bp −$4 | 31.8 bp −$318 | 157.7 bp −$15.8K | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.73 bp | 11.9 bp −$12 | 19.6 bp −$196 | 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 | −0.0026% | 4h | 173.65 | −0.076% | $3K | $246K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.79 | +0.003% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.71 | −0.040% | $946K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.68 | −0.058% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USDshort | 0.0000% | 1h | 173.56 | −0.127% | $1.1M | $2.6M | 10x | |
| Gate MRNA_USDT | 0.0000% | 8h | 173.74 | −0.023% | $869K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.69 | −0.052% | $2.8M | $10.6M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.82 | +0.022% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.69 | −0.052% | $238 | $146K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.38 | −0.228% | $13K | $431K | 20x | as long as short |
edgeX MRNAUSDC
Aster 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 | 173.77 | −0.006% | $1.6M | $640K | 20x | as long as short |
| Binance MRNAUSDT | +0.0031% | 8h | 173.76 | −0.012% | $2.2M | $11.2M | 20x | as long as short |
| Lighter MRNAlong | +0.0032% | 1h | 173.78 | long leg | $157K | $1.1M | 10x | |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.724% | $18K | $8K | 12x | as long as short |
| BloFin MRNA-USDT | +0.0039% | 8h | 173.64 | −0.081% | $45K | $29K | 20x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.58 | −0.115% | $2K | $63K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 173.59 | −0.109% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 173.61 | −0.098% | $2.7M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.44 | −0.196% | $43K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0230% | 1h | 173.66 | −0.069% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0390% | 1h | 173.70 | −0.046% | $40K | $56K | 10x | as long as short |
Phemex MRNAUSDT
Binance MRNAUSDT
Injective MRNA/USDC PERP
BloFin MRNA-USDT
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Phoenix MRNA
SoDEX MRNA-USD