Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.036%
Price spread now: tradeXYZ against Lighter−0.075%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.075%, 7d avg −0.076%
=Together, before fees−0.085%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.076%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.110%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MRNA | 172.86 | 0.0032 | pay 0.0004% / 1h | 12m 16s | $124K | $1.0M | 10x |
| Short | tradeXYZ xyz:MRNA | 172.73 | 0.0050 | get 0.0006% / 1h | 12m 16s | $2.6M | $4.2M | 10x |
Lighter MRNA
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.78
- Price spread: −0.075% → −0.076%
- $0.05
- Slippage, 4 orders
- −$20.58
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$34.75
- Costs to cover
- 0.386%
- Break-even
- 71.4 days
Slippage from Lighter: live order book, 3 min ago; tradeXYZ: 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, 3 min ago | 2.03 bp | 3.0 bp −$3 | 28.7 bp −$287 | 162.9 bp −$16.3K | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 1.45 bp | 12.0 bp −$12 | 16.3 bp −$163 | 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 | −0.0034% | 4h | 172.80 | −0.034% | $3K | $245K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0021% | 8h | 172.79 | −0.040% | $44K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.71 | −0.087% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.90 | +0.024% | $2.2M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.76 | −0.058% | $933K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.89 | +0.017% | $1.4M | $5.0M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.61 | −0.145% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.73 | −0.075% | $880K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.75 | −0.064% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.80 | −0.035% | $49K | $89K | — | as long as short |
edgeX MRNAUSDC
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNAShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.73 | −0.075% | $579 | $164K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.81 | −0.030% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.93 | +0.040% | $1.6M | $645K | 20x | as long as short |
| Lighter MRNAlong | +0.0032% | 1h | 172.86 | long leg | $124K | $1.0M | 10x | |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.238% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.64 | −0.127% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.72 | −0.080% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0050% | 1h | 172.73 | −0.075% | $2.6M | $4.2M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.77 | −0.052% | $43K | $39K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0142% | 1h | 172.86 | 0.000% | $40K | $66K | 10x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 172.71 | −0.087% | $5K | $191K | 10x | as long as short |
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA