Funding you earn now, next payment 01:00 UTC−0.1795%/8h= −196.5% APRpaid last 24h −0.071%
Price spread now: Variational Omni against Lighter−0.036%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$54 a day on $10k at the current rate, and Variational Omni is 0.036% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MRNA | 174.09 | 0.1840 | pay 0.0230% / 1h | 35m 01s | $123K | $1.0M | 10x |
| Short | Variational Omni MRNA | 174.03 | 0.0045 | get 0.0045% / 8h | 7h 35m | $49K | $89K | — |
Lighter MRNA
Variational Omni MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$376.88
- Price spread: −0.036% → 0.000%
- −$3.56
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$380.44
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 1 min ago; Variational Omni: 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 | 5.16 bp | 7.7 bp −$8 | 34.5 bp −$345 | 168.8 bp −$16.9K | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Variational Omni: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0174% | 4h | 173.87 | −0.125% | $3K | $245K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.67 | −0.242% | $29K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 174.10 | +0.006% | $946K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.97 | −0.069% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 174.12 | +0.017% | $1.1M | $2.7M | 10x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.94 | −0.086% | $2.7M | $10.5M | 20x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 174.02 | −0.042% | $12K | $428K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 174.05 | −0.023% | $1.6M | $646K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.886% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.93 | −0.092% | $2K | $65K | 10x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Bitget MRNAUSDT
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MRNAshort | +0.0045% | 8h | 174.03 | −0.036% | $49K | $89K | — | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.94 | −0.086% | $43K | $39K | 5x | as long as short |
| tradeXYZ xyz:MRNA | +0.0055% | 1h | 174.02 | −0.040% | $2.6M | $4.2M | 10x | as long as short |
| Extended MRNA-USD | +0.0056% | 1h | 174.00 | −0.051% | $32K | $32K | 10x | as long as short |
| BloFin MRNA-USDT | +0.0085% | 8h | 174.24 | +0.086% | $45K | $29K | 20x | as long as short |
| Binance MRNAUSDT | +0.0107% | 8h | 174.08 | −0.006% | $2.2M | $11.4M | 20x | as long as short |
| Gate MRNA_USDT | +0.0162% | 8h | 174.01 | −0.046% | $876K | $1.1M | 20x | as long as short |
| Phoenix MRNA | +0.0231% | 1h | 174.04 | −0.029% | $5K | $193K | 10x | as long as short |
| SoDEX MRNA-USD | +0.1642% | 1h | 174.09 | 0.000% | $40K | $66K | 10x | as long as short |
| Lighter MRNAlong | +0.1840% | 1h | 174.09 | long leg | $123K | $1.0M | 10x | |
| GRVT MRNA_USDT_Perp | +0.2665% | 8h | 173.89 | −0.115% | $289 | $159K | 10x | as long as short |
Ondo Perps MRNA-USD.P
tradeXYZ xyz:MRNA
Extended MRNA-USD
BloFin MRNA-USDT
Binance MRNAUSDT
Gate MRNA_USDT
Phoenix MRNA
SoDEX MRNA-USD
GRVT MRNA_USDT_Perp