Funding you earn now, next payment 08:00 UTC+0.2540%/8h= +278.1% APRnext payment +$25.40 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against OKX+0.150%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$1001.004% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 3 days (all we have)−0.031%−$3 · spread now +0.150%, 7d avg +0.055%
=Together, before fees−0.006%+ Points / potential airdropGRVT: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$76 a day on $10k at the current rate, and GRVT is 0.095% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.055%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$25.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MRNA-USDT-SWAP | 173.46 | 0 | get 0.0000% / 8h | 7h 29m | $1.3M | $5.2M | 20x |
| Short | GRVT MRNA_USDT_Perp | 173.72 | 0.2540 | get 0.2540% / 8h | 7h 29m | $288 | $159K | 10x |
OKX MRNA-USDT-SWAP
GRVT MRNA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against OKX. 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
- $533.4
- Price spread: +0.150% → +0.055%
- $9.52
- Slippage, 4 orders
- −$81.42
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $442.5
- Costs to cover
- 1.004%
- Break-even
- 1.2 days
Slippage from OKX: live order book, 3 min ago; GRVT: live order book, 38 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 OKX live order book, 3 min ago | 1.44 bp | 23.8 bp −$24 | 125.7 bp −$1,257 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 38 min ago | 2.59 bp | 27.9 bp −$28 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRNAUSDT | 0.0000% | 8h | 173.34 | −0.066% | $29K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.54 | +0.046% | $942K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAPlong | 0.0000% | 8h | 173.46 | long leg | $1.3M | $5.2M | 20x | |
| QFEX MRNA-USD | 0.0000% | 1h | 173.42 | −0.023% | $1.1M | $2.7M | 10x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.38 | −0.046% | $2.6M | $10.5M | 20x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.21 | −0.145% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.49 | +0.017% | $1.6M | $647K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.555% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.66 | +0.115% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 173.50 | +0.023% | $32K | $32K | 10x | as long as short |
Aster MRNAUSDT
Bybit MRNAUSDT
QFEX MRNA-USD
Bitget MRNAUSDT
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 173.59 | +0.075% | $2.7M | $4.3M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.55 | +0.052% | $43K | $39K | 5x | as long as short |
| Gate MRNA_USDT | +0.0054% | 8h | 173.49 | +0.017% | $871K | $1.1M | 20x | as long as short |
| Variational Omni MRNA | +0.0099% | 8h | 173.60 | +0.082% | $49K | $89K | — | as long as short |
| BloFin MRNA-USDT | +0.0130% | 8h | 173.85 | +0.225% | $44K | $29K | 20x | as long as short |
| Binance MRNAUSDT | +0.0162% | 8h | 173.50 | +0.023% | $2.2M | $11.4M | 20x | as long as short |
| Phoenix MRNA | +0.0231% | 1h | 173.85 | +0.225% | $5K | $193K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0297% | 4h | 173.67 | +0.121% | $3K | $246K | 10x | as long as short |
| SoDEX MRNA-USD | +0.1455% | 1h | 173.46 | 0.000% | $40K | $66K | 10x | as long as short |
| Lighter MRNA | +0.1672% | 1h | 173.72 | +0.150% | $123K | $1.0M | 10x | as long as short |
| GRVT MRNA_USDT_Perpshort | +0.2540% | 8h | 173.72 | +0.150% | $288 | $159K | 10x |
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Gate MRNA_USDT
Variational Omni MRNA
BloFin MRNA-USDT
Binance MRNAUSDT
Phoenix MRNA
edgeX MRNAUSDC
SoDEX MRNA-USD
Lighter MRNA