Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against OKX−0.105%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1351.349% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.437%+$44 · spread now −0.105%, 7d avg +0.052%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.157% cheaper against OKX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MRNA-USDT-SWAP | 170.76 | 0 | get 0.0000% / 8h | 7h 41m | $1.2M | $5.4M | 20x |
| Short | Phemex MRNAUSDT | 170.58 | 0 | get 0.0000% / 8h | 7h 41m | $1.5M | $646K | 20x |
OKX MRNA-USDT-SWAP
Phemex MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.105% → +0.052%
- −$15.73
- Slippage, 4 orders
- −$112.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$150.68
- Costs to cover
- 1.349%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Phemex: live order book, 2 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, 1 min ago | 2.92 bp | 26.2 bp −$26 | 132.8 bp −$1,328 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 7.30 bp | 43.6 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0010% | 4h | 171.29 | +0.312% | $3K | $253K | 10x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 170.82 | +0.035% | $1.1M | $2.6M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 170.85 | +0.051% | $26K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 170.58 | −0.108% | $2.1M | $11.3M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 170.85 | +0.053% | $919K | $607K | 25x | as long as short |
| OKX MRNA-USDT-SWAPlong | 0.0000% | 8h | 170.76 | long leg | $1.2M | $5.4M | 20x | |
| Gate MRNA_USDT | 0.0000% | 8h | 170.83 | +0.041% | $874K | $979K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 170.67 | −0.053% | $2.6M | $10.6M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 170.92 | +0.092% | $54K | $92K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 171.08 | +0.187% | $2 | $133K | 10x | as long as short |
edgeX MRNAUSDC
QFEX MRNA-USD
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
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 | 171.02 | +0.152% | $14K | $431K | 20x | as long as short |
| Phemex MRNAUSDTshort | 0.0000% | 8h | 170.58 | −0.105% | $1.5M | $646K | 20x | |
| BloFin MRNA-USDT | +0.0019% | 8h | 170.94 | +0.105% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.109% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 170.75 | −0.006% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 170.69 | −0.039% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 170.82 | +0.035% | $2.5M | $4.4M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 170.51 | −0.146% | $39K | $55K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 171.22 | +0.269% | $43K | $36K | 5x | as long as short |
| Phoenix MRNA | +0.0278% | 1h | 171.09 | +0.193% | $5K | $191K | 10x | as long as short |
| Lighter MRNA | +0.0320% | 1h | 170.53 | −0.135% | $120K | $1.2M | 10x | as long as short |
HTX MRNA-USDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
Lighter MRNA