Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%
Price spread now: Binance against Phemex−0.029%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1091.093% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 2 days (all we have)+0.027%+$3 · spread now −0.029%, 7d avg −0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.024% cheaper against Phemex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MRNAUSDT | 173.28 | 0 | get 0.0000% / 8h | 7h 53m | $1.6M | $648K | 20x |
| Short | Binance MRNAUSDT | 173.23 | 0 | get 0.0000% / 8h | 7h 53m | $2.2M | $11.4M | 20x |
Phemex MRNAUSDT
Binance MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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: −0.029% → −0.005%
- −$2.42
- Slippage, 4 orders
- −$87.29
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$111.71
- Costs to cover
- 1.093%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Binance: live order book, 1 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 Phemex live order book, 4 min ago | 0.58 bp | 39.5 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 2.02 bp | 16.4 bp −$16 | 53.8 bp −$538 | 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 | −0.0559% | 4h | 173.08 | −0.113% | $3K | $244K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0012% | 8h | 173.13 | −0.087% | $44K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.10 | −0.101% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDTshort | 0.0000% | 8h | 173.23 | −0.029% | $2.2M | $11.4M | 20x | |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.43 | +0.087% | $941K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.29 | +0.006% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.03 | −0.144% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.14 | −0.081% | $872K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.06 | −0.127% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.14 | −0.080% | $49K | $89K | — | as long as short |
edgeX MRNAUSDC
BloFin MRNA-USDT
Aster 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 | 173.10 | −0.104% | $440 | $163K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.28 | −0.002% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDTlong | 0.0000% | 8h | 173.28 | long leg | $1.6M | $648K | 20x | |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.460% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.00 | −0.162% | $2K | $65K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.79 | −0.283% | $43K | $40K | 5x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 173.26 | −0.012% | $5K | $193K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0477% | 1h | 173.17 | −0.063% | $40K | $66K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0584% | 1h | 173.19 | −0.052% | $2.6M | $4.2M | 10x | as long as short |
| Extended MRNA-USD | +0.0656% | 1h | 173.18 | −0.057% | $32K | $32K | 10x | as long as short |
| Lighter MRNA | +0.0744% | 1h | 173.22 | −0.035% | $123K | $1.0M | 10x | as long as short |
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
SoDEX MRNA-USD
tradeXYZ xyz:MRNA
Extended MRNA-USD
Lighter MRNA