Funding you earn now, next payment 04:00 UTC+0.0416%/8h= +45.6% APRpaid last 24h +0.064%
Price spread now: edgeX against Phemex+0.025%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1011.011% of the position
Funding, last 7 days−0.300%−$30 on $10k
+Price spread, last 3 days (all we have)−0.075%−$7 · spread now +0.025%, 7d avg −0.040%
=Together, before fees−0.375%+ Points / potential airdropedgeX: Active · farm board−$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and edgeX is 0.064% dearer against Phemex than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.300%, 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 | Phemex MRNAUSDT | 172.10 | 0 | get 0.0000% / 8h | 7h 03m | $1.5M | $650K | 20x |
| Short | edgeX MRNAUSDC | 172.14 | 0.0416 | get 0.0208% / 4h | 3h 03m | $3K | $245K | 10x |
Phemex MRNAUSDT
edgeX MRNAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $87.44
- Price spread: +0.025% → −0.040%
- $6.43
- Slippage, 4 orders
- −$80.08
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$7.21
- Costs to cover
- 1.011%
- Break-even
- 7.6 days
Slippage from Phemex: live order book, 5 min ago; edgeX: live order book, 4 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, 5 min ago | 4.65 bp | 44.4 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 3.48 bp | 10.4 bp −$10 | 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 | 172.16 | +0.035% | $29K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.15 | +0.029% | $934K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.12 | +0.012% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.09 | −0.006% | $1.2M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.00 | −0.058% | $863K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.98 | −0.070% | $2.6M | $10.6M | 20x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.09 | −0.005% | $12K | $428K | 20x | as long as short |
| Phemex MRNAUSDTlong | 0.0000% | 8h | 172.10 | long leg | $1.5M | $650K | 20x | |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.833% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.04 | −0.035% | $2K | $65K | 10x | as long as short |
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
HTX MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MRNA-USD | +0.0048% | 1h | 172.07 | −0.018% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.08 | −0.012% | $2.7M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 171.98 | −0.070% | $43K | $39K | 5x | as long as short |
| Variational Omni MRNA | +0.0129% | 8h | 172.08 | −0.013% | $49K | $89K | — | as long as short |
| Binance MRNAUSDT | +0.0167% | 8h | 172.13 | +0.017% | $2.1M | $11.5M | 20x | as long as short |
| BloFin MRNA-USDT | +0.0178% | 8h | 172.06 | −0.023% | $44K | $29K | 20x | as long as short |
| Phoenix MRNA | +0.0231% | 1h | 172.06 | −0.023% | $5K | $193K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0241% | 1h | 172.13 | +0.017% | $40K | $66K | 10x | as long as short |
| Lighter MRNA | +0.0272% | 1h | 172.14 | +0.023% | $111K | $1.1M | 10x | as long as short |
| edgeX MRNAUSDCshort | +0.0416% | 4h | 172.14 | +0.025% | $3K | $245K | 10x | |
| GRVT MRNA_USDT_Perp | +0.0667% | 8h | 172.13 | +0.016% | $201 | $155K | 10x | as long as short |
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Variational Omni MRNA
Binance MRNAUSDT
BloFin MRNA-USDT
Phoenix MRNA
SoDEX MRNA-USD
Lighter MRNA
GRVT MRNA_USDT_Perp