Funding you earn now, next payment 08:00 UTC+0.0965%/8h= +105.7% APRnext payment +$9.65 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against Phemex+0.099%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1331.326% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 3 days (all we have)−0.145%−$14 · spread now +0.099%, 7d avg +0.001%
=Together, before fees−0.120%+ Points / potential airdropGRVT: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and GRVT is 0.097% dearer against Phemex than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.001%.
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 +$9.65 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 | Phemex MRNAUSDT | 172.16 | 0 | get 0.0000% / 8h | 7h 05m | $1.5M | $650K | 20x |
| Short | GRVT MRNA_USDT_Perp | 172.33 | 0.0965 | get 0.0965% / 8h | 7h 05m | $219 | $156K | 10x |
Phemex MRNAUSDT
GRVT MRNA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $202.65
- Price spread: +0.099% → +0.001%
- $9.74
- Slippage, 4 orders
- −$111.64
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $79.75
- Costs to cover
- 1.326%
- Break-even
- 4.2 days
Slippage from Phemex: live order book, 2 min ago; GRVT: live order book, 62 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, 2 min ago | 4.65 bp | 44.4 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 62 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 | 172.22 | +0.036% | $29K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.11 | −0.029% | $934K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.07 | −0.052% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 171.90 | −0.151% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.06 | −0.058% | $863K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.96 | −0.116% | $2.6M | $10.6M | 20x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 171.95 | −0.120% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDTlong | 0.0000% | 8h | 172.16 | long leg | $1.5M | $650K | 20x | |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.865% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.12 | −0.023% | $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 | 171.92 | −0.140% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 171.93 | −0.134% | $2.7M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.09 | −0.041% | $43K | $39K | 5x | as long as short |
| Variational Omni MRNA | +0.0129% | 8h | 172.08 | −0.048% | $49K | $89K | — | as long as short |
| Binance MRNAUSDT | +0.0177% | 8h | 172.10 | −0.034% | $2.1M | $11.5M | 20x | as long as short |
| BloFin MRNA-USDT | +0.0185% | 8h | 172.18 | +0.012% | $44K | $29K | 20x | as long as short |
| Phoenix MRNA | +0.0231% | 1h | 172.16 | 0.000% | $5K | $193K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0355% | 1h | 172.11 | −0.029% | $40K | $66K | 10x | as long as short |
| Lighter MRNA | +0.0384% | 1h | 172.21 | +0.029% | $112K | $1.1M | 10x | as long as short |
| edgeX MRNAUSDC | +0.0416% | 4h | 172.14 | −0.010% | $3K | $245K | 10x | as long as short |
| GRVT MRNA_USDT_Perpshort | +0.0965% | 8h | 172.33 | +0.099% | $219 | $156K | 10x |
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
edgeX MRNAUSDC