Funding you earn now, next payment 03:00 UTC−0.0230%/8h= −25.2% APRpaid last 24h −0.085%
Price spread now: Aster against Phoenix+0.057%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.540%−$54 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Aster is 0.057% dearer against Phoenix than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 20 hours. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MRNA | 173.68 | 0.0230 | pay 0.0029% / 1h | 46m 46s | $5K | $191K | 10x |
| Short | Aster MRNAUSDT | 173.78 | 0 | get 0.0000% / 8h | 4h 46m | $28K | $82K | 20x |
Phoenix MRNA
Aster MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- −$48.36
- Price spread: +0.057% → 0.000%
- $5.74
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$57.61
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 5 min ago; Aster: no order-book sample. Net counts fees only.
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 Phoenix live order book, 5 min ago | 4.03 bp | 22.0 bp −$22 | 91.3 bp −$913 | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0925% | 4h | 173.68 | −0.001% | $3K | $246K | 10x | as long as short |
| Aster MRNAUSDTshort | 0.0000% | 8h | 173.78 | +0.057% | $28K | $82K | 20x | |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.87 | +0.109% | $944K | $617K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.79 | +0.063% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.59 | −0.052% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.79 | +0.063% | $869K | $998K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.76 | +0.046% | $2.8M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.74 | +0.037% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.75 | +0.041% | $3 | $147K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.74 | +0.036% | $13K | $433K | 20x | as long as short |
edgeX MRNAUSDC
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_Perp
HTX MRNA-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 173.87 | +0.109% | $1.6M | $641K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0002% | 8h | 173.66 | −0.012% | $45K | $29K | 20x | as long as short |
| Binance MRNAUSDT | +0.0019% | 8h | 173.82 | +0.081% | $2.2M | $11.2M | 20x | as long as short |
| Lighter MRNA | +0.0032% | 1h | 173.82 | +0.081% | $104K | $1.1M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.671% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.61 | −0.040% | $2K | $63K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 173.67 | −0.003% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 173.69 | +0.006% | $2.6M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.43 | −0.144% | $43K | $35K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0169% | 1h | 173.77 | +0.052% | $40K | $56K | 10x | as long as short |
| Phoenix MRNAlong | +0.0230% | 1h | 173.68 | long leg | $5K | $191K | 10x |
Phemex MRNAUSDT
BloFin MRNA-USDT
Binance MRNAUSDT
Lighter MRNA
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD