Funding you earn now, next payment 22:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h −0.047%
Price spread now: edgeX against Phoenix−0.026%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$580.580% of the position
Funding, last 7 days−0.864%−$86 on $10k
+Price spread, last 3 days (all we have)+0.156%+$16 · spread now −0.026%, 7d avg −0.038%
=Together, before fees−0.707%+ Points / potential airdropedgeX: Active · farm board−$71 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.864%, 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 | Phoenix MRNA | 172.32 | 0.0324 | pay 0.0040% / 1h | 14m 16s | $5K | $192K | 10x |
| Short | edgeX MRNAUSDC | 172.28 | 0.0450 | get 0.0225% / 4h | 1h 14m | $3K | $244K | 10x |
Phoenix MRNA
edgeX MRNAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $26.49
- Price spread: −0.026% → −0.038%
- $1.22
- Slippage, 4 orders
- −$42.01
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$30.3
- Costs to cover
- 0.580%
- Break-even
- 15.0 days
Slippage from Phoenix: live order book, 63 min ago; edgeX: live order book, 3 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 Phoenix live order book, 63 min ago | 2.89 bp | 17.4 bp −$17 | 68.5 bp −$685 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 3 min ago | 3.77 bp | 10.9 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX MRNA-USD | 0.0000% | 1h | 172.35 | +0.017% | $1.1M | $2.7M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.37 | +0.030% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.45 | +0.075% | $2.2M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.45 | +0.075% | $932K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.42 | +0.058% | $1.4M | $4.9M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.34 | +0.012% | $878K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.33 | +0.006% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.27 | −0.030% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.25 | −0.038% | $503 | $168K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.41 | +0.050% | $12K | $431K | 20x | as long as short |
QFEX MRNA-USD
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
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 | 172.42 | +0.058% | $1.6M | $645K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0023% | 8h | 172.36 | +0.023% | $44K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.950% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.32 | 0.000% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.43 | +0.063% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.45 | +0.075% | $2.6M | $4.2M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.42 | +0.058% | $43K | $39K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0069% | 1h | 172.39 | +0.041% | $40K | $66K | 10x | as long as short |
| Lighter MRNA | +0.0080% | 1h | 172.52 | +0.116% | $124K | $1.0M | 10x | as long as short |
| Phoenix MRNAlong | +0.0324% | 1h | 172.32 | long leg | $5K | $192K | 10x | |
| edgeX MRNAUSDCshort | +0.0450% | 4h | 172.28 | −0.026% | $3K | $244K | 10x |
Phemex MRNAUSDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Lighter MRNA