Funding you earn now, next payment 01:00 UTC−0.0279%/8h= −30.5% APRpaid last 24h −0.086%
Price spread now: GRVT against Phoenix−0.058%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$810.811% of the position
Funding, last 7 days−0.516%−$52 on $10k
+Price spread, last 4 days (all we have)+0.225%+$22 · spread now −0.058%, 7d avg −0.013%
=Together, before fees−0.291%+ Points / potential airdropGRVT: Active · farm board−$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GRVT is 0.045% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MRNA | 172.88 | 0.0279 | pay 0.0035% / 1h | 3m 24s | $5K | $193K | 10x |
| Short | GRVT MRNA_USDT_Perp | 172.78 | 0 | get 0.0000% / 8h | 6h 03m | $325 | $150K | 10x |
Phoenix MRNA
GRVT MRNA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$58.51
- Price spread: −0.058% → −0.013%
- −$4.47
- Slippage, 4 orders
- −$65.09
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$144.07
- Costs to cover
- 0.811%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 58 min ago; GRVT: live order book, 59 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, 58 min ago | 4.07 bp | 22.2 bp −$22 | 91.5 bp −$915 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 59 min ago | 2.90 bp | 19.5 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
MRNA on 20 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 | −0.0522% | 4h | 172.76 | −0.068% | $3K | $246K | 10x | as long as short |
| Lighter MRNA | −0.0296% | 1h | 172.81 | −0.040% | $104K | $1.1M | 10x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.83 | −0.029% | $1.1M | $2.7M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.79 | −0.053% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.98 | +0.058% | $938K | $717K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.78 | −0.058% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.85 | −0.017% | $861K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.78 | −0.058% | $2.6M | $10.5M | 20x | as long as short |
| GRVT MRNA_USDT_Perpshort | 0.0000% | 8h | 172.78 | −0.058% | $325 | $150K | 10x | |
| HTX MRNA-USDT | 0.0000% | 8h | 172.79 | −0.051% | $12K | $428K | 20x | as long as short |
edgeX MRNAUSDC
Lighter MRNA
QFEX MRNA-USD
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
HTX MRNA-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 172.87 | −0.006% | $1.6M | $650K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.248% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.71 | −0.098% | $2K | $64K | 10x | as long as short |
| Variational Omni MRNA | +0.0041% | 8h | 172.78 | −0.055% | $49K | $89K | — | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.76 | −0.071% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.83 | −0.029% | $2.6M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.74 | −0.081% | $43K | $36K | 5x | as long as short |
| Binance MRNAUSDT | +0.0074% | 8h | 172.90 | +0.013% | $2.1M | $11.4M | 20x | as long as short |
| SoDEX MRNA-USD | +0.0153% | 1h | 172.80 | −0.046% | $40K | $56K | 10x | as long as short |
| Phoenix MRNAlong | +0.0279% | 1h | 172.88 | long leg | $5K | $193K | 10x |
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Variational Omni MRNA
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Binance MRNAUSDT
SoDEX MRNA-USD