Funding you earn now, next payment 11:00 UTC−0.0293%/8h= −32.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.059%
Price spread now: Injective against Phoenix−7.126%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Injective is 7.126% cheaper against Phoenix than usual: you would sell low and buy high (−$713 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MRNA | 170.79 | 0.0326 | pay 0.0041% / 1h | 48m 53s | $5K | $208K | 10x |
| Short | Injective MRNA/USDC PERP | 158.62 | 0.0033 | get 0.0004% / 1h | 48m 53s | $18K | $8K | 12x |
Phoenix MRNA
Injective MRNA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$61.51
- Price spread: −7.126% → 0.000%
- −$712.57
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$781.1
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 51 min ago; Injective: 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, 51 min ago | 4.09 bp | 22.3 bp −$22 | 91.6 bp −$916 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRNA-USDT | −0.0018% | 8h | 170.75 | −0.023% | $46K | $30K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 170.68 | −0.064% | $25K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 170.51 | −0.164% | $2.1M | $12.0M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 170.54 | −0.146% | $921K | $620K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 170.39 | −0.234% | $1.2M | $5.5M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 170.28 | −0.299% | $1.1M | $2.3M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 170.53 | −0.152% | $880K | $994K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 170.38 | −0.240% | $2.6M | $10.9M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 170.76 | −0.018% | $93K | $125K | — | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 170.36 | −0.252% | $12K | $434K | 20x | as long as short |
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
HTX MRNA-USDTShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 170.58 | −0.123% | $1.5M | $689K | 20x | as long as short |
| Lighter MRNA | +0.0032% | 1h | 170.35 | −0.258% | $219K | $1.6M | 10x | as long as short |
| Injective MRNA/USDC PERPshort | +0.0033% | 1h | 158.62 | −7.126% | $18K | $8K | 12x | |
| Arcus MRNA-USD | +0.0040% | 1h | 170.41 | −0.222% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 170.40 | −0.231% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 170.35 | −0.258% | $2.6M | $4.8M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 170.41 | −0.222% | $39K | $56K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 170.27 | −0.304% | $42K | $39K | 5x | as long as short |
| Phoenix MRNAlong | +0.0326% | 1h | 170.79 | long leg | $5K | $208K | 10x | |
| edgeX MRNAUSDC | +0.0523% | 4h | 170.75 | −0.025% | $3K | $257K | 10x | as long as short |
| GRVT MRNA_USDT_Perp | +0.0532% | 8h | 170.82 | +0.018% | $210 | $130K | 10x | as long as short |
Phemex MRNAUSDT
Lighter MRNA
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
edgeX MRNAUSDC
GRVT MRNA_USDT_Perp