Funding you earn now, next payment 03:00 UTC−0.0910%/8h= −99.6% APRpaid last 24h +0.046%
Price spread now: edgeX against QFEX+0.078%7-day average +0.230% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 4 days (all we have)−0.184%−$18 on $10k
+Price spread, last 4 days (all we have)+0.222%+$22 · spread now +0.078%, 7d avg +0.230%
=Together, before fees+0.039%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and edgeX is 0.152% cheaper against QFEX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.230%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.184% in total (about -18.9% a year). A funding rate is set anew for every payment. 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 | QFEX MRNA-USD | 173.84 | 0 | get 0.0000% / 1h | 5m 09s | $1.1M | $2.7M | 10x |
| Short | edgeX MRNAUSDC | 173.98 | −0.0910 | pay 0.0455% / 4h | 1h 05m | $3K | $245K | 10x |
QFEX MRNA-USD
edgeX MRNAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against QFEX. 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
- −$191.04
- Price spread: +0.078% → +0.230%
- −$15.24
- Slippage, 4 orders
- −$19.64
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$244.93
- Costs to cover
- 0.386%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 2 min ago; edgeX: live order book, 57 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 QFEX live order book, 2 min ago | 2.01 bp | 8.7 bp −$9 | 16.1 bp −$161 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 57 min ago | 3.18 bp | 10.4 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDCshort | −0.0910% | 4h | 173.98 | +0.078% | $3K | $245K | 10x | |
| Aster MRNAUSDT | 0.0000% | 8h | 173.88 | +0.025% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.98 | +0.081% | $945K | $658K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.84 | 0.000% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USDlong | 0.0000% | 1h | 173.84 | long leg | $1.1M | $2.7M | 10x | |
| Gate MRNA_USDT | 0.0000% | 8h | 173.94 | +0.058% | $870K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.80 | −0.023% | $2.7M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.96 | +0.067% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 174.00 | +0.093% | $592 | $148K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.94 | +0.055% | $13K | $433K | 20x | as long as short |
Aster 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 | 173.97 | +0.075% | $1.6M | $642K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0021% | 8h | 173.97 | +0.075% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.755% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.81 | −0.017% | $2K | $63K | 10x | as long as short |
| Binance MRNAUSDT | +0.0045% | 8h | 173.98 | +0.081% | $2.2M | $11.3M | 20x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.89 | +0.029% | $43K | $35K | 5x | as long as short |
| Extended MRNA-USD | +0.0096% | 1h | 173.84 | −0.002% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0097% | 1h | 173.84 | 0.000% | $2.6M | $4.4M | 10x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 173.93 | +0.052% | $5K | $189K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0332% | 1h | 173.93 | +0.052% | $40K | $56K | 10x | as long as short |
| Lighter MRNA | +0.1288% | 1h | 173.96 | +0.069% | $104K | $1.1M | 10x | as long as short |
Phemex MRNAUSDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Binance MRNAUSDT
Ondo Perps MRNA-USD.P
Extended MRNA-USD
tradeXYZ xyz:MRNA
Phoenix MRNA
SoDEX MRNA-USD
Lighter MRNA