Funding you earn now, next payment 05:00 UTC+0.0704%/8h= +77.1% APRnext payment +$0.88 per $10,000 · paid last 24h +0.102%
Price spread now: Lighter against QFEX+0.161%7-day average +0.197% · 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−$34as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 4 days (all we have)+0.163%+$16 on $10k
+Price spread, last 7 days−0.009%−$1 · spread now +0.161%, 7d avg +0.197%
=Together, before fees+0.155%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.037% cheaper against QFEX than usual: you would sell low and buy high (spread +0.161% now, against its 7-day average of +0.197%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$21 a day). At the pace of the last 4 days (+0.163% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.163% in total (about 16.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.88 per $10,000. 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 | 174.08 | 0 | get 0.0000% / 1h | 20m 23s | $1.1M | $2.6M | 10x |
| Short | Lighter MRNA | 174.36 | 0.0704 | get 0.0088% / 1h | 20m 23s | $158K | $1.1M | 10x |
QFEX MRNA-USD
Lighter MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $147.84
- Price spread: +0.161% → +0.197%
- −$3.66
- Slippage, 4 orders
- −$20.03
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $114.15
- Costs to cover
- 0.300%
- Break-even
- 1.6 days
Slippage from QFEX: live order book, 2 min ago; Lighter: live order book, 1 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 | 4.02 bp | 12.8 bp −$13 | 20.9 bp −$209 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 2.01 bp | 5.4 bp −$5 | 27.9 bp −$279 | 178.2 bp −$17.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRNA-USDT | −0.0017% | 8h | 174.21 | +0.075% | $45K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 174.00 | −0.046% | $28K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 174.17 | +0.049% | $2.2M | $11.3M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 174.12 | +0.023% | $949K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 174.12 | +0.023% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USDlong | 0.0000% | 1h | 174.08 | long leg | $1.1M | $2.6M | 10x | |
| Gate MRNA_USDT | 0.0000% | 8h | 174.22 | +0.080% | $871K | $997K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.19 | +0.063% | $2.8M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 174.17 | +0.051% | $56K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 174.49 | +0.236% | $661 | $149K | 10x | as long as short |
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 174.14 | +0.037% | $14K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 174.25 | +0.098% | $1.6M | $644K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.881% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 174.09 | +0.006% | $1K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 174.00 | −0.045% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 174.03 | −0.029% | $2.7M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 174.17 | +0.052% | $43K | $35K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0204% | 1h | 174.18 | +0.057% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0277% | 1h | 174.10 | +0.011% | $5K | $191K | 10x | as long as short |
| Lighter MRNAshort | +0.0704% | 1h | 174.36 | +0.161% | $158K | $1.1M | 10x | |
| edgeX MRNAUSDC | +0.0880% | 4h | 174.34 | +0.151% | $3K | $247K | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA
edgeX MRNAUSDC