Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against QFEX+0.133%7-day average +0.259% · 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−$111as in the Price arb table
costs, in and out, $10k−$980.980% of the position
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.133%, 7d avg +0.259%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.126% cheaper against QFEX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.259%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MRNA-USD | 172.31 | 0 | get 0.0000% / 1h | 46m 23s | $1.1M | $2.5M | 10x |
| Short | Phemex MRNAUSDT | 172.54 | 0 | get 0.0000% / 8h | 1h 46m | $1.6M | $654K | 20x |
QFEX MRNA-USD
Phemex MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.133% → +0.259%
- −$12.56
- Slippage, 4 orders
- −$76.04
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$110.6
- Costs to cover
- 0.980%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 6 min ago; Phemex: live order book, 2 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, 6 min ago | 1.45 bp | 6.9 bp −$7 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.64 bp | 44.6 bp −$45 | 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 MRNAUSDC | −0.0627% | 4h | 172.37 | +0.033% | $3K | $249K | 10x | as long as short |
| Lighter MRNA | −0.0312% | 1h | 172.63 | +0.186% | $156K | $1.2M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.51 | +0.119% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.51 | +0.113% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.41 | +0.058% | $936K | $620K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.43 | +0.070% | $1.3M | $5.4M | 20x | as long as short |
| QFEX MRNA-USDlong | 0.0000% | 1h | 172.31 | long leg | $1.1M | $2.5M | 10x | |
| Gate MRNA_USDT | 0.0000% | 8h | 172.39 | +0.046% | $861K | $994K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.46 | +0.087% | $2.6M | $10.6M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.26 | −0.031% | $56K | $94K | — | as long as short |
edgeX MRNAUSDC
Lighter MRNA
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNAShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.28 | −0.015% | $605 | $147K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.57 | +0.153% | $14K | $431K | 20x | as long as short |
| Phemex MRNAUSDTshort | 0.0000% | 8h | 172.54 | +0.133% | $1.6M | $654K | 20x | |
| BloFin MRNA-USDT | +0.0029% | 8h | 172.60 | +0.168% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.945% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.30 | −0.006% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.40 | +0.051% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.41 | +0.058% | $2.5M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.21 | −0.058% | $43K | $35K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0125% | 1h | 172.48 | +0.099% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 172.24 | −0.041% | $5K | $191K | 10x | as long as short |
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA