Funding you earn now, next payment 11:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.020%
Price spread now: tradeXYZ against QFEX+0.035%7-day average +0.119% · 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−$80as in the Price arb table
costs, in and out, $10k−$720.719% of the position
Funding, last 4 days (all we have)+0.112%+$11 on $10k
+Price spread, last 7 days−0.007%−$1 · spread now +0.035%, 7d avg +0.119%
=Together, before fees+0.105%+ Points / potential airdroptradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.084% cheaper against QFEX than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.119%). If the spread goes back, that is −$8 on $10k: about 3.7 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MRNA-USD | 171.02 | 0 | get 0.0000% / 1h | 44m 17s | $1.1M | $2.3M | 10x |
| Short | tradeXYZ xyz:MRNA | 171.08 | 0.0076 | get 0.0010% / 1h | 44m 17s | $2.7M | $4.7M | 10x |
QFEX MRNA-USD
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $16
- Price spread: +0.035% → +0.119%
- −$8.41
- Slippage, 4 orders
- −$43.92
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$64.34
- Costs to cover
- 0.719%
- Break-even
- 35.1 days
Slippage from QFEX: live order book, 6 min ago; tradeXYZ: live order book, 7 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 | 9.91 bp | 29.4 bp −$29 | 35.5 bp −$355 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 1.46 bp | 13.7 bp −$14 | 18.3 bp −$183 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0545% | 4h | 171.23 | +0.125% | $3K | $257K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0015% | 8h | 171.19 | +0.099% | $45K | $30K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 171.06 | +0.023% | $26K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 171.19 | +0.097% | $2.1M | $11.9M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 171.21 | +0.111% | $925K | $621K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 171.26 | +0.140% | $1.2M | $5.5M | 20x | as long as short |
| QFEX MRNA-USDlong | 0.0000% | 1h | 171.02 | long leg | $1.1M | $2.3M | 10x | |
| Gate MRNA_USDT | 0.0000% | 8h | 171.15 | +0.076% | $885K | $998K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.09 | +0.041% | $2.6M | $11.1M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 171.15 | +0.074% | $59K | $91K | — | as long as short |
edgeX MRNAUSDC
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNAShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 171.07 | +0.029% | $13K | $434K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 171.22 | +0.117% | $1.5M | $683K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.251% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 170.85 | −0.099% | $2K | $65K | 10x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0076% | 1h | 171.08 | +0.035% | $2.7M | $4.7M | 10x | |
| Extended MRNA-USD | +0.0088% | 1h | 171.06 | +0.021% | $31K | $32K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0096% | 1h | 170.82 | −0.117% | $42K | $39K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0118% | 1h | 171.16 | +0.082% | $40K | $55K | 10x | as long as short |
| Lighter MRNA | +0.0208% | 1h | 171.20 | +0.105% | $243K | $1.5M | 10x | as long as short |
| Phoenix MRNA | +0.0278% | 1h | 171.63 | +0.357% | $5K | $205K | 10x | as long as short |
| GRVT MRNA_USDT_Perp | +0.0462% | 8h | 171.31 | +0.170% | $815 | $128K | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Lighter MRNA
Phoenix MRNA
GRVT MRNA_USDT_Perp