Funding you earn now, next payment 05:00 UTC−0.0183%/8h= −20.0% APRnext payment −$0.23 per $10,000 · paid last 24h −0.091%
Price spread now: QFEX against SoDEX−0.034%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$5 a day on $10k at the current rate, and QFEX is 0.034% cheaper against SoDEX than usual: you would sell low and buy high (−$3 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 | SoDEX MRNA-USD | 174.09 | 0.0183 | pay 0.0023% / 1h | 18m 42s | $40K | $56K | 10x |
| Short | QFEX MRNA-USD | 174.03 | 0 | get 0.0000% / 1h | 18m 42s | $1.1M | $2.6M | 10x |
SoDEX MRNA-USD
QFEX MRNA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against SoDEX. 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
- −$38.37
- Price spread: −0.034% → 0.000%
- −$3.45
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$59.82
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; QFEX: live order book, 4 min ago. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 4 min ago | 4.02 bp | 9.2 bp −$9 | 16.6 bp −$166 | doesn't fit | doesn't fit |
SoDEX: 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 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 | −0.0517% | 4h | 174.17 | +0.048% | $3K | $247K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0006% | 8h | 174.35 | +0.149% | $45K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.89 | −0.117% | $28K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.95 | −0.080% | $2.2M | $11.3M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.94 | −0.086% | $948K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.80 | −0.167% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USDshort | 0.0000% | 1h | 174.03 | −0.034% | $1.1M | $2.6M | 10x | |
| Gate MRNA_USDT | 0.0000% | 8h | 174.00 | −0.052% | $870K | $999K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.02 | −0.040% | $2.8M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 174.17 | +0.046% | $56K | $96K | — | 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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 174.21 | +0.067% | $660 | $149K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.74 | −0.201% | $13K | $430K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 174.17 | +0.046% | $1.6M | $643K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.886% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 174.00 | −0.052% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 173.83 | −0.149% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 173.85 | −0.138% | $2.7M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.94 | −0.086% | $43K | $35K | 5x | as long as short |
| SoDEX MRNA-USDlong | +0.0183% | 1h | 174.09 | long leg | $40K | $56K | 10x | |
| Phoenix MRNA | +0.0277% | 1h | 174.10 | +0.006% | $5K | $191K | 10x | as long as short |
| Lighter MRNA | +0.0656% | 1h | 174.26 | +0.098% | $158K | $1.1M | 10x | as long as short |
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Phoenix MRNA
Lighter MRNA