Funding you earn now, next payment 06:00 UTC−0.0395%/8h= −43.2% APRnext payment −$0.49 per $10,000 · paid last 24h −0.047%
Price spread now: tradeXYZ against SoDEX−0.075%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
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and tradeXYZ is 0.075% cheaper against SoDEX than usual: you would sell low and buy high (−$8 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 | 173.14 | 0.0445 | pay 0.0056% / 1h | 45m 38s | $40K | $56K | 10x |
| Short | tradeXYZ xyz:MRNA | 173.01 | 0.0050 | get 0.0006% / 1h | 45m 38s | $2.6M | $4.5M | 10x |
SoDEX MRNA-USD
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$82.87
- Price spread: −0.075% → 0.000%
- −$7.51
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$116.38
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago | 1.45 bp | 15.2 bp −$15 | 22.7 bp −$227 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNA | −0.1112% | 1h | 173.21 | +0.040% | $156K | $1.2M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.97 | −0.099% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.18 | +0.023% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.14 | 0.000% | $941K | $620K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.88 | −0.150% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.93 | −0.121% | $864K | $998K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.16 | +0.012% | $2.7M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.09 | −0.029% | $55K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.09 | −0.028% | $235 | $148K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.87 | −0.159% | $13K | $431K | 20x | as long as short |
Lighter MRNA
Aster MRNAUSDT
Binance 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 | 173.10 | −0.023% | $1.6M | $650K | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.94 | −0.116% | $1.1M | $2.6M | 10x | as long as short |
| BloFin MRNA-USDT | +0.0005% | 8h | 172.94 | −0.116% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.386% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.90 | −0.139% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.99 | −0.085% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0050% | 1h | 173.01 | −0.075% | $2.6M | $4.5M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.89 | −0.144% | $42K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 172.84 | −0.173% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USDlong | +0.0445% | 1h | 173.14 | long leg | $40K | $56K | 10x | |
| edgeX MRNAUSDC | +0.0510% | 4h | 173.09 | −0.031% | $3K | $248K | 10x | as long as short |
Phemex MRNAUSDT
QFEX MRNA-USD
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
edgeX MRNAUSDC