Funding you earn now, next payment 08:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.10 per $10,000 · paid last 24h −0.018%
Price spread now: Arcus against tradeXYZ−0.046%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$2 a day on $10k at the current rate, and Arcus is 0.046% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 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 | tradeXYZ xyz:MRNA | 173.08 | 0.0117 | pay 0.0015% / 1h | 46m 02s | $2.6M | $4.4M | 10x |
| Short | Arcus MRNA-USD | 173.00 | 0.0040 | get 0.0005% / 1h | 46m 02s | $2K | $65K | 10x |
tradeXYZ xyz:MRNA
Arcus MRNA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against tradeXYZ. 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
- −$16.07
- Price spread: −0.046% → 0.000%
- −$4.62
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$43.19
- Costs to cover
- 0.225%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 1 min ago; Arcus: no order-book sample. 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 tradeXYZ live order book, 1 min ago | 1.44 bp | 13.5 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus no order-book sample | — | — | — | — | — |
Arcus: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRNA-USDT | −0.0017% | 8h | 173.36 | +0.162% | $45K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.12 | +0.023% | $26K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.21 | +0.072% | $2.1M | $11.2M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.18 | +0.058% | $940K | $606K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.20 | +0.069% | $1.3M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.24 | +0.092% | $865K | $966K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.20 | +0.069% | $2.6M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.19 | +0.064% | $57K | $95K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.26 | +0.105% | $438 | $144K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.19 | +0.061% | $13K | $430K | 20x | 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_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 | 173.31 | +0.133% | $1.6M | $640K | 20x | as long as short |
| QFEX MRNA-USD | +0.0001% | 1h | 173.08 | 0.000% | $1.1M | $2.5M | 10x | as long as short |
| Lighter MRNA | +0.0032% | 1h | 173.48 | +0.231% | $156K | $1.2M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.355% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USDshort | +0.0040% | 1h | 173.00 | −0.046% | $2K | $65K | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.95 | −0.075% | $43K | $35K | 5x | as long as short |
| Extended MRNA-USD | +0.0104% | 1h | 173.06 | −0.010% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0117% | 1h | 173.08 | long leg | $2.6M | $4.4M | 10x | |
| SoDEX MRNA-USD | +0.0150% | 1h | 173.21 | +0.075% | $40K | $55K | 10x | as long as short |
| Phoenix MRNA | +0.0230% | 1h | 173.25 | +0.098% | $5K | $191K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0402% | 4h | 173.20 | +0.067% | $3K | $250K | 10x | as long as short |
Phemex MRNAUSDT
QFEX MRNA-USD
Lighter MRNA
Injective MRNA/USDC PERP
Ondo Perps MRNA-USD.P
Extended MRNA-USD
SoDEX MRNA-USD
Phoenix MRNA
edgeX MRNAUSDC