Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.010%
Price spread now: Bitget against tradeXYZ+0.093%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$570.572% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 7 days−0.027%−$3 · spread now +0.093%, 7d avg +0.049%
=Together, before fees−0.172%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.043% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.049%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MRNA | 172.94 | 0.0050 | pay 0.0006% / 1h | 46m 52s | $2.6M | $4.5M | 10x |
| Short | Bitget MRNAUSDT | 173.10 | 0 | get 0.0000% / 8h | 2h 46m | $2.7M | $10.4M | 20x |
tradeXYZ xyz:MRNA
Bitget MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$10.5
- Price spread: +0.093% → +0.049%
- $4.31
- Slippage, 4 orders
- −$27.25
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$63.44
- Costs to cover
- 0.572%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; Bitget: 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 tradeXYZ live order book, 2 min ago | 1.45 bp | 13.4 bp −$13 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.47 bp | 16.3 bp −$16 | 41.3 bp −$413 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNA | −0.1176% | 1h | 173.16 | +0.127% | $156K | $1.2M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.91 | −0.015% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.11 | +0.098% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.09 | +0.087% | $941K | $620K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.88 | −0.035% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.89 | −0.029% | $864K | $998K | 20x | as long as short |
| Bitget MRNAUSDTshort | 0.0000% | 8h | 173.10 | +0.093% | $2.7M | $10.4M | 20x | |
| Variational Omni MRNA | 0.0000% | 8h | 172.99 | +0.029% | $55K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.05 | +0.063% | $242 | $148K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.91 | −0.014% | $13K | $430K | 20x | as long as short |
Lighter MRNA
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
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 | 173.06 | +0.069% | $1.6M | $650K | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.83 | −0.064% | $1.1M | $2.6M | 10x | as long as short |
| BloFin MRNA-USDT | +0.0005% | 8h | 172.94 | 0.000% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.280% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.84 | −0.058% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.92 | −0.011% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0050% | 1h | 172.94 | long leg | $2.6M | $4.5M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.89 | −0.029% | $42K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 172.84 | −0.058% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0431% | 1h | 173.08 | +0.081% | $40K | $56K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0689% | 4h | 172.96 | +0.010% | $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
SoDEX MRNA-USD
edgeX MRNAUSDC