Funding you earn now, next payment 11:00 UTC−0.0615%/8h= −67.4% APRpaid last 24h +0.020%
Price spread now: edgeX against tradeXYZ+0.090%86s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days−0.548%−$55 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.090%, 7d avg +0.023%
=Together, before fees−0.479%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$48 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.067% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.023%): +$7 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.548% in total) that is about 21 hours. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MRNA | 171.08 | 0.0071 | pay 0.0009% / 1h | 43m 54s | $2.7M | $4.7M | 10x |
| Short | edgeX MRNAUSDC | 171.23 | −0.0545 | pay 0.0272% / 4h | 1h 43m | $3K | $257K | 10x |
tradeXYZ xyz:MRNA
edgeX MRNAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$129.24
- Price spread: +0.090% → +0.023%
- $6.69
- Slippage, 4 orders
- −$20.96
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$170.52
- Costs to cover
- 0.480%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; edgeX: 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, 7 min ago | 1.46 bp | 13.8 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 2 min ago | 3.21 bp | 10.3 bp −$10 | doesn't fit | 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 MRNAUSDCshort | −0.0545% | 4h | 171.23 | +0.090% | $3K | $257K | 10x | |
| BloFin MRNA-USDT | −0.0015% | 8h | 171.19 | +0.064% | $45K | $30K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 171.06 | −0.012% | $26K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 171.17 | +0.055% | $2.1M | $11.9M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 171.21 | +0.076% | $925K | $621K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 171.26 | +0.105% | $1.2M | $5.5M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 171.02 | −0.035% | $1.1M | $2.3M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 171.17 | +0.053% | $885K | $998K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.09 | +0.006% | $2.6M | $11.1M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 171.15 | +0.039% | $59K | $91K | — | as long as short |
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
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 | −0.006% | $13K | $434K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 171.22 | +0.082% | $1.5M | $683K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.283% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 170.85 | −0.134% | $2K | $65K | 10x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0071% | 1h | 171.08 | long leg | $2.7M | $4.7M | 10x | |
| Extended MRNA-USD | +0.0088% | 1h | 171.06 | −0.015% | $31K | $32K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0096% | 1h | 170.82 | −0.152% | $42K | $39K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0118% | 1h | 171.16 | +0.047% | $40K | $55K | 10x | as long as short |
| Lighter MRNA | +0.0184% | 1h | 171.23 | +0.088% | $243K | $1.5M | 10x | as long as short |
| Phoenix MRNA | +0.0278% | 1h | 171.63 | +0.321% | $5K | $205K | 10x | as long as short |
| GRVT MRNA_USDT_Perp | +0.0462% | 8h | 171.31 | +0.134% | $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