Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.040%
Price spread now: HTX against tradeXYZ+0.032%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$240as in the Price arb table
costs, in and out, $10k−$2372.375% of the position
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 4 days (all we have)+0.084%+$8 · spread now +0.032%, 7d avg +0.062%
=Together, before fees−0.129%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.030% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.062%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MRNA | 174.20 | 0.0050 | pay 0.0006% / 1h | 38m 19s | $2.7M | $4.5M | 10x |
| Short | HTX MRNA-USDT | 174.26 | 0 | get 0.0000% / 8h | 3h 38m | $14K | $431K | 20x |
tradeXYZ xyz:MRNA
HTX MRNA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: +0.032% → +0.062%
- −$2.96
- Slippage, 4 orders
- −$207.49
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$250.95
- Costs to cover
- 2.375%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; HTX: live order book, 15 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, 10 min ago | 1.43 bp | 11.8 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 15 min ago | 7.20 bp | 51.6 bp −$52 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0833% | 4h | 174.44 | +0.140% | $3K | $246K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 174.21 | +0.004% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 174.46 | +0.149% | $951K | $616K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 174.51 | +0.178% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 174.18 | −0.011% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 174.38 | +0.103% | $871K | $997K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.27 | +0.040% | $2.8M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 174.48 | +0.163% | $55K | $94K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 174.41 | +0.121% | $579 | $147K | 10x | as long as short |
| HTX MRNA-USDTshort | 0.0000% | 8h | 174.26 | +0.032% | $14K | $431K | 20x |
edgeX MRNAUSDC
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 174.49 | +0.166% | $1.6M | $644K | 20x | as long as short |
| Binance MRNAUSDT | +0.0012% | 8h | 174.51 | +0.178% | $2.2M | $11.3M | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.944% | $18K | $8K | 12x | as long as short |
| BloFin MRNA-USDT | +0.0039% | 8h | 174.40 | +0.115% | $45K | $29K | 20x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 174.19 | −0.006% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 174.19 | −0.006% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0050% | 1h | 174.20 | long leg | $2.7M | $4.5M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 174.37 | +0.098% | $43K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0277% | 1h | 174.35 | +0.086% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0432% | 1h | 174.39 | +0.109% | $40K | $56K | 10x | as long as short |
| Lighter MRNA | +0.0760% | 1h | 174.50 | +0.172% | $158K | $1.1M | 10x | as long as short |
Phemex MRNAUSDT
Binance MRNAUSDT
Injective MRNA/USDC PERP
BloFin MRNA-USDT
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
SoDEX MRNA-USD
Lighter MRNA