Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.043%
Price spread now: Injective against tradeXYZ−8.105%54s7-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 −$1 a day on $10k at the current rate, and Injective is 8.105% cheaper against tradeXYZ than usual: you would sell low and buy high (−$810 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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 | 172.61 | 0.0050 | pay 0.0006% / 1h | 36m 17s | $2.6M | $4.2M | 10x |
| Short | Injective MRNA/USDC PERP | 158.62 | 0.0033 | get 0.0004% / 1h | 36m 17s | $18K | $8K | 12x |
tradeXYZ xyz:MRNA
Injective MRNA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$3.5
- Price spread: −8.105% → 0.000%
- −$810.5
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$832.02
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 2 min ago; Injective: 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, 2 min ago | 1.16 bp | 15.0 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0784% | 4h | 172.74 | +0.076% | $3K | $244K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0022% | 8h | 172.84 | +0.133% | $44K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.54 | −0.043% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.76 | +0.087% | $2.2M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.70 | +0.052% | $933K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.76 | +0.087% | $1.4M | $5.0M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.62 | +0.006% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.64 | +0.017% | $879K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.63 | +0.012% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.64 | +0.015% | $49K | $89K | — | as long as short |
edgeX MRNAUSDC
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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.76 | +0.086% | $624 | $165K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.65 | +0.022% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.77 | +0.093% | $1.6M | $645K | 20x | as long as short |
| Lighter MRNA | +0.0032% | 1h | 172.64 | +0.017% | $124K | $1.0M | 10x | as long as short |
| Injective MRNA/USDC PERPshort | +0.0033% | 1h | 158.62 | −8.105% | $18K | $8K | 12x | |
| Arcus MRNA-USD | +0.0040% | 1h | 172.50 | −0.064% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.60 | −0.005% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0050% | 1h | 172.61 | long leg | $2.6M | $4.2M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.63 | +0.012% | $43K | $39K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0125% | 1h | 172.66 | +0.029% | $40K | $66K | 10x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 172.67 | +0.035% | $5K | $191K | 10x | as long as short |
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDT
Lighter MRNA
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA