Funding you earn now, next payment 08:00 UTC−0.0204%/8h= −22.3% APRnext payment −$0.25 per $10,000 · paid last 24h +0.061%
Price spread now: Lighter against tradeXYZ+0.203%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$380.385% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 7 days−0.099%−$10 · spread now +0.203%, 7d avg +0.077%
=Together, before fees+0.017%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.126% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.203% now, against its 7-day average of +0.077%): +$13 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.115%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MRNA | 172.35 | 0.0060 | pay 0.0007% / 1h | 6m 38s | $2.5M | $4.3M | 10x |
| Short | Lighter MRNA | 172.70 | −0.0144 | pay 0.0018% / 1h | 6m 38s | $155K | $1.2M | 10x |
tradeXYZ xyz:MRNA
Lighter MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$42.76
- Price spread: +0.203% → +0.077%
- $12.64
- Slippage, 4 orders
- −$20.46
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$68.59
- Costs to cover
- 0.385%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; Lighter: live order book, 4 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 | 2.03 bp | 12.4 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 3.47 bp | 4.8 bp −$5 | 37.1 bp −$371 | 188.6 bp −$18.9K | 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 MRNAshort | −0.0144% | 1h | 172.70 | +0.203% | $155K | $1.2M | 10x | |
| BloFin MRNA-USDT | −0.0021% | 8h | 172.51 | +0.093% | $45K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.41 | +0.033% | $26K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.43 | +0.047% | $2.1M | $11.2M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.48 | +0.075% | $937K | $600K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.22 | −0.075% | $1.3M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.51 | +0.093% | $880K | $984K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.34 | −0.006% | $2.6M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.54 | +0.112% | $57K | $92K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.61 | +0.151% | $91 | $142K | 10x | 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_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 172.29 | −0.035% | $14K | $430K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.48 | +0.075% | $1.6M | $636K | 20x | as long as short |
| QFEX MRNA-USD | +0.0001% | 1h | 172.37 | +0.012% | $1.1M | $2.5M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.966% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.42 | +0.041% | $2K | $65K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 172.40 | +0.029% | $40K | $55K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.28 | −0.041% | $43K | $35K | 5x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0060% | 1h | 172.35 | long leg | $2.5M | $4.3M | 10x | |
| Extended MRNA-USD | +0.0064% | 1h | 172.34 | −0.005% | $32K | $32K | 10x | as long as short |
| Phoenix MRNA | +0.0230% | 1h | 172.54 | +0.110% | $5K | $191K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0374% | 4h | 172.54 | +0.112% | $3K | $250K | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
QFEX MRNA-USD
Injective MRNA/USDC PERP
Arcus MRNA-USD
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
Extended MRNA-USD
Phoenix MRNA
edgeX MRNAUSDC