Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.043%
Price spread now: OKX against tradeXYZ−0.046%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 7 days+0.030%+$3 · spread now −0.046%, 7d avg +0.010%
=Together, before fees−0.183%+ Points / potential airdroptradeXYZ: Active · farm board−$18 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 OKX is 0.056% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MRNA | 173.55 | 0.0050 | pay 0.0006% / 1h | 10m 10s | $2.7M | $4.4M | 10x |
| Short | OKX MRNA-USDT-SWAP | 173.47 | 0 | get 0.0000% / 8h | 4h 10m | $1.3M | $5.2M | 20x |
tradeXYZ xyz:MRNA
OKX MRNA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.046% → +0.010%
- −$5.62
- Slippage, 4 orders
- −$26.79
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$70.91
- Costs to cover
- 0.548%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; OKX: live order book, 3 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 | 0.86 bp | 11.9 bp −$12 | 17.1 bp −$171 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.02 bp | 9.4 bp −$9 | 65.2 bp −$652 | 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 | −0.0750% | 4h | 173.77 | +0.126% | $3K | $247K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.53 | −0.013% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.69 | +0.081% | $946K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAPshort | 0.0000% | 8h | 173.47 | −0.046% | $1.3M | $5.2M | 20x | |
| QFEX MRNA-USD | 0.0000% | 1h | 173.50 | −0.029% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.58 | +0.017% | $868K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.66 | +0.063% | $2.8M | $10.6M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.56 | +0.007% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.81 | +0.150% | $229 | $146K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.46 | −0.052% | $14K | $431K | 20x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Bybit MRNAUSDT
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
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 | 173.60 | +0.029% | $1.6M | $640K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0015% | 8h | 173.54 | −0.006% | $45K | $29K | 20x | as long as short |
| Binance MRNAUSDT | +0.0026% | 8h | 173.57 | +0.012% | $2.2M | $11.2M | 20x | as long as short |
| Lighter MRNA | +0.0032% | 1h | 173.66 | +0.063% | $157K | $1.1M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.603% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.47 | −0.046% | $2K | $63K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 173.52 | −0.017% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0050% | 1h | 173.55 | long leg | $2.7M | $4.4M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.38 | −0.098% | $43K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0230% | 1h | 173.78 | +0.133% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0333% | 1h | 173.58 | +0.017% | $40K | $56K | 10x | as long as short |
Phemex MRNAUSDT
BloFin MRNA-USDT
Binance MRNAUSDT
Lighter MRNA
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
SoDEX MRNA-USD