Funding you earn now, next payment 01:00 UTC−0.0211%/8h= −23.1% APRpaid last 24h −0.043%
Price spread now: Phemex against tradeXYZ−0.006%7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$910.906% of the position
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.006%, 7d avg +0.054%
=Together, before fees−0.112%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phemex is 0.060% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.054%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MRNA | 174.46 | 0.0211 | pay 0.0026% / 1h | 45m 58s | $2.6M | $4.2M | 10x |
| Short | Phemex MRNAUSDT | 174.45 | 0 | get 0.0000% / 8h | 7h 45m | $1.6M | $647K | 20x |
tradeXYZ xyz:MRNA
Phemex MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$44.22
- Price spread: −0.006% → +0.054%
- −$5.98
- Slippage, 4 orders
- −$60.55
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$140.75
- Costs to cover
- 0.906%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 1 min ago; Phemex: 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, 1 min ago | 1.72 bp | 12.1 bp −$12 | 19.4 bp −$194 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.59 bp | 32.8 bp −$33 | 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 | −0.0168% | 4h | 173.60 | −0.495% | $3K | $245K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.70 | −0.438% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 174.46 | −0.003% | $2.2M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 174.51 | +0.029% | $947K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 174.45 | −0.006% | $1.4M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 174.35 | −0.063% | $1.1M | $2.7M | 10x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.37 | −0.052% | $2.7M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 174.46 | −0.001% | $49K | $89K | — | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 174.18 | −0.159% | $12K | $428K | 20x | as long as short |
| Phemex MRNAUSDTshort | 0.0000% | 8h | 174.45 | −0.006% | $1.6M | $647K | 20x |
edgeX MRNAUSDC
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Bitget MRNAUSDT
Variational Omni MRNA
HTX MRNA-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRNA-USDT | +0.0020% | 8h | 173.88 | −0.332% | $44K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −9.079% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.53 | −0.533% | $2K | $65K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 174.19 | −0.155% | $44K | $39K | 5x | as long as short |
| Gate MRNA_USDT | +0.0137% | 8h | 174.26 | −0.115% | $879K | $1.1M | 20x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0211% | 1h | 174.46 | long leg | $2.6M | $4.2M | 10x | |
| Phoenix MRNA | +0.0231% | 1h | 173.40 | −0.608% | $5K | $193K | 10x | as long as short |
| Extended MRNA-USD | +0.0240% | 1h | 174.49 | +0.018% | $32K | $32K | 10x | as long as short |
| GRVT MRNA_USDT_Perp | +0.0903% | 8h | 173.58 | −0.503% | $219 | $162K | 10x | as long as short |
| SoDEX MRNA-USD | +0.1313% | 1h | 174.06 | −0.229% | $40K | $66K | 10x | as long as short |
| Lighter MRNA | +0.1520% | 1h | 174.02 | −0.252% | $123K | $1.0M | 10x | as long as short |
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
Gate MRNA_USDT
Phoenix MRNA
Extended MRNA-USD
GRVT MRNA_USDT_Perp
SoDEX MRNA-USD
Lighter MRNA