Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.017%
Price spread now: Variational Omni against tradeXYZ−0.075%7-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
=Together, before fees—+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.075% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MRNA | 172.97 | 0.0050 | pay 0.0006% / 1h | 25m 51s | $2.6M | $4.6M | 10x |
| Short | Variational Omni MRNA | 172.84 | 0 | get 0.0000% / 8h | 1h 25m | $56K | $94K | — |
tradeXYZ xyz:MRNA
Variational Omni MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: −0.075% → 0.000%
- −$7.53
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$36.03
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 2 min ago; Variational Omni: 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 | 1.45 bp | 13.8 bp −$14 | 27.7 bp −$277 | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Variational Omni: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRNAUSDT | 0.0000% | 8h | 172.98 | +0.004% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.11 | +0.080% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.11 | +0.081% | $940K | $614K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.10 | +0.075% | $1.3M | $5.4M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.89 | −0.046% | $1.1M | $2.5M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.88 | −0.052% | $863K | $994K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.97 | 0.000% | $2.6M | $10.5M | 20x | as long as short |
| Variational Omni MRNAshort | 0.0000% | 8h | 172.84 | −0.075% | $56K | $94K | — | |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.78 | −0.112% | $530 | $147K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.88 | −0.051% | $14K | $431K | 20x | as long as short |
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
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 | 173.09 | +0.069% | $1.6M | $649K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0004% | 8h | 172.80 | −0.098% | $45K | $29K | 20x | as long as short |
| Lighter MRNA | +0.0032% | 1h | 173.13 | +0.093% | $156K | $1.2M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.296% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.76 | −0.121% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 173.04 | +0.038% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0050% | 1h | 172.97 | long leg | $2.6M | $4.6M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.73 | −0.139% | $43K | $35K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0088% | 1h | 172.98 | +0.006% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 172.86 | −0.064% | $5K | $191K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0767% | 4h | 172.88 | −0.050% | $3K | $248K | 10x | as long as short |
Phemex MRNAUSDT
BloFin MRNA-USDT
Lighter MRNA
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA
edgeX MRNAUSDC