Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 221.15 | +0.0100 | pay 0.0013% / 1h | 26m 49s | $15K | $124K | 20x | Long TxFlow5% off | |
| SHORT | 221.32 | 0 | 0.0000% / 8h | 5h 26m | $10K | $186K | 20x | Short HTX |
Price gap+0.079%
Funding gap−0.0100% /8h
The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 3.7 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$19−0.0100% /8h now · paid −0.194% over the last 7D
Price+$11spread +0.079% now, avg −0.032% → +0.110% if it goes back
Costs−$6536.527% of $10k · taker + slippage, in and out
Result−$661−6.61%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.079%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMRNA on 27 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size20.4 / 306.7 bpAt $10k entering HTX costs 306.7 bp, fee and slippage, 15.1× TxFlow’s.
- Note: Margin at max leverage$500 + $500TxFlow 20x, HTX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.00Long TxFlow: 24 payments, −$3.00; short HTX: 3 payments, $0.00.
- OK: Entry gap works for you+0.079% vs −0.032%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$10K vs $15K OIHTX sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCTxFlow No · HTX LimitedNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0092%/8h × 21 periods−$19.38
Price spread+0.079% → −0.032% (7d avg)+$11.05
Slippage, 4 orderslive order books−$631.71
Fee TxFlow bp × 2 orders−$9.00
Fee HTX bp × 2 orders−$12.00
Net · 7 days · $10k−$661.04
Costs to cover6.527%Break-evennever at this rate
Slippage: TxFlow: live order book, 19 min ago; HTX: live order book, 25 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow2.0420.4 bp−$2080.2 bp−$802doesn’t fitdoesn’t fit
SELL · SHORTHTX46.58306.7 bp−$307doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-25 09:09 | AZverse | Listing | new market mrna_usdt ($MRNA) seen by our collector |
| 10-22 20:48 | Arcus | Other | $MRNA fell 25% today and was halted intraday on its primary exchange. The MRNA perp on Arcus kept trading through the halt. Traders could open, reduce, or close positions the entire time - as there is no halt state on Arcus perps. Markets run 24/7. Read more about Arcus RWA Perps here: @arcus_xyz on X ↗ |
| 10-22 19:35 | Phoenix | Other | Moderna falls after reported leak of Phase 3 melanoma vaccine data showing a 42% cut in recurrence risk, below Phase 2's 49%. $MRNA is trading at $195 on Phoenix, 24/7. @PhoenixTrade on X ↗ |
| 10-22 19:27 | Bitget | Other | Stay on top of fast-moving stock markets with Bitget Stock Perps. 📈📉 Here's the latest on Moderna $MRNA today ⤵️ @bitget on X ↗ |
| 10-20 17:07 | Phoenix | Other | JUST IN: Moderna $MRNA is still climbing, up nearly 7% in the last 24 hours ahead of Saturday's Phase 3 cancer vaccine data at ESMO. @PhoenixTrade on X ↗ |
| 10-19 13:46 | Phoenix | Other | JUST IN: $MRNA jumps 8.45% in anticipation of their Stage 3 cancer vaccine clinical trial results releasing on October 24. @PhoenixTrade on X ↗ |

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