Funding you earn now, next payment 21:00 UTC+0.0185%/8h= +20.3% APRpaid last 24h +0.065%
Price spread now: Phoenix against Variational Omni+0.093%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.093% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MRNA | 172.76 | 0 | get 0.0000% / 8h | 2h 21m | $34K | $70K | — |
| Short | Phoenix MRNA | 172.92 | 0.0185 | get 0.0023% / 1h | 21m 24s | $5K | $192K | 10x |
Variational Omni MRNA
Phoenix MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- $38.92
- Price spread: +0.093% → 0.000%
- $9.32
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $41.24
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: no order-book sample; Phoenix: live order book, 62 min ago. 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 62 min ago | 2.89 bp | 17.9 bp −$18 | 53.7 bp −$537 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRNA-USDT | −0.0004% | 8h | 172.93 | +0.099% | $44K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.99 | +0.136% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.19 | +0.250% | $2.2M | $11.2M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.02 | +0.151% | $938K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.89 | +0.076% | $1.4M | $4.9M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.62 | −0.080% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.90 | +0.082% | $882K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.88 | +0.070% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNAlong | 0.0000% | 8h | 172.76 | long leg | $34K | $70K | — | |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.88 | +0.069% | $7 | $174K | 10x | as long as short |
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
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 | 172.70 | −0.034% | $13K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.11 | +0.203% | $1.6M | $630K | 20x | as long as short |
| Lighter MRNA | +0.0032% | 1h | 172.87 | +0.064% | $125K | $1.0M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.184% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.89 | +0.076% | $2K | $65K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.88 | +0.070% | $43K | $39K | 5x | as long as short |
| Extended MRNA-USD | +0.0072% | 1h | 172.88 | +0.069% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0076% | 1h | 172.97 | +0.122% | $2.6M | $4.1M | 10x | as long as short |
| Phoenix MRNAshort | +0.0185% | 1h | 172.92 | +0.093% | $5K | $192K | 10x | |
| SoDEX MRNA-USD | +0.0310% | 1h | 173.06 | +0.174% | $59 | $55K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0845% | 4h | 172.99 | +0.133% | $3K | $242K | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
Lighter MRNA
Injective MRNA/USDC PERP
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD
edgeX MRNAUSDC