Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.138%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1651.649% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)−1.199%−$120 · spread now +0.138%, 7d avg −0.045%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.183% dearer against Binance than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MRNAUSDT | 170.22 | 0 | get 0.0000% / 8h | 7h 21m | $2.1M | $11.5M | 20x |
| Short | Bybit MRNAUSDT | 170.45 | 0 | get 0.0000% / 8h | 7h 21m | $915K | $617K | 25x |
Binance MRNAUSDT
Bybit MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $0
- Price spread: +0.138% → −0.045%
- $18.28
- Slippage, 4 orders
- −$143.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$146.59
- Costs to cover
- 1.649%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 39 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 Binance live order book, 4 min ago | 1.18 bp | 14.4 bp −$14 | 58.6 bp −$586 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 39 min ago | 4.93 bp | 90.9 bp −$91 | 1636.1 bp −$16.4K | 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 | −0.0956% | 4h | 170.07 | −0.085% | $3K | $252K | 10x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 169.99 | −0.132% | $1.1M | $2.5M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 170.23 | +0.008% | $26K | $82K | 20x | as long as short |
| Binance MRNAUSDTlong | 0.0000% | 8h | 170.22 | long leg | $2.1M | $11.5M | 20x | |
| Bybit MRNAUSDTshort | 0.0000% | 8h | 170.45 | +0.138% | $915K | $617K | 25x | |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 170.28 | +0.038% | $1.2M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 170.20 | −0.009% | $877K | $990K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 170.11 | −0.062% | $2.5M | $10.8M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 169.16 | −0.619% | $54K | $92K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 170.04 | −0.103% | $5 | $131K | 10x | as long as short |
edgeX MRNAUSDC
QFEX MRNA-USD
Aster MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
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 | 170.19 | −0.016% | $13K | $432K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 170.21 | −0.003% | $1.5M | $657K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0026% | 8h | 170.08 | −0.080% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −6.812% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 170.14 | −0.044% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 170.11 | −0.060% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 170.15 | −0.038% | $2.6M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 170.20 | −0.009% | $43K | $38K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0163% | 1h | 170.17 | −0.027% | $39K | $55K | 10x | as long as short |
| Phoenix MRNA | +0.0278% | 1h | 170.22 | +0.003% | $5K | $191K | 10x | as long as short |
| Lighter MRNA | +0.0280% | 1h | 170.47 | +0.150% | $234K | $1.4M | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA
Lighter MRNA