Funding you earn now, next payment 08:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.94 per $10,000 · paid last 24h −0.012%
Price spread now: Gate against Binance−0.099%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$960.955% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 2 days (all we have)+0.038%+$4 · spread now −0.099%, 7d avg −0.068%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.030% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.068%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.067%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MRNAUSDT | 172.59 | 0.0094 | pay 0.0094% / 8h | 6h 15m | $2.1M | $11.4M | 20x |
| Short | Gate MRNA_USDT | 172.42 | 0 | get 0.0000% / 8h | 6h 15m | $863K | $1.0M | 20x |
Binance MRNAUSDT
Gate MRNA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$19.77
- Price spread: −0.099% → −0.068%
- −$3.03
- Slippage, 4 orders
- −$70.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$118.3
- Costs to cover
- 0.955%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Gate: live order book, 1 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, 9 min ago | 2.03 bp | 16.5 bp −$17 | 51.2 bp −$512 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 15.08 bp | 33.0 bp −$33 | 1578.4 bp −$15.8K | doesn't fit | doesn't fit |
MRNA on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNA | −0.0576% | 1h | 172.60 | +0.006% | $104K | $1.1M | 10x | as long as short |
| edgeX MRNAUSDC | −0.0272% | 4h | 172.60 | +0.008% | $3K | $247K | 10x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.37 | −0.128% | $1.1M | $2.7M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.55 | −0.026% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.68 | +0.052% | $936K | $741K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.49 | −0.058% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDTshort | 0.0000% | 8h | 172.42 | −0.099% | $863K | $1.0M | 20x | |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.49 | −0.058% | $2.6M | $10.6M | 20x | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.66 | +0.041% | $228 | $150K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.36 | −0.136% | $12K | $429K | 20x | as long as short |
Lighter MRNA
edgeX MRNAUSDC
QFEX MRNA-USD
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Bitget MRNAUSDT
GRVT MRNA_USDT_Perp
HTX MRNA-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 172.57 | −0.012% | $1.6M | $649K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.095% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.47 | −0.070% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.46 | −0.076% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.43 | −0.093% | $2.6M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.53 | −0.035% | $43K | $36K | 5x | as long as short |
| Variational Omni MRNA | +0.0057% | 8h | 172.57 | −0.010% | $49K | $89K | — | as long as short |
| Binance MRNAUSDTlong | +0.0094% | 8h | 172.59 | long leg | $2.1M | $11.4M | 20x | |
| SoDEX MRNA-USD | +0.0143% | 1h | 172.56 | −0.018% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0279% | 1h | 172.61 | +0.011% | $5K | $193K | 10x | as long as short |
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Variational Omni MRNA
SoDEX MRNA-USD
Phoenix MRNA