Funding you earn now, next payment 08:00 UTC−0.0993%/8h= −108.8% APRpaid last 24h +0.010%
Price spread now: edgeX against Bitget+0.015%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$530.528% of the position
Funding, last 7 days−0.431%−$43 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now +0.015%, 7d avg −0.011%
=Together, before fees−0.358%+ Points / potential airdropedgeX: Active · farm board−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.026% dearer against Bitget than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.011%): +$3 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.431% in total) that is about 10 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.431% in total (about -22.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MRNAUSDT | 172.48 | 0 | get 0.0000% / 8h | 1h 41m | $2.6M | $10.6M | 20x |
| Short | edgeX MRNAUSDC | 172.51 | −0.0993 | pay 0.0497% / 4h | 1h 41m | $3K | $250K | 10x |
Bitget MRNAUSDT
edgeX MRNAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bitget. 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
- −$208.61
- Price spread: +0.015% → −0.011%
- $2.56
- Slippage, 4 orders
- −$31.77
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$258.82
- Costs to cover
- 0.528%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; edgeX: live order book, 66 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 Bitget live order book, 2 min ago | 3.77 bp | 16.8 bp −$17 | 34.2 bp −$342 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 66 min ago | 1.73 bp | 8.5 bp −$9 | doesn't fit | 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 MRNAUSDCshort | −0.0993% | 4h | 172.51 | +0.015% | $3K | $250K | 10x | |
| Lighter MRNA | −0.0176% | 1h | 172.70 | +0.128% | $156K | $1.2M | 10x | as long as short |
| BloFin MRNA-USDT | −0.0005% | 8h | 172.44 | −0.023% | $45K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.58 | +0.058% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.57 | +0.052% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.57 | +0.052% | $937K | $621K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.41 | −0.041% | $1.3M | $5.4M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.46 | −0.012% | $1.1M | $2.5M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.49 | +0.006% | $862K | $994K | 20x | as long as short |
| Bitget MRNAUSDTlong | 0.0000% | 8h | 172.48 | long leg | $2.6M | $10.6M | 20x |
Lighter MRNA
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MRNA | 0.0000% | 8h | 172.48 | +0.003% | $56K | $94K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.55 | +0.041% | $550 | $147K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.60 | +0.072% | $13K | $431K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.57 | +0.052% | $1.6M | $655K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.036% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.38 | −0.058% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.47 | −0.006% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.42 | −0.035% | $2.5M | $4.6M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.23 | −0.145% | $43K | $35K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0070% | 1h | 172.44 | −0.023% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 172.50 | +0.012% | $5K | $191K | 10x | as long as short |
Variational Omni MRNA
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA