Funding you earn now, next payment 01:00 UTC+0.1400%/8h= +153.3% APRpaid last 24h +0.061%
Price spread now: Lighter against Bitget+0.046%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days+0.252%+$25 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.046%, 7d avg +0.039%
=Together, before fees+0.172%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$42 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.252% in total (about 13.1% 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 | 173.45 | 0 | get 0.0000% / 8h | 7h 25m | $2.6M | $10.5M | 20x |
| Short | Lighter MRNA | 173.53 | 0.1400 | get 0.0175% / 1h | 25m 12s | $123K | $1.0M | 10x |
Bitget MRNAUSDT
Lighter MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $294
- Price spread: +0.046% → +0.039%
- $0.7
- Slippage, 4 orders
- −$29.86
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $252.84
- Costs to cover
- 0.419%
- Break-even
- 1.0 days
Slippage from Bitget: live order book, 3 min ago; Lighter: 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 Bitget live order book, 3 min ago | 2.60 bp | 14.2 bp −$14 | 36.3 bp −$363 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 3.75 bp | 8.1 bp −$8 | 29.7 bp −$297 | 170.7 bp −$17.1K | 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 | −0.0532% | 4h | 173.51 | +0.033% | $3K | $244K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.26 | −0.112% | $29K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.50 | +0.029% | $941K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.54 | +0.052% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.33 | −0.069% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.45 | 0.000% | $871K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDTlong | 0.0000% | 8h | 173.45 | long leg | $2.6M | $10.5M | 20x | |
| HTX MRNA-USDT | 0.0000% | 8h | 173.28 | −0.099% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.49 | +0.023% | $1.6M | $647K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.550% | $18K | $8K | 12x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus MRNA-USD | +0.0040% | 1h | 173.46 | +0.006% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 173.34 | −0.065% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 173.35 | −0.058% | $2.6M | $4.3M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.41 | −0.023% | $43K | $40K | 5x | as long as short |
| Variational Omni MRNA | +0.0125% | 8h | 173.49 | +0.021% | $49K | $89K | — | as long as short |
| BloFin MRNA-USDT | +0.0174% | 8h | 173.40 | −0.029% | $44K | $29K | 20x | as long as short |
| Binance MRNAUSDT | +0.0183% | 8h | 173.43 | −0.012% | $2.2M | $11.4M | 20x | as long as short |
| Phoenix MRNA | +0.0231% | 1h | 173.59 | +0.081% | $5K | $193K | 10x | as long as short |
| SoDEX MRNA-USD | +0.1133% | 1h | 173.38 | −0.040% | $40K | $66K | 10x | as long as short |
| Lighter MRNAshort | +0.1400% | 1h | 173.53 | +0.046% | $123K | $1.0M | 10x | |
| GRVT MRNA_USDT_Perp | +0.2231% | 8h | 173.51 | +0.035% | $291 | $158K | 10x | as long as short |
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Variational Omni MRNA
BloFin MRNA-USDT
Binance MRNAUSDT
Phoenix MRNA
SoDEX MRNA-USD
GRVT MRNA_USDT_Perp