Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.025%
Price spread now: tradeXYZ against Gate−0.029%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$940.940% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.029%, 7d avg −0.004%
=Together, before fees+0.106%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.025% cheaper against Gate than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of −0.004%). If the spread goes back, that is −$3 on $10k: about 40 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MRNA_USDT | 172.64 | 0 | get 0.0000% / 8h | 6h 13m | $865K | $1.0M | 20x |
| Short | tradeXYZ xyz:MRNA | 172.59 | 0.0050 | get 0.0006% / 1h | 13m 35s | $2.6M | $4.4M | 10x |
Gate MRNA_USDT
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Gate. 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
- $10.5
- Price spread: −0.029% → −0.004%
- −$2.51
- Slippage, 4 orders
- −$61
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$86.01
- Costs to cover
- 0.940%
- Break-even
- 64.3 days
Slippage from Gate: live order book, 3 min ago; tradeXYZ: live order book, 5 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 Gate live order book, 3 min ago | 15.08 bp | 29.6 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 1.45 bp | 13.7 bp −$14 | doesn't fit | 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 | −0.0496% | 1h | 172.66 | +0.012% | $104K | $1.1M | 10x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.57 | −0.041% | $1.1M | $2.7M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.58 | −0.032% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.69 | +0.029% | $936K | $740K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.51 | −0.075% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDTlong | 0.0000% | 8h | 172.64 | long leg | $865K | $1.0M | 20x | |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.59 | −0.029% | $2.6M | $10.5M | 20x | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.63 | −0.005% | $392 | $151K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.34 | −0.172% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.69 | +0.029% | $1.6M | $651K | 20x | as long as short |
Lighter MRNA
QFEX MRNA-USD
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Bitget MRNAUSDT
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.121% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.54 | −0.058% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.47 | −0.101% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0050% | 1h | 172.59 | −0.029% | $2.6M | $4.4M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.48 | −0.093% | $43K | $36K | 5x | as long as short |
| Variational Omni MRNA | +0.0057% | 8h | 172.57 | −0.039% | $49K | $89K | — | as long as short |
| Binance MRNAUSDT | +0.0089% | 8h | 172.67 | +0.017% | $2.1M | $11.4M | 20x | as long as short |
| SoDEX MRNA-USD | +0.0150% | 1h | 172.66 | +0.012% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0279% | 1h | 172.61 | −0.017% | $5K | $193K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0406% | 4h | 172.61 | −0.018% | $3K | $247K | 10x | as long as short |
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
Variational Omni MRNA
Binance MRNAUSDT
SoDEX MRNA-USD
Phoenix MRNA
edgeX MRNAUSDC