Funding you earn now, next payment 03:00 UTC−0.1352%/8h= −148.0% APRpaid last 24h −0.096%
Price spread now: Bybit against Lighter+0.150%7-day average −0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1331.333% of the position
Funding, last 7 days−0.318%−$32 on $10k
+Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.150%, 7d avg −0.064%
=Together, before fees−0.537%+ Points / potential airdropLighter: Season 3 · farm board−$54 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.214% dearer against Lighter than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of −0.064%): +$21 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.318% in total) that is about 4.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.318% in total (about -16.6% 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 | Lighter MRNA | 173.51 | 0.1352 | pay 0.0169% / 1h | 52m 34s | $104K | $1.1M | 10x |
| Short | Bybit MRNAUSDT | 173.77 | 0 | get 0.0000% / 8h | 5h 52m | $944K | $661K | 25x |
Lighter MRNA
Bybit MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. 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
- −$283.92
- Price spread: +0.150% → −0.064%
- $21.4
- Slippage, 4 orders
- −$122.29
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$395.81
- Costs to cover
- 1.333%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Bybit: live order book, 38 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 Lighter live order book, 3 min ago | 4.62 bp | 6.2 bp −$6 | 36.6 bp −$366 | 175.9 bp −$17.6K | doesn't fit |
| Sell Bybit live order book, 38 min ago | 4.65 bp | 73.0 bp −$73 | 1280.4 bp −$12.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0521% | 4h | 173.15 | −0.208% | $3K | $244K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.66 | +0.084% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDTshort | 0.0000% | 8h | 173.77 | +0.150% | $944K | $661K | 25x | |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.77 | +0.150% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.56 | +0.029% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.62 | +0.063% | $865K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.66 | +0.086% | $2.7M | $10.5M | 20x | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.12 | −0.225% | $312 | $150K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.80 | +0.169% | $12K | $430K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.74 | +0.133% | $1.6M | $647K | 20x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MRNA | +0.0027% | 8h | 173.27 | −0.138% | $49K | $89K | — | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.582% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.36 | −0.086% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 173.63 | +0.067% | $32K | $32K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.30 | −0.121% | $43K | $35K | 5x | as long as short |
| tradeXYZ xyz:MRNA | +0.0056% | 1h | 173.64 | +0.075% | $2.6M | $4.4M | 10x | as long as short |
| Binance MRNAUSDT | +0.0076% | 8h | 173.84 | +0.190% | $2.1M | $11.2M | 20x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 173.14 | −0.213% | $5K | $189K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0696% | 1h | 173.56 | +0.029% | $40K | $56K | 10x | as long as short |
| Lighter MRNAlong | +0.1352% | 1h | 173.51 | long leg | $104K | $1.1M | 10x |
Variational Omni MRNA
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
tradeXYZ xyz:MRNA
Binance MRNAUSDT
Phoenix MRNA
SoDEX MRNA-USD