Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%
Price spread now: Binance against Phemex+0.038%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1141.141% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 2 days (all we have)−0.039%−$4 · spread now +0.038%, 7d avg −0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.043% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MRNAUSDT | 172.76 | 0 | get 0.0000% / 8h | 13m 33s | $1.6M | $645K | 20x |
| Short | Binance MRNAUSDT | 172.83 | 0 | get 0.0000% / 8h | 13m 33s | $2.2M | $11.4M | 20x |
Phemex MRNAUSDT
Binance MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $0
- Price spread: +0.038% → −0.005%
- $4.25
- Slippage, 4 orders
- −$92.14
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$109.89
- Costs to cover
- 1.141%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Binance: live order book, 12 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 Phemex live order book, 4 min ago | 4.05 bp | 40.1 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 2.03 bp | 13.0 bp −$13 | 49.8 bp −$498 | 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 MRNAUSDC | −0.0034% | 4h | 172.80 | +0.024% | $3K | $245K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0015% | 8h | 172.81 | +0.029% | $44K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.69 | −0.041% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDTshort | 0.0000% | 8h | 172.83 | +0.038% | $2.2M | $11.4M | 20x | |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.74 | −0.012% | $933K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.79 | +0.017% | $1.4M | $5.0M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.60 | −0.093% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.70 | −0.035% | $880K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.72 | −0.023% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.80 | +0.023% | $49K | $89K | — | as long as short |
edgeX MRNAUSDC
BloFin MRNA-USDT
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNAShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.73 | −0.017% | $579 | $164K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.86 | +0.057% | $12K | $428K | 20x | as long as short |
| Phemex MRNAUSDTlong | 0.0000% | 8h | 172.76 | long leg | $1.6M | $645K | 20x | |
| Lighter MRNA | +0.0032% | 1h | 172.80 | +0.023% | $124K | $1.0M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.185% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.61 | −0.087% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.70 | −0.033% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.72 | −0.023% | $2.6M | $4.2M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.77 | +0.006% | $43K | $39K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0143% | 1h | 172.73 | −0.017% | $40K | $66K | 10x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 172.71 | −0.029% | $5K | $191K | 10x | as long as short |
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Lighter MRNA
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA