Funding you earn now, next payment 03:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.042%
Price spread now: tradeXYZ against Phemex−0.092%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1171.166% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 4 days (all we have)−0.135%−$14 · spread now −0.092%, 7d avg −0.056%
=Together, before fees+0.077%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.036% cheaper against Phemex than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.056%). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MRNAUSDT | 173.75 | 0 | get 0.0000% / 8h | 5h 00m | $1.6M | $642K | 20x |
| Short | tradeXYZ xyz:MRNA | 173.59 | 0.0086 | get 0.0011% / 1h | 0m 09s | $2.6M | $4.4M | 10x |
Phemex MRNAUSDT
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $18.11
- Price spread: −0.092% → −0.056%
- −$3.64
- Slippage, 4 orders
- −$86.65
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$102.17
- Costs to cover
- 1.166%
- Break-even
- 46.5 days
Slippage from Phemex: live order book, 3 min ago; tradeXYZ: live order book, 8 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, 3 min ago | 1.44 bp | 44.8 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 1.15 bp | 12.6 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRNAUSDT | 0.0000% | 8h | 173.68 | −0.042% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.78 | +0.017% | $944K | $658K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.73 | −0.012% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.63 | −0.069% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.58 | −0.098% | $868K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.65 | −0.058% | $2.7M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.87 | +0.070% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.94 | +0.109% | $591 | $148K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.69 | −0.033% | $13K | $433K | 20x | as long as short |
| Phemex MRNAUSDTlong | 0.0000% | 8h | 173.75 | long leg | $1.6M | $642K | 20x |
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_Perp
HTX MRNA-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.708% | $18K | $8K | 12x | as long as short |
| Binance MRNAUSDT | +0.0039% | 8h | 173.75 | 0.000% | $2.2M | $11.3M | 20x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.73 | −0.012% | $2K | $63K | 10x | as long as short |
| BloFin MRNA-USDT | +0.0043% | 8h | 174.00 | +0.144% | $45K | $29K | 20x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.60 | −0.086% | $43K | $35K | 5x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0086% | 1h | 173.59 | −0.092% | $2.6M | $4.4M | 10x | |
| Extended MRNA-USD | +0.0088% | 1h | 173.57 | −0.101% | $32K | $32K | 10x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 173.87 | +0.069% | $5K | $189K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0286% | 1h | 173.74 | −0.006% | $40K | $56K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0597% | 4h | 173.96 | +0.122% | $3K | $245K | 10x | as long as short |
| Lighter MRNA | +0.1184% | 1h | 173.86 | +0.063% | $104K | $1.1M | 10x | as long as short |
Injective MRNA/USDC PERP
Binance MRNAUSDT
Arcus MRNA-USD
BloFin MRNA-USDT
Ondo Perps MRNA-USD.P
Extended MRNA-USD
Phoenix MRNA
SoDEX MRNA-USD
edgeX MRNAUSDC
Lighter MRNA