Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.011%
Price spread now: Binance against tradeXYZ+0.099%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$570.569% of the position
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now +0.099%, 7d avg +0.064%
=Together, before fees−0.235%+ Points / potential airdroptradeXYZ: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.035% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.064%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.183% in total) that is about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MRNA | 174.23 | 0.0050 | pay 0.0006% / 1h | 36m 43s | $2.7M | $4.5M | 10x |
| Short | Binance MRNAUSDT | 174.40 | 0.0010 | get 0.0010% / 8h | 3h 36m | $2.2M | $11.3M | 20x |
tradeXYZ xyz:MRNA
Binance MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against tradeXYZ. 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
- −$8.38
- Price spread: +0.099% → +0.064%
- $3.51
- Slippage, 4 orders
- −$28.89
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$61.76
- Costs to cover
- 0.569%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; Binance: live order book, 3 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 tradeXYZ live order book, 2 min ago | 2.01 bp | 16.3 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 2.01 bp | 15.3 bp −$15 | 49.5 bp −$495 | 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 | −0.0110% | 4h | 174.38 | +0.085% | $3K | $246K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 174.34 | +0.061% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 174.42 | +0.109% | $951K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 174.35 | +0.069% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 174.26 | +0.017% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 174.34 | +0.063% | $871K | $997K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.27 | +0.023% | $2.8M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 174.48 | +0.146% | $55K | $94K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 174.35 | +0.066% | $579 | $147K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 174.29 | +0.036% | $14K | $431K | 20x | as long as short |
edgeX MRNAUSDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 174.32 | +0.052% | $1.6M | $643K | 20x | as long as short |
| Binance MRNAUSDTshort | +0.0010% | 8h | 174.40 | +0.099% | $2.2M | $11.3M | 20x | |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.959% | $18K | $8K | 12x | as long as short |
| BloFin MRNA-USDT | +0.0033% | 8h | 174.41 | +0.103% | $45K | $29K | 20x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 174.18 | −0.029% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 174.31 | +0.045% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0050% | 1h | 174.23 | long leg | $2.7M | $4.5M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 174.36 | +0.075% | $43K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0277% | 1h | 174.35 | +0.069% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0420% | 1h | 174.32 | +0.052% | $40K | $56K | 10x | as long as short |
| Lighter MRNA | +0.0760% | 1h | 174.51 | +0.161% | $158K | $1.1M | 10x | as long as short |
Phemex MRNAUSDT
Injective MRNA/USDC PERP
BloFin MRNA-USDT
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
SoDEX MRNA-USD
Lighter MRNA