Funding you earn now, next payment 03:00 UTC+0.1440%/8h= +157.6% APRnext payment +$1.80 per $10,000 · paid last 24h +0.084%
Price spread now: Lighter against Arcus+0.098%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and Lighter is 0.098% dearer against Arcus than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MRNA-USD | 173.45 | 0.0040 | pay 0.0005% / 1h | 51m 49s | $2K | $64K | 10x |
| Short | Lighter MRNA | 173.62 | 0.1480 | get 0.0185% / 1h | 51m 49s | $104K | $1.1M | 10x |
Arcus MRNA-USD
Lighter MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- $302.34
- Price spread: +0.098% → 0.000%
- $9.8
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $307.64
- Costs to cover
- 0.045%
- Break-even
- from the start
Slippage unknown: Arcus: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.
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 Arcus no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 4.62 bp | 6.7 bp −$7 | 30.0 bp −$300 | 187.7 bp −$18.8K | doesn't fit |
Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.174% | $3K | $244K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.65 | +0.115% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.81 | +0.208% | $944K | $661K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.75 | +0.173% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.56 | +0.063% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.60 | +0.086% | $865K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.61 | +0.092% | $2.7M | $10.5M | 20x | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.12 | −0.190% | $312 | $150K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.87 | +0.242% | $12K | $430K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.76 | +0.179% | $1.6M | $647K | 20x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Bybit 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 | −0.103% | $49K | $89K | — | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.550% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USDlong | +0.0040% | 1h | 173.45 | long leg | $2K | $64K | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.46 | +0.006% | $43K | $35K | 5x | as long as short |
| Extended MRNA-USD | +0.0056% | 1h | 173.69 | +0.140% | $32K | $32K | 10x | as long as short |
| Binance MRNAUSDT | +0.0078% | 8h | 173.76 | +0.179% | $2.1M | $11.3M | 20x | as long as short |
| tradeXYZ xyz:MRNA | +0.0086% | 1h | 173.60 | +0.086% | $2.6M | $4.4M | 10x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 173.14 | −0.179% | $5K | $189K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0832% | 1h | 173.69 | +0.138% | $40K | $56K | 10x | as long as short |
| Lighter MRNAshort | +0.1480% | 1h | 173.62 | +0.098% | $104K | $1.1M | 10x |
Variational Omni MRNA
Injective MRNA/USDC PERP
Ondo Perps MRNA-USD.P
Extended MRNA-USD
Binance MRNAUSDT
tradeXYZ xyz:MRNA
Phoenix MRNA
SoDEX MRNA-USD