Funding you earn now, next payment 09:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%
Price spread now: Arcus against Binance−0.055%46s7-day average — · you buy dearer than you sell
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—needs both histories
Funding pays, the price is against you. Arcus is 0.055% cheaper against Binance than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.6 days of funding at the current rate (+$1 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MRNAUSDT | 170.23 | 0 | get 0.0000% / 8h | 7h 20m | $2.1M | $11.5M | 20x |
| Short | Arcus MRNA-USD | 170.14 | 0.0040 | get 0.0005% / 1h | 20m 56s | $2K | $65K | 10x |
Binance MRNAUSDT
Arcus MRNA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Binance. 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
- $8.46
- Price spread: −0.055% → 0.000%
- −$5.53
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$11.57
- Costs to cover
- 0.145%
- Break-even
- 16.6 days
Slippage unknown: Binance: live order book, 4 min ago; Arcus: no order-book sample. 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 Binance live order book, 4 min ago | 1.18 bp | 14.4 bp −$14 | 58.6 bp −$586 | doesn't fit | doesn't fit |
| Sell Arcus no order-book sample | — | — | — | — | — |
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 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 | −0.0956% | 4h | 170.07 | −0.096% | $3K | $252K | 10x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 169.99 | −0.143% | $1.1M | $2.5M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 170.22 | −0.010% | $26K | $82K | 20x | as long as short |
| Binance MRNAUSDTlong | 0.0000% | 8h | 170.23 | long leg | $2.1M | $11.5M | 20x | |
| Bybit MRNAUSDT | 0.0000% | 8h | 170.43 | +0.115% | $915K | $617K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 170.28 | +0.027% | $1.2M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 170.20 | −0.020% | $877K | $990K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 170.11 | −0.073% | $2.5M | $10.8M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 170.32 | +0.051% | $57K | $95K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 170.04 | −0.114% | $5 | $131K | 10x | as long as short |
edgeX MRNAUSDC
QFEX MRNA-USD
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 170.19 | −0.027% | $13K | $432K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 170.21 | −0.014% | $1.5M | $657K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0026% | 8h | 170.08 | −0.091% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −6.822% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USDshort | +0.0040% | 1h | 170.14 | −0.055% | $2K | $65K | 10x | |
| Extended MRNA-USD | +0.0048% | 1h | 170.13 | −0.059% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 170.15 | −0.049% | $2.6M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 170.20 | −0.020% | $43K | $38K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0163% | 1h | 170.17 | −0.038% | $39K | $55K | 10x | as long as short |
| Phoenix MRNA | +0.0278% | 1h | 170.22 | −0.008% | $5K | $191K | 10x | as long as short |
| Lighter MRNA | +0.0280% | 1h | 170.47 | +0.139% | $234K | $1.4M | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA
Lighter MRNA