Funding you earn now, next payment 03:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.019%
Price spread now: Injective against Binance−8.781%77s7-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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 8.781% cheaper against Binance than usual: you would sell low and buy high (−$878 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 77 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 | 173.89 | 0.0060 | pay 0.0060% / 8h | 5h 26m | $2.2M | $11.2M | 20x |
| Short | Injective MRNA/USDC PERP | 158.62 | 0.0033 | get 0.0004% / 1h | 26m 05s | $18K | $8K | 12x |
Binance MRNAUSDT
Injective MRNA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$5.67
- Price spread: −8.781% → 0.000%
- −$878.14
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$893.83
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 14 min ago; Injective: 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, 14 min ago | 2.01 bp | 10.3 bp −$10 | 52.5 bp −$525 | 521.3 bp −$52.1K | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0039% | 4h | 173.86 | −0.016% | $3K | $244K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.76 | −0.077% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.80 | −0.052% | $944K | $662K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.77 | −0.069% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.79 | −0.058% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.86 | −0.017% | $869K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.71 | −0.104% | $2.7M | $10.6M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.83 | −0.032% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.92 | +0.017% | $296 | $148K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.60 | −0.169% | $14K | $434K | 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 | 173.93 | +0.023% | $1.6M | $641K | 20x | as long as short |
| Injective MRNA/USDC PERPshort | +0.0033% | 1h | 158.62 | −8.781% | $18K | $8K | 12x | |
| Arcus MRNA-USD | +0.0040% | 1h | 173.73 | −0.092% | $2K | $64K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.77 | −0.069% | $43K | $35K | 5x | as long as short |
| Binance MRNAUSDTlong | +0.0060% | 8h | 173.89 | long leg | $2.2M | $11.2M | 20x | |
| BloFin MRNA-USDT | +0.0064% | 8h | 173.83 | −0.035% | $45K | $29K | 20x | as long as short |
| Extended MRNA-USD | +0.0088% | 1h | 173.71 | −0.106% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0089% | 1h | 173.72 | −0.098% | $2.6M | $4.4M | 10x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 173.92 | +0.017% | $5K | $189K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0369% | 1h | 173.85 | −0.023% | $40K | $56K | 10x | as long as short |
| Lighter MRNA | +0.1640% | 1h | 173.88 | −0.006% | $104K | $1.1M | 10x | as long as short |
Phemex MRNAUSDT
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
BloFin MRNA-USDT
Extended MRNA-USD
tradeXYZ xyz:MRNA
Phoenix MRNA
SoDEX MRNA-USD
Lighter MRNA