Funding you earn now, next payment 08:00 UTC+0.0278%/8h= +30.5% APRpaid last 24h +0.074%
Price spread now: Phoenix against Binance−0.009%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$810.805% of the position
Funding, last 7 days+0.508%+$51 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.009%, 7d avg +0.002%
=The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MRNAUSDT | 170.24 | 0 | get 0.0000% / 8h | 7h 21m | $2.1M | $11.5M | 20x |
| Short | Phoenix MRNA | 170.22 | 0.0278 | get 0.0035% / 1h | 21m 16s | $5K | $191K | 10x |
Binance MRNAUSDT
Phoenix MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $58.45
- Price spread: −0.009% → +0.002%
- −$1.13
- Slippage, 4 orders
- −$63.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$23.18
- Costs to cover
- 0.805%
- Break-even
- 9.8 days
Slippage from Binance: live order book, 4 min ago; Phoenix: live order book, 5 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 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 Phoenix live order book, 5 min ago | 4.14 bp | 24.1 bp −$24 | 77.0 bp −$770 | 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 | −0.0956% | 4h | 170.07 | −0.097% | $3K | $252K | 10x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 169.99 | −0.144% | $1.1M | $2.5M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 170.24 | 0.000% | $26K | $82K | 20x | as long as short |
| Binance MRNAUSDTlong | 0.0000% | 8h | 170.24 | long leg | $2.1M | $11.5M | 20x | |
| Bybit MRNAUSDT | 0.0000% | 8h | 170.49 | +0.149% | $916K | $617K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 170.28 | +0.026% | $1.2M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 170.27 | +0.020% | $878K | $990K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 170.12 | −0.068% | $2.5M | $10.8M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 169.16 | −0.631% | $54K | $92K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 170.04 | −0.115% | $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 | −0.028% | $13K | $432K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 170.21 | −0.015% | $1.5M | $657K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0026% | 8h | 170.08 | −0.092% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −6.823% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 170.14 | −0.056% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 170.11 | −0.072% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 170.13 | −0.062% | $2.6M | $4.4M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 170.20 | −0.021% | $43K | $38K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0163% | 1h | 170.17 | −0.039% | $39K | $55K | 10x | as long as short |
| Phoenix MRNAshort | +0.0278% | 1h | 170.22 | −0.009% | $5K | $191K | 10x | |
| Lighter MRNA | +0.0280% | 1h | 170.47 | +0.138% | $234K | $1.4M | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Lighter MRNA