Funding you earn now, next payment 05:00 UTC−0.0020%/8h= −2.1% APRpaid last 24h −0.029%
Price spread now: QFEX against Binance−0.062%7-day average −0.186% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$420.422% of the position
Funding, last 4 days (all we have)−0.029%−$3 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now −0.062%, 7d avg −0.186%
=The price spread pays, funding is against you. QFEX is 0.124% dearer against Binance than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.186%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MRNAUSDT | 174.44 | 0.0020 | pay 0.0020% / 8h | 3h 44m | $2.2M | $11.3M | 20x |
| Short | QFEX MRNA-USD | 174.33 | 0 | get 0.0000% / 1h | 44m 42s | $1.1M | $2.6M | 10x |
Binance MRNAUSDT
QFEX MRNA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$4.12
- Price spread: −0.062% → −0.186%
- $12.38
- Slippage, 4 orders
- −$22.19
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$33.92
- Costs to cover
- 0.422%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; QFEX: live order book, 8 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, 10 min ago | 1.73 bp | 10.6 bp −$11 | 47.7 bp −$477 | 579.6 bp −$58.0K | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.15 bp | 10.2 bp −$10 | 17.4 bp −$174 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRNAUSDT | 0.0000% | 8h | 174.35 | −0.050% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 174.42 | −0.010% | $950K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 174.27 | −0.096% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USDshort | 0.0000% | 1h | 174.33 | −0.062% | $1.1M | $2.6M | 10x | |
| Gate MRNA_USDT | 0.0000% | 8h | 174.14 | −0.171% | $870K | $996K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.35 | −0.050% | $2.8M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 174.49 | +0.029% | $50K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 174.19 | −0.145% | $17 | $147K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 174.21 | −0.130% | $13K | $431K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 174.38 | −0.033% | $1.6M | $644K | 20x | as long as short |
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MRNAUSDTlong | +0.0020% | 8h | 174.44 | long leg | $2.2M | $11.3M | 20x | |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −9.068% | $18K | $8K | 12x | as long as short |
| BloFin MRNA-USDT | +0.0039% | 8h | 174.58 | +0.081% | $45K | $29K | 20x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 174.15 | −0.165% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 174.27 | −0.096% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 174.29 | −0.085% | $2.7M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 174.25 | −0.108% | $43K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0277% | 1h | 174.42 | −0.010% | $5K | $191K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0407% | 4h | 174.43 | −0.007% | $3K | $247K | 10x | as long as short |
| Lighter MRNA | +0.0552% | 1h | 174.49 | +0.030% | $158K | $1.1M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0654% | 1h | 174.36 | −0.045% | $40K | $56K | 10x | as long as short |
Injective MRNA/USDC PERP
BloFin MRNA-USDT
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Phoenix MRNA
edgeX MRNAUSDC
Lighter MRNA
SoDEX MRNA-USD