Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.026%
Price spread now: tradeXYZ against Binance+0.045%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$560.558% of the position
Funding, last 7 days+0.183%+$18 on $10k
+Price spread, last 7 days−0.109%−$11 · spread now +0.045%, 7d avg −0.065%
=Together, before fees+0.074%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.110% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.065%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MRNAUSDT | 169.70 | 0 | get 0.0000% / 8h | 7h 34m | $2.1M | $11.3M | 20x |
| Short | tradeXYZ xyz:MRNA | 169.78 | 0.0050 | get 0.0006% / 1h | 34m 09s | $2.5M | $4.4M | 10x |
Binance MRNAUSDT
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: +0.045% → −0.065%
- $10.96
- Slippage, 4 orders
- −$27.76
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$34.31
- Costs to cover
- 0.558%
- Break-even
- 29.9 days
Slippage from Binance: live order book, 6 min ago; tradeXYZ: live order book, 3 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, 6 min ago | 1.76 bp | 15.4 bp −$15 | 52.2 bp −$522 | 675.7 bp −$67.6K | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.88 bp | 10.7 bp −$11 | 18.2 bp −$182 | 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 | −0.0247% | 4h | 170.42 | +0.422% | $3K | $252K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0029% | 8h | 170.50 | +0.469% | $45K | $29K | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 169.67 | −0.020% | $1.1M | $2.6M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 169.99 | +0.171% | $26K | $82K | 20x | as long as short |
| Binance MRNAUSDTlong | 0.0000% | 8h | 169.70 | long leg | $2.1M | $11.3M | 20x | |
| Bybit MRNAUSDT | 0.0000% | 8h | 169.67 | −0.020% | $912K | $609K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 169.49 | −0.126% | $1.2M | $5.3M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 169.85 | +0.086% | $868K | $980K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 169.48 | −0.132% | $2.6M | $10.6M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 170.29 | +0.343% | $54K | $92K | — | as long as short |
edgeX MRNAUSDC
BloFin MRNA-USDT
QFEX MRNA-USD
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNAShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 170.53 | +0.486% | $2 | $133K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 169.90 | +0.114% | $14K | $431K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 169.71 | +0.003% | $1.5M | $647K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −6.532% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 169.94 | +0.139% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 169.77 | +0.041% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0050% | 1h | 169.78 | +0.045% | $2.5M | $4.4M | 10x | |
| SoDEX MRNA-USD | +0.0050% | 1h | 169.92 | +0.127% | $39K | $55K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 170.07 | +0.215% | $43K | $36K | 5x | as long as short |
| Lighter MRNA | +0.0272% | 1h | 169.73 | +0.015% | $119K | $1.2M | 10x | as long as short |
| Phoenix MRNA | +0.0278% | 1h | 170.46 | +0.445% | $5K | $191K | 10x | as long as short |
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
Lighter MRNA
Phoenix MRNA