Funding you earn now, next payment 08:00 UTC+0.0737%/8h= +80.7% APRpaid last 24h −0.007%
Price spread now: Binance against edgeX−0.202%90s7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.481% of the position
Funding, last 7 days+0.392%+$39 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.202%, 7d avg +0.034%
=Together, before fees+0.514%+ Points / potential airdropedgeX: Active · farm board+$51 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.236% cheaper against edgeX than usual: you would sell low and buy high (spread −0.202% now, against its 7-day average of +0.034%). If the spread goes back, that is −$24 on $10k: about 26 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.392% in total) that is about 4.2 days. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.392% in total (about 20.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MRNAUSDC | 173.61 | −0.0737 | get 0.0369% / 4h | 56m 01s | $3K | $249K | 10x |
| Short | Binance MRNAUSDT | 173.26 | 0 | get 0.0000% / 8h | 56m 01s | $2.1M | $11.3M | 20x |
edgeX MRNAUSDC
Binance MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against edgeX. 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
- $154.86
- Price spread: −0.202% → +0.034%
- −$23.59
- Slippage, 4 orders
- −$29.08
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $83.2
- Costs to cover
- 0.481%
- Break-even
- 3.2 days
Slippage from edgeX: live order book, 46 min ago; Binance: live order book, 14 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 edgeX live order book, 46 min ago | 2.61 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.44 bp | 16.9 bp −$17 | 68.9 bp −$689 | 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 MRNAUSDClong | −0.0737% | 4h | 173.61 | long leg | $3K | $249K | 10x | |
| BloFin MRNA-USDT | −0.0012% | 8h | 173.70 | +0.052% | $45K | $30K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.21 | −0.233% | $27K | $82K | 20x | as long as short |
| Binance MRNAUSDTshort | 0.0000% | 8h | 173.26 | −0.202% | $2.1M | $11.3M | 20x | |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.30 | −0.179% | $941K | $607K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.22 | −0.225% | $1.3M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.33 | −0.162% | $865K | $966K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.32 | −0.167% | $2.6M | $10.6M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.74 | +0.077% | $58K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.77 | +0.092% | $445 | $144K | 10x | as long as short |
BloFin MRNA-USDT
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 | 173.18 | −0.249% | $13K | $431K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.33 | −0.162% | $1.6M | $644K | 20x | as long as short |
| QFEX MRNA-USD | +0.0001% | 1h | 173.31 | −0.173% | $1.1M | $2.5M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.635% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.16 | −0.259% | $2K | $65K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 173.34 | −0.156% | $40K | $57K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.32 | −0.167% | $43K | $35K | 5x | as long as short |
| tradeXYZ xyz:MRNA | +0.0111% | 1h | 173.20 | −0.236% | $2.6M | $4.5M | 10x | as long as short |
| Extended MRNA-USD | +0.0144% | 1h | 173.17 | −0.254% | $32K | $32K | 10x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 173.69 | +0.046% | $5K | $191K | 10x | as long as short |
| Lighter MRNA | +0.0432% | 1h | 173.76 | +0.086% | $156K | $1.2M | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
QFEX MRNA-USD
Injective MRNA/USDC PERP
Arcus MRNA-USD
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
tradeXYZ xyz:MRNA
Extended MRNA-USD
Phoenix MRNA
Lighter MRNA