Funding you earn now, next payment 12:00 UTC−0.0435%/8h= −47.7% APRpaid last 24h −0.040%
Price spread now: OKX against edgeX−0.348%101s7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as 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−$640.642% of the position
Funding, last 7 days+0.336%+$34 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.348%, 7d avg −0.017%
=Together, before fees+0.506%+ Points / potential airdropedgeX: Active · farm board+$51 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and OKX is 0.331% cheaper against edgeX than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.336%, so the current rate has only just turned against you. The two prices were read 101 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 | edgeX MRNAUSDC | 171.79 | 0.0435 | pay 0.0218% / 4h | 56m 01s | $3K | $255K | 10x |
| Short | OKX MRNA-USDT-SWAP | 171.19 | 0 | get 0.0000% / 8h | 4h 56m | $1.2M | $5.5M | 20x |
edgeX MRNAUSDC
OKX MRNA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$91.4
- Price spread: −0.348% → −0.017%
- −$33.13
- Slippage, 4 orders
- −$45.21
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$188.75
- Costs to cover
- 0.642%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 49 min ago; OKX: 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 edgeX live order book, 49 min ago | 3.21 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 4.08 bp | 22.4 bp −$22 | 135.9 bp −$1,359 | doesn't fit | doesn't fit |
MRNA on 21 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRNA-USDT | −0.0012% | 8h | 171.52 | −0.156% | $46K | $30K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 171.31 | −0.280% | $25K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 171.38 | −0.237% | $926K | $620K | 25x | as long as short |
| OKX MRNA-USDT-SWAPshort | 0.0000% | 8h | 171.19 | −0.348% | $1.2M | $5.5M | 20x | |
| QFEX MRNA-USD | 0.0000% | 1h | 171.41 | −0.220% | $1.1M | $2.3M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 171.36 | −0.249% | $886K | $992K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.20 | −0.342% | $2.7M | $10.8M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 171.56 | −0.133% | $94K | $125K | — | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 171.29 | −0.289% | $13K | $434K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 171.52 | −0.156% | $1.5M | $687K | 20x | as long as short |
BloFin MRNA-USDT
Aster MRNAUSDT
Bybit MRNAUSDT
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
HTX MRNA-USDT
Phemex MRNAUSDTShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MRNAUSDT | +0.0009% | 8h | 171.33 | −0.267% | $2.1M | $11.9M | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.665% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 171.00 | −0.459% | $2K | $64K | 10x | as long as short |
| Lighter MRNA | +0.0048% | 1h | 171.47 | −0.185% | $237K | $1.6M | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 171.19 | −0.345% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 171.20 | −0.342% | $2.6M | $4.8M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 171.48 | −0.179% | $40K | $56K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 171.34 | −0.261% | $42K | $39K | 5x | as long as short |
| Phoenix MRNA | +0.0278% | 1h | 171.66 | −0.074% | $5K | $208K | 10x | as long as short |
| edgeX MRNAUSDClong | +0.0435% | 4h | 171.79 | long leg | $3K | $255K | 10x | |
| GRVT MRNA_USDT_Perp | +0.0618% | 8h | 171.56 | −0.135% | $551 | $129K | 10x | as long as short |
Binance MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Lighter MRNA
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
GRVT MRNA_USDT_Perp