Funding you earn now, next payment 02:00 UTC−0.0412%/8h= −45.1% APRpaid last 24h +0.040%
Price spread now: Phoenix against edgeX−0.019%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs+$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$680.675% of the position
Funding, last 7 days+0.877%+$88 on $10k
+Price spread, last 4 days (all we have)−0.204%−$20 · spread now −0.019%, 7d avg +0.035%
=Together, before fees+0.674%+ Points / potential airdropedgeX: Active · farm board+$67 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Phoenix is 0.054% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.035%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.877%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MRNAUSDC | 173.96 | 0.0597 | pay 0.0298% / 4h | 1h 02m | $3K | $245K | 10x |
| Short | Phoenix MRNA | 173.93 | 0.0185 | get 0.0023% / 1h | 2m 44s | $5K | $189K | 10x |
edgeX MRNAUSDC
Phoenix MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$86.44
- Price spread: −0.019% → +0.035%
- −$5.39
- Slippage, 4 orders
- −$51.53
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$159.35
- Costs to cover
- 0.675%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 60 min ago; Phoenix: live order book, 54 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, 60 min ago | 3.18 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 54 min ago | 4.04 bp | 24.3 bp −$24 | 77.2 bp −$772 | 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 | 173.77 | −0.111% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.87 | −0.053% | $944K | $658K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.77 | −0.111% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.83 | −0.076% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.87 | −0.053% | $869K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.71 | −0.145% | $2.7M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.96 | −0.004% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.99 | +0.018% | $592 | $148K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.80 | −0.096% | $13K | $433K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.94 | −0.013% | $1.6M | $641K | 20x | as long as short |
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.820% | $18K | $8K | 12x | as long as short |
| Binance MRNAUSDT | +0.0040% | 8h | 173.88 | −0.050% | $2.2M | $11.3M | 20x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.81 | −0.088% | $2K | $63K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.89 | −0.042% | $43K | $35K | 5x | as long as short |
| BloFin MRNA-USDT | +0.0069% | 8h | 173.88 | −0.048% | $45K | $29K | 20x | as long as short |
| tradeXYZ xyz:MRNA | +0.0089% | 1h | 173.73 | −0.134% | $2.6M | $4.4M | 10x | as long as short |
| Extended MRNA-USD | +0.0096% | 1h | 173.75 | −0.124% | $32K | $32K | 10x | as long as short |
| Phoenix MRNAshort | +0.0185% | 1h | 173.93 | −0.019% | $5K | $189K | 10x | |
| SoDEX MRNA-USD | +0.0315% | 1h | 173.90 | −0.036% | $40K | $56K | 10x | as long as short |
| edgeX MRNAUSDClong | +0.0597% | 4h | 173.96 | long leg | $3K | $245K | 10x | |
| Lighter MRNA | +0.1232% | 1h | 173.94 | −0.013% | $104K | $1.1M | 10x | as long as short |
Injective MRNA/USDC PERP
Binance MRNAUSDT
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
BloFin MRNA-USDT
tradeXYZ xyz:MRNA
Extended MRNA-USD
SoDEX MRNA-USD
Lighter MRNA