Funding you earn now, next payment 06:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.045%
Price spread now: Phoenix against Extended+0.035%88s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.035% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 88 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 | Extended MRNA-USD | 172.44 | 0.0048 | pay 0.0006% / 1h | 42m 04s | $32K | $32K | 10x |
| Short | Phoenix MRNA | 172.50 | 0.0232 | get 0.0029% / 1h | 42m 04s | $5K | $191K | 10x |
Extended MRNA-USD
Phoenix MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- $38.61
- Price spread: +0.035% → 0.000%
- $3.52
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $30.13
- Costs to cover
- 0.120%
- Break-even
- 1.5 days
Slippage unknown: Extended: no order-book sample; Phoenix: live order book, 59 min ago. Net counts fees only.
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 Extended no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 59 min ago | 4.04 bp | 24.3 bp −$24 | 77.3 bp −$773 | doesn't fit | doesn't fit |
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0993% | 4h | 172.51 | +0.038% | $3K | $250K | 10x | as long as short |
| Lighter MRNA | −0.0176% | 1h | 172.69 | +0.145% | $156K | $1.2M | 10x | as long as short |
| BloFin MRNA-USDT | −0.0005% | 8h | 172.44 | 0.000% | $45K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.52 | +0.046% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.51 | +0.044% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.57 | +0.076% | $937K | $621K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.41 | −0.017% | $1.3M | $5.4M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.45 | +0.006% | $1.1M | $2.5M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.50 | +0.035% | $862K | $994K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.48 | +0.024% | $2.6M | $10.6M | 20x | as long as short |
edgeX MRNAUSDC
Lighter MRNA
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MRNA | 0.0000% | 8h | 172.48 | +0.026% | $56K | $94K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.55 | +0.064% | $550 | $147K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.60 | +0.096% | $13K | $431K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.57 | +0.076% | $1.6M | $655K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.014% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.36 | −0.046% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USDlong | +0.0048% | 1h | 172.44 | long leg | $32K | $32K | 10x | |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.43 | −0.005% | $2.5M | $4.6M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.23 | −0.121% | $43K | $35K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0070% | 1h | 172.44 | 0.000% | $40K | $56K | 10x | as long as short |
| Phoenix MRNAshort | +0.0232% | 1h | 172.50 | +0.035% | $5K | $191K | 10x |
Variational Omni MRNA
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD