Funding you earn now, next payment 08:00 UTC+0.0432%/8h= +47.3% APRpaid last 24h +0.073%
Price spread now: Lighter against Gate+0.225%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$760.763% of the position
Funding, last 7 days+0.225%+$23 on $10k
+Price spread, last 7 days−0.171%−$17 · spread now +0.225%, 7d avg +0.025%
=Together, before fees+0.054%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Lighter is 0.200% dearer against Gate than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.025%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.225% in total (about 11.7% 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 | Gate MRNA_USDT | 173.31 | 0 | get 0.0000% / 8h | 55m 41s | $865K | $966K | 20x |
| Short | Lighter MRNA | 173.70 | 0.0432 | get 0.0054% / 1h | 55m 41s | $156K | $1.2M | 10x |
Gate MRNA_USDT
Lighter MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- $90.72
- Price spread: +0.225% → +0.025%
- $19.95
- Slippage, 4 orders
- −$61.32
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $34.36
- Costs to cover
- 0.763%
- Break-even
- 4.3 days
Slippage from Gate: live order book, 46 min ago; Lighter: 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 Gate live order book, 46 min ago | 19.14 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 2.88 bp | 4.0 bp −$4 | 36.0 bp −$360 | 180.4 bp −$18.0K | 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 | −0.0347% | 4h | 173.59 | +0.161% | $3K | $249K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0012% | 8h | 173.70 | +0.225% | $45K | $30K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.12 | −0.110% | $26K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.23 | −0.047% | $2.1M | $11.3M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.25 | −0.035% | $941K | $607K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.22 | −0.052% | $1.3M | $5.4M | 20x | as long as short |
| Gate MRNA_USDTlong | 0.0000% | 8h | 173.31 | long leg | $865K | $966K | 20x | |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.23 | −0.046% | $2.6M | $10.6M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.27 | −0.021% | $58K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.60 | +0.165% | $444 | $144K | 10x | as long as short |
edgeX MRNAUSDC
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
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 | −0.076% | $13K | $431K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.33 | +0.012% | $1.6M | $644K | 20x | as long as short |
| QFEX MRNA-USD | +0.0001% | 1h | 173.08 | −0.133% | $1.1M | $2.5M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.476% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.11 | −0.115% | $2K | $65K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 173.34 | +0.017% | $40K | $57K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.32 | +0.006% | $43K | $35K | 5x | as long as short |
| tradeXYZ xyz:MRNA | +0.0095% | 1h | 173.19 | −0.069% | $2.6M | $4.5M | 10x | as long as short |
| Extended MRNA-USD | +0.0144% | 1h | 173.12 | −0.110% | $32K | $32K | 10x | as long as short |
| Phoenix MRNA | +0.0232% | 1h | 173.69 | +0.219% | $5K | $191K | 10x | as long as short |
| Lighter MRNAshort | +0.0432% | 1h | 173.70 | +0.225% | $156K | $1.2M | 10x |
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