Funding you earn now, next payment 23:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.086%
Price spread now: Phoenix against HTX−0.101%72s7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as 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−$2072.067% of the position
Funding, last 7 days+0.541%+$54 on $10k
+Price spread, last 3 days (all we have)−0.064%−$6 · spread now −0.101%, 7d avg −0.007%
=Funding pays, the price is against you. Phoenix is 0.094% cheaper against HTX than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.007%). If the spread goes back, that is −$9 on $10k: about 32 hours of funding at the current rate (+$7 a day). The two prices were read 72 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 | HTX MRNA-USDT | 172.85 | 0 | get 0.0000% / 8h | 39m 41s | $12K | $430K | 20x |
| Short | Phoenix MRNA | 172.68 | 0.0232 | get 0.0029% / 1h | 39m 41s | $5K | $191K | 10x |
HTX MRNA-USDT
Phoenix MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- $48.65
- Price spread: −0.101% → −0.007%
- −$9.36
- Slippage, 4 orders
- −$187.66
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$167.37
- Costs to cover
- 2.067%
- Break-even
- 31.1 days
Slippage from HTX: live order book, 39 min ago; Phoenix: live order book, 32 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 HTX live order book, 39 min ago | 15.43 bp | 130.7 bp −$131 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 32 min ago | 2.90 bp | 17.9 bp −$18 | 53.8 bp −$538 | 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 MRNAUSDC | −0.0953% | 4h | 172.71 | −0.083% | $3K | $245K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.62 | −0.134% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.83 | −0.015% | $2.2M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.70 | −0.089% | $933K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.93 | +0.044% | $1.4M | $5.0M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.74 | −0.066% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.67 | −0.106% | $879K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.67 | −0.106% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.81 | −0.023% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.73 | −0.072% | $624 | $165K | 10x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
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-USDTlong | 0.0000% | 8h | 172.85 | long leg | $12K | $430K | 20x | |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.88 | +0.015% | $1.6M | $645K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0002% | 8h | 172.83 | −0.014% | $44K | $29K | 20x | as long as short |
| Lighter MRNA | +0.0032% | 1h | 172.77 | −0.049% | $124K | $1.0M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.235% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.61 | −0.141% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.62 | −0.135% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.63 | −0.130% | $2.6M | $4.2M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.57 | −0.164% | $43K | $39K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0172% | 1h | 172.75 | −0.060% | $40K | $66K | 10x | as long as short |
| Phoenix MRNAshort | +0.0232% | 1h | 172.68 | −0.101% | $5K | $191K | 10x |
Phemex MRNAUSDT
BloFin MRNA-USDT
Lighter MRNA
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD