Funding you earn now, next payment 05:00 UTC+0.0151%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.071%
Price spread now: Phoenix against Injective+8.965%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 8.965% dearer against Injective than usual: you sell high and buy low: +$896 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MRNA/USDC PERP | 158.62 | 0.0033 | pay 0.0004% / 1h | 47m 09s | $18K | $8K | 12x |
| Short | Phoenix MRNA | 172.84 | 0.0185 | get 0.0023% / 1h | 47m 09s | $5K | $191K | 10x |
Injective MRNA/USDC PERP
Phoenix MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- $31.79
- Price spread: +8.965% → 0.000%
- $896.48
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $921.25
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 59 min ago | 4.01 bp | 24.2 bp −$24 | 77.0 bp −$770 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNA | −0.1176% | 1h | 173.16 | +9.167% | $156K | $1.2M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.91 | +9.011% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.11 | +9.135% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.08 | +9.116% | $941K | $620K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.88 | +8.990% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.89 | +8.996% | $864K | $998K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.10 | +9.129% | $2.7M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.99 | +9.059% | $55K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.05 | +9.097% | $242 | $148K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.91 | +9.012% | $13K | $430K | 20x | as long as short |
Lighter MRNA
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_Perp
HTX MRNA-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 173.06 | +9.104% | $1.6M | $650K | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.83 | +8.959% | $1.1M | $2.6M | 10x | as long as short |
| BloFin MRNA-USDT | +0.0005% | 8h | 172.94 | +9.028% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERPlong | +0.0033% | 1h | 158.62 | long leg | $18K | $8K | 12x | |
| Arcus MRNA-USD | +0.0040% | 1h | 172.84 | +8.965% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.91 | +9.010% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.93 | +9.022% | $2.6M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.89 | +8.996% | $42K | $35K | 5x | as long as short |
| Phoenix MRNAshort | +0.0185% | 1h | 172.84 | +8.965% | $5K | $191K | 10x | |
| SoDEX MRNA-USD | +0.0431% | 1h | 173.08 | +9.116% | $40K | $56K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0689% | 4h | 172.96 | +9.038% | $3K | $248K | 10x | as long as short |
Phemex MRNAUSDT
QFEX MRNA-USD
BloFin MRNA-USDT
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
edgeX MRNAUSDC