Funding you earn now, next payment 06:00 UTC+0.1240%/8h= +135.8% APRpaid last 24h −0.072%
Price spread now: Binance against Lighter−0.104%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 7 days−0.304%−$30 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now −0.104%, 7d avg −0.013%
=Together, before fees−0.298%+ Points / potential airdropLighter: Season 3 · farm board−$30 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.091% cheaper against Lighter than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.013%). If the spread goes back, that is −$9 on $10k: about 6 hours of funding at the current rate (+$37 a day). Mind the row above: over the last 7 days funding on this pair cost −0.304%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.304% in total (about -15.9% 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 | Lighter MRNA | 172.36 | −0.1240 | get 0.0155% / 1h | 24m 52s | $156K | $1.2M | 10x |
| Short | Binance MRNAUSDT | 172.18 | 0 | get 0.0000% / 8h | 2h 24m | $2.1M | $11.4M | 20x |
Lighter MRNA
Binance MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $260.4
- Price spread: −0.104% → −0.013%
- −$9.14
- Slippage, 4 orders
- −$26.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $215.18
- Costs to cover
- 0.361%
- Break-even
- 1.2 days
Slippage from Lighter: live order book, 1 min ago; Binance: live order book, 15 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 Lighter live order book, 1 min ago | 3.77 bp | 7.9 bp −$8 | 33.7 bp −$337 | 172.3 bp −$17.2K | doesn't fit |
| Sell Binance live order book, 15 min ago | 2.02 bp | 10.1 bp −$10 | 55.0 bp −$550 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNAlong | −0.1240% | 1h | 172.36 | long leg | $156K | $1.2M | 10x | |
| Aster MRNAUSDT | 0.0000% | 8h | 172.10 | −0.150% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDTshort | 0.0000% | 8h | 172.18 | −0.104% | $2.1M | $11.4M | 20x | |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.07 | −0.168% | $935K | $620K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.00 | −0.209% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.24 | −0.070% | $860K | $999K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.21 | −0.087% | $2.6M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.18 | −0.106% | $55K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.33 | −0.019% | $546 | $147K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.14 | −0.128% | $14K | $431K | 20x | as long as short |
Aster 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 | 172.13 | −0.133% | $1.5M | $653K | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.01 | −0.203% | $1.1M | $2.5M | 10x | as long as short |
| BloFin MRNA-USDT | +0.0020% | 8h | 172.12 | −0.139% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.972% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.07 | −0.168% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 171.99 | −0.214% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.01 | −0.203% | $2.5M | $4.6M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 172.07 | −0.168% | $40K | $56K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.20 | −0.093% | $42K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 172.11 | −0.145% | $5K | $191K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0718% | 4h | 172.17 | −0.110% | $3K | $247K | 10x | as long as short |
Phemex MRNAUSDT
QFEX MRNA-USD
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
edgeX MRNAUSDC