Funding you earn now, next payment 05:00 UTC−0.0600%/8h= −65.7% APRpaid last 24h −0.102%
Price spread now: Bybit against Lighter−0.172%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$990.989% of the position
Funding, last 7 days−0.333%−$33 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.172%, 7d avg −0.061%
=Together, before fees−0.257%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bybit is 0.111% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.061%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.333% in total (about -17.4% 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 | 174.22 | 0.0600 | pay 0.0075% / 1h | 16m 20s | $158K | $1.1M | 10x |
| Short | Bybit MRNAUSDT | 173.92 | 0 | get 0.0000% / 8h | 3h 16m | $948K | $614K | 25x |
Lighter MRNA
Bybit MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$126
- Price spread: −0.172% → −0.061%
- −$11.09
- Slippage, 4 orders
- −$87.91
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$236
- Costs to cover
- 0.989%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Bybit: live order book, 64 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, 5 min ago | 2.01 bp | 2.6 bp −$3 | 34.0 bp −$340 | 181.2 bp −$18.1K | doesn't fit |
| Sell Bybit live order book, 64 min ago | 4.61 bp | 45.0 bp −$45 | 930.6 bp −$9,306 | 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 | −0.0517% | 4h | 174.17 | −0.026% | $3K | $247K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.91 | −0.178% | $28K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 174.07 | −0.086% | $2.2M | $11.3M | 20x | as long as short |
| Bybit MRNAUSDTshort | 0.0000% | 8h | 173.92 | −0.172% | $948K | $614K | 25x | |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.94 | −0.161% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.80 | −0.241% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.98 | −0.138% | $870K | $999K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.01 | −0.121% | $2.8M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 174.17 | −0.029% | $56K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 174.21 | −0.007% | $660 | $149K | 10x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Binance 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-USDT | 0.0000% | 8h | 173.68 | −0.309% | $13K | $430K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 174.01 | −0.121% | $1.6M | $643K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0020% | 8h | 174.05 | −0.098% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.954% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.90 | −0.184% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 173.77 | −0.259% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 173.79 | −0.247% | $2.7M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.94 | −0.161% | $43K | $35K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0153% | 1h | 173.89 | −0.189% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0277% | 1h | 173.88 | −0.195% | $5K | $191K | 10x | as long as short |
| Lighter MRNAlong | +0.0600% | 1h | 174.22 | long leg | $158K | $1.1M | 10x |
HTX MRNA-USDT
Phemex MRNAUSDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Phoenix MRNA