Funding you earn now, next payment 01:00 UTC−0.1296%/8h= −141.9% APRnext payment −$1.62 per $10,000 · paid last 24h −0.087%
Price spread now: QFEX against Lighter−0.138%7-day average −0.284% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 3 days (all we have)−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.138%, 7d avg −0.284%
=Together, before fees−0.178%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.146% dearer against Lighter than usual: you sell high and buy low (spread −0.138% now, against its 7-day average of −0.284%): +$15 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 3 days (−0.150% in total) that is about 3.3 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.150% in total (about -15.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.62 per $10,000. 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 | 173.37 | 0.1296 | pay 0.0162% / 1h | 23m 13s | $123K | $1.0M | 10x |
| Short | QFEX MRNA-USD | 173.13 | 0 | get 0.0000% / 1h | 23m 13s | $1.1M | $2.7M | 10x |
Lighter MRNA
QFEX MRNA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$272.16
- Price spread: −0.138% → −0.284%
- $14.57
- Slippage, 4 orders
- −$20.16
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$287.74
- Costs to cover
- 0.302%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; QFEX: live order book, 4 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, 2 min ago | 3.75 bp | 5.3 bp −$5 | 31.0 bp −$310 | 173.1 bp −$17.3K | doesn't fit |
| Sell QFEX live order book, 4 min ago | 2.31 bp | 7.9 bp −$8 | 15.4 bp −$154 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRNAUSDT | 0.0000% | 8h | 173.15 | −0.129% | $29K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.31 | −0.035% | $940K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.32 | −0.029% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USDshort | 0.0000% | 1h | 173.13 | −0.138% | $1.1M | $2.7M | 10x | |
| Gate MRNA_USDT | 0.0000% | 8h | 173.26 | −0.063% | $870K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.19 | −0.104% | $2.6M | $10.5M | 20x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.22 | −0.085% | $12K | $428K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.28 | −0.052% | $1.6M | $648K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.508% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.33 | −0.023% | $2K | $65K | 10x | as long as short |
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MRNA-USD | +0.0048% | 1h | 173.21 | −0.093% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 173.20 | −0.098% | $2.6M | $4.3M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.41 | +0.023% | $43K | $40K | 5x | as long as short |
| Variational Omni MRNA | +0.0125% | 8h | 173.49 | +0.067% | $49K | $89K | — | as long as short |
| BloFin MRNA-USDT | +0.0183% | 8h | 173.27 | −0.058% | $44K | $29K | 20x | as long as short |
| Binance MRNAUSDT | +0.0187% | 8h | 173.23 | −0.083% | $2.2M | $11.5M | 20x | as long as short |
| Phoenix MRNA | +0.0231% | 1h | 173.59 | +0.127% | $5K | $193K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0634% | 4h | 173.42 | +0.029% | $3K | $245K | 10x | as long as short |
| SoDEX MRNA-USD | +0.1028% | 1h | 173.22 | −0.087% | $40K | $66K | 10x | as long as short |
| Lighter MRNAlong | +0.1296% | 1h | 173.37 | long leg | $123K | $1.0M | 10x | |
| GRVT MRNA_USDT_Perp | +0.2095% | 8h | 173.51 | +0.078% | $291 | $158K | 10x | as long as short |
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Variational Omni MRNA
BloFin MRNA-USDT
Binance MRNAUSDT
Phoenix MRNA
edgeX MRNAUSDC
SoDEX MRNA-USD
GRVT MRNA_USDT_Perp