Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against OKX−0.023%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1261.255% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.203%+$20 · spread now −0.023%, 7d avg +0.053%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.076% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MRNA-USDT-SWAP | 174.45 | 0 | get 0.0000% / 8h | 3h 40m | $1.3M | $5.3M | 20x |
| Short | Phemex MRNAUSDT | 174.41 | 0 | get 0.0000% / 8h | 3h 40m | $1.6M | $644K | 20x |
OKX MRNA-USDT-SWAP
Phemex MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. 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
- $0
- Price spread: −0.023% → +0.053%
- −$7.59
- Slippage, 4 orders
- −$103.55
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$133.14
- Costs to cover
- 1.255%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Phemex: live order book, 3 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 OKX live order book, 2 min ago | 1.15 bp | 24.5 bp −$24 | 153.7 bp −$1,537 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.29 bp | 39.0 bp −$39 | doesn't fit | 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 | −0.0045% | 4h | 174.44 | −0.005% | $3K | $246K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 174.24 | −0.122% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 174.49 | +0.023% | $951K | $616K | 25x | as long as short |
| OKX MRNA-USDT-SWAPlong | 0.0000% | 8h | 174.45 | long leg | $1.3M | $5.3M | 20x | |
| QFEX MRNA-USD | 0.0000% | 1h | 174.24 | −0.120% | $1.1M | $2.6M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 174.35 | −0.057% | $871K | $997K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.24 | −0.120% | $2.8M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 174.48 | +0.020% | $55K | $94K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 174.38 | −0.040% | $17 | $147K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 174.47 | +0.010% | $14K | $431K | 20x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Bybit MRNAUSDT
QFEX MRNA-USD
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 MRNAUSDTshort | 0.0000% | 8h | 174.41 | −0.023% | $1.6M | $644K | 20x | |
| BloFin MRNA-USDT | +0.0002% | 8h | 174.46 | +0.006% | $45K | $29K | 20x | as long as short |
| Binance MRNAUSDT | +0.0013% | 8h | 174.40 | −0.029% | $2.2M | $11.3M | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −9.074% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 174.22 | −0.132% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 174.22 | −0.133% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 174.24 | −0.120% | $2.7M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 174.37 | −0.046% | $43K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0277% | 1h | 174.42 | −0.017% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0473% | 1h | 174.33 | −0.069% | $40K | $56K | 10x | as long as short |
| Lighter MRNA | +0.0744% | 1h | 174.48 | +0.017% | $158K | $1.1M | 10x | as long as short |
BloFin MRNA-USDT
Binance MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Phoenix MRNA
SoDEX MRNA-USD
Lighter MRNA