Funding you earn now, next payment 03:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.042%
Price spread now: tradeXYZ against OKX−0.075%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$630.635% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 7 days+0.107%+$11 · spread now −0.075%, 7d avg −0.009%
=Together, before fees+0.319%+ Points / potential airdroptradeXYZ: Active · farm board+$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.066% cheaper against OKX than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.009%). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MRNA-USDT-SWAP | 173.73 | 0 | get 0.0000% / 8h | 5h 00m | $1.3M | $5.2M | 20x |
| Short | tradeXYZ xyz:MRNA | 173.60 | 0.0088 | get 0.0011% / 1h | 0m 54s | $2.6M | $4.4M | 10x |
OKX MRNA-USDT-SWAP
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $18.42
- Price spread: −0.075% → −0.009%
- −$6.55
- Slippage, 4 orders
- −$35.49
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$51.63
- Costs to cover
- 0.635%
- Break-even
- 26.6 days
Slippage from OKX: live order book, 2 min ago; tradeXYZ: live order book, 7 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 | 4.60 bp | 12.2 bp −$12 | 123.0 bp −$1,230 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 1.15 bp | 12.6 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRNAUSDT | 0.0000% | 8h | 173.67 | −0.036% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.80 | +0.040% | $944K | $658K | 25x | as long as short |
| OKX MRNA-USDT-SWAPlong | 0.0000% | 8h | 173.73 | long leg | $1.3M | $5.2M | 20x | |
| QFEX MRNA-USD | 0.0000% | 1h | 173.76 | +0.017% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.59 | −0.081% | $868K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.68 | −0.029% | $2.7M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.87 | +0.081% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.94 | +0.121% | $591 | $148K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.85 | +0.067% | $13K | $433K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.77 | +0.023% | $1.6M | $641K | 20x | as long as short |
Aster MRNAUSDT
Bybit MRNAUSDT
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.697% | $18K | $8K | 12x | as long as short |
| Binance MRNAUSDT | +0.0040% | 8h | 173.79 | +0.035% | $2.2M | $11.3M | 20x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.78 | +0.029% | $2K | $63K | 10x | as long as short |
| BloFin MRNA-USDT | +0.0043% | 8h | 174.00 | +0.155% | $45K | $29K | 20x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.60 | −0.075% | $43K | $35K | 5x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0088% | 1h | 173.60 | −0.075% | $2.6M | $4.4M | 10x | |
| Extended MRNA-USD | +0.0088% | 1h | 173.58 | −0.084% | $32K | $32K | 10x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 173.87 | +0.081% | $5K | $189K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0297% | 1h | 173.85 | +0.069% | $40K | $56K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0597% | 4h | 173.96 | +0.134% | $3K | $245K | 10x | as long as short |
| Lighter MRNA | +0.1208% | 1h | 173.91 | +0.104% | $104K | $1.1M | 10x | as long as short |
Injective MRNA/USDC PERP
Binance MRNAUSDT
Arcus MRNA-USD
BloFin MRNA-USDT
Ondo Perps MRNA-USD.P
Extended MRNA-USD
Phoenix MRNA
SoDEX MRNA-USD
edgeX MRNAUSDC
Lighter MRNA