Funding you earn now, next payment 12:00 UTC+0.0435%/8h= +47.7% APRpaid last 24h +0.040%
Price spread now: edgeX against Phemex+0.156%78s7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1021.024% of the position
Funding, last 7 days−0.336%−$34 on $10k
+Price spread, last 4 days (all we have)−0.237%−$24 · spread now +0.156%, 7d avg −0.037%
=Together, before fees−0.572%+ Points / potential airdropedgeX: Active · farm board−$57 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and edgeX is 0.193% dearer against Phemex than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.037%. Mind the row above: over the last 7 days funding on this pair cost −0.336%, so the current rate has only just turned in your favour. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MRNAUSDT | 171.52 | 0 | get 0.0000% / 8h | 4h 56m | $1.5M | $687K | 20x |
| Short | edgeX MRNAUSDC | 171.79 | 0.0435 | get 0.0218% / 4h | 56m 11s | $3K | $255K | 10x |
Phemex MRNAUSDT
edgeX MRNAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phemex. 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
- $91.4
- Price spread: +0.156% → −0.037%
- $19.27
- Slippage, 4 orders
- −$81.44
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $8.24
- Costs to cover
- 1.024%
- Break-even
- 6.4 days
Slippage from Phemex: live order book, 5 min ago; edgeX: live order book, 49 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 Phemex live order book, 5 min ago | 2.91 bp | 41.5 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 49 min ago | 3.21 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
MRNA on 21 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRNA-USDT | −0.0012% | 8h | 171.52 | 0.000% | $46K | $30K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 171.33 | −0.113% | $25K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 171.47 | −0.029% | $926K | $620K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 171.27 | −0.146% | $1.2M | $5.5M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 171.41 | −0.064% | $1.1M | $2.3M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 171.46 | −0.035% | $887K | $992K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.24 | −0.163% | $2.7M | $10.8M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 171.56 | +0.023% | $94K | $125K | — | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 171.29 | −0.133% | $13K | $434K | 20x | as long as short |
| Phemex MRNAUSDTlong | 0.0000% | 8h | 171.52 | long leg | $1.5M | $687K | 20x |
BloFin MRNA-USDT
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
HTX MRNA-USDTShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MRNAUSDT | +0.0009% | 8h | 171.33 | −0.112% | $2.1M | $11.9M | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.521% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 171.00 | −0.303% | $2K | $64K | 10x | as long as short |
| Lighter MRNA | +0.0048% | 1h | 171.47 | −0.029% | $237K | $1.6M | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 171.46 | −0.032% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 171.20 | −0.187% | $2.6M | $4.8M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 171.48 | −0.023% | $40K | $56K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 171.34 | −0.105% | $42K | $39K | 5x | as long as short |
| Phoenix MRNA | +0.0278% | 1h | 171.66 | +0.082% | $5K | $208K | 10x | as long as short |
| edgeX MRNAUSDCshort | +0.0435% | 4h | 171.79 | +0.156% | $3K | $255K | 10x | |
| GRVT MRNA_USDT_Perp | +0.0618% | 8h | 171.56 | +0.021% | $551 | $129K | 10x | as long as short |
Binance MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Lighter MRNA
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
GRVT MRNA_USDT_Perp