Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: QFEX against Phemex−0.012%7-day average −0.269% · 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−$74as in the Price arb table
costs, in and out, $10k−$1000.996% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 3 days (all we have)−0.125%−$12 · spread now −0.012%, 7d avg −0.269%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.257% dearer against Phemex than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.269%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MRNAUSDT | 171.97 | 0 | get 0.0000% / 8h | 6h 34m | $1.5M | $646K | 20x |
| Short | QFEX MRNA-USD | 171.95 | 0.0000 | pay 0.0000% / 1h | 34m 59s | $1.1M | $2.7M | 10x |
Phemex MRNAUSDT
QFEX MRNA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$0.05
- Price spread: −0.012% → −0.269%
- $25.74
- Slippage, 4 orders
- −$77.63
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$73.94
- Costs to cover
- 0.996%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; QFEX: live order book, 2 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, 3 min ago | 2.91 bp | 46.9 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 1.45 bp | 7.6 bp −$8 | 16.0 bp −$160 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNA | −0.0792% | 1h | 172.09 | +0.070% | $109K | $1.1M | 10x | as long as short |
| QFEX MRNA-USDshort | 0.0000% | 1h | 171.95 | −0.012% | $1.1M | $2.7M | 10x | |
| Aster MRNAUSDT | 0.0000% | 8h | 172.05 | +0.044% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 171.98 | +0.006% | $932K | $848K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.06 | +0.052% | $1.3M | $5.2M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 171.92 | −0.029% | $860K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.93 | −0.023% | $2.6M | $10.5M | 20x | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.18 | +0.120% | $198 | $153K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.06 | +0.049% | $12K | $428K | 20x | as long as short |
| Phemex MRNAUSDTlong | 0.0000% | 8h | 171.97 | long leg | $1.5M | $646K | 20x |
Lighter MRNA
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
GRVT MRNA_USDT_Perp
HTX MRNA-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | +0.0024% | 4h | 172.14 | +0.097% | $3K | $246K | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.763% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 171.97 | 0.000% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 171.90 | −0.039% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 171.92 | −0.029% | $2.6M | $4.3M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 172.00 | +0.017% | $40K | $66K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 171.99 | +0.012% | $42K | $37K | 5x | as long as short |
| Variational Omni MRNA | +0.0081% | 8h | 172.05 | +0.046% | $49K | $89K | — | as long as short |
| Binance MRNAUSDT | +0.0113% | 8h | 172.04 | +0.041% | $2.1M | $11.3M | 20x | as long as short |
| BloFin MRNA-USDT | +0.0133% | 8h | 172.49 | +0.302% | $45K | $29K | 20x | as long as short |
| Phoenix MRNA | +0.0279% | 1h | 171.98 | +0.006% | $5K | $193K | 10x | as long as short |
edgeX MRNAUSDC
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
Variational Omni MRNA
Binance MRNAUSDT
BloFin MRNA-USDT
Phoenix MRNA