Funding you earn now, next payment 08:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h +0.030%
Price spread now: tradeXYZ against Phemex−0.087%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1031.035% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.087%, 7d avg −0.057%
=Together, before fees+0.200%+ Points / potential airdroptradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.030% cheaper against Phemex than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.057%). If the spread goes back, that is −$3 on $10k: about 31 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MRNAUSDT | 173.08 | 0 | get 0.0000% / 8h | 30m 42s | $1.6M | $638K | 20x |
| Short | tradeXYZ xyz:MRNA | 172.93 | 0.0077 | get 0.0010% / 1h | 30m 42s | $2.6M | $4.3M | 10x |
Phemex MRNAUSDT
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $16.13
- Price spread: −0.087% → −0.057%
- −$2.97
- Slippage, 4 orders
- −$73.47
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$90.3
- Costs to cover
- 1.035%
- Break-even
- 46.2 days
Slippage from Phemex: live order book, 2 min ago; tradeXYZ: live order book, 8 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, 2 min ago | 7.80 bp | 38.0 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 2.02 bp | 15.6 bp −$16 | 25.4 bp −$254 | 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 | 173.01 | −0.042% | $26K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.06 | −0.012% | $2.1M | $11.2M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.00 | −0.046% | $939K | $601K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.08 | 0.000% | $1.3M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.08 | 0.000% | $883K | $983K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.17 | +0.052% | $2.6M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.03 | −0.030% | $57K | $92K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.28 | +0.117% | $404 | $142K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.94 | −0.079% | $13K | $431K | 20x | as long as short |
| Phemex MRNAUSDTlong | 0.0000% | 8h | 173.08 | long leg | $1.6M | $638K | 20x |
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX MRNA-USD | +0.0001% | 1h | 172.88 | −0.116% | $1.1M | $2.5M | 10x | as long as short |
| BloFin MRNA-USDT | +0.0027% | 8h | 173.10 | +0.012% | $45K | $29K | 20x | as long as short |
| Lighter MRNA | +0.0032% | 1h | 173.31 | +0.133% | $156K | $1.2M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.355% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.90 | −0.104% | $2K | $65K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.82 | −0.150% | $43K | $35K | 5x | as long as short |
| Extended MRNA-USD | +0.0072% | 1h | 172.92 | −0.094% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0077% | 1h | 172.93 | −0.087% | $2.6M | $4.3M | 10x | |
| SoDEX MRNA-USD | +0.0187% | 1h | 173.01 | −0.040% | $40K | $55K | 10x | as long as short |
| Phoenix MRNA | +0.0230% | 1h | 172.99 | −0.052% | $5K | $191K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0337% | 4h | 173.09 | +0.009% | $3K | $251K | 10x | as long as short |
QFEX MRNA-USD
BloFin MRNA-USDT
Lighter MRNA
Injective MRNA/USDC PERP
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
Extended MRNA-USD
SoDEX MRNA-USD
Phoenix MRNA
edgeX MRNAUSDC