After costs, if the gap returns to its 7d average, $10k−$17
spread now+0.513%7d average+0.044%fees + slippage, in and out−$64spread needed0.640%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MRNA | 175.30 | 0.0184 | pay 0.0023% / 1h | 51m 04s | $5K | $165K | 10x |
| Short | Binance MRNAUSDT | 176.20 | 0 | get 0.0000% / 8h | 5h 51m | $2.3M | $10.0M | 20x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $51.34
- Funding while held
- −$5.52
- Slippage, 4 orders
- −$47.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.2
- Spread needed to break even
- 0.640%
Slippage from Phoenix: live order book, 54 min ago; Binance: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0184%
- Per $10,000 a day
- −$5.52
- Average in range /8h
- —
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 Phoenix live order book, 54 min ago | 2.97 bp | 18.3 bp −$18 | 72.1 bp −$721 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.14 bp | 12.7 bp −$13 | 42.1 bp −$421 | doesn't fit | doesn't fit |
MRNA price on every exchange
against the cheapest. Click to use as the short leg.MRNA on 20 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MRNA/USDC PERP | −9.515% | +0.0033% | 1h | $18K | $8K | 12x | as long as short |
| Variational Omni MRNA | −0.051% | 0.0000% | 8h | $28K | $56K | — | as long as short |
| Phoenix MRNAlong | 0.000% | +0.0184% | 1h | $5K | $165K | 10x | |
| Ondo Perps MRNA-USD.P | +0.148% | +0.0050% | 1h | $43K | $33K | 5x | as long as short |
| edgeX MRNAUSDC | +0.255% | +0.0875% | 4h | $3K | $233K | 10x | as long as short |
| QFEX MRNA-USD | +0.359% | 0.0000% | 1h | $1.1M | $2.2M | 10x | as long as short |
| BloFin MRNA-USDT | +0.365% | −0.0004% | 8h | — | $27K | 20x | as long as short |
| Arcus MRNA-USD | +0.371% | +0.0040% | 1h | $2K | $63K | 10x | as long as short |
| Bitget MRNAUSDT | +0.439% | 0.0000% | 8h | $2.8M | $8.8M | 20x | as long as short |
| tradeXYZ xyz:MRNA | +0.456% | +0.0050% | 1h | $2.7M | $3.5M | 10x | as long as short |
Show all 20 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX MRNA-USDT-SWAP | +0.456% | 0.0000% | 8h | $1.4M | $4.4M | 20x | as long as short |
| Gate MRNA_USDT | +0.468% | 0.0000% | 8h | $886K | $1.0M | 20x | as long as short |
| Extended MRNA-USD | +0.469% | +0.0048% | 1h | $32K | — | 10x | as long as short |
| HTX MRNA-USDT | +0.475% | 0.0000% | 8h | $12K | $426K | 20x | as long as short |
| SoDEX MRNA-USD | +0.485% | +0.0050% | 1h | $81 | $55K | 10x | as long as short |
| Aster MRNAUSDT | +0.486% | 0.0000% | 8h | $31K | $65K | 20x | as long as short |
| Phemex MRNAUSDT | +0.491% | 0.0000% | 8h | $1.6M | $543K | 20x | as long as short |
| Binance MRNAUSDTshort | +0.513% | 0.0000% | 8h | $2.3M | $10.0M | 20x | |
| Bybit MRNAUSDT | +0.576% | 0.0000% | 8h | $956K | $932K | 25x | as long as short |
| Lighter MRNA | +0.747% | +0.0704% | 1h | $194K | $831K | 10x | as long as short |
Phoenix MRNA
Binance MRNAUSDT
Injective
Variational Omni
BloFin
Bitget
tradeXYZ
OKX
Gate
Extended
HTX
SoDEX
Aster
Phemex
Bybit
Lighter