Funding you earn now, next payment 05:00 UTC+0.0325%/8h= +35.6% APRpaid last 24h −0.045%
Price spread now: edgeX against Phoenix+0.143%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$640.636% of the position
Funding, last 7 days−0.902%−$90 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.143%, 7d avg −0.035%
=Together, before fees−0.936%+ Points / potential airdropedgeX: Active · farm board−$94 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and edgeX is 0.178% dearer against Phoenix than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.902%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MRNA | 172.84 | 0.0185 | pay 0.0023% / 1h | 45m 00s | $5K | $191K | 10x |
| Short | edgeX MRNAUSDC | 173.09 | 0.0510 | get 0.0255% / 4h | 2h 45m | $3K | $248K | 10x |
Phoenix MRNA
edgeX MRNAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phoenix. 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
- $68.32
- Price spread: +0.143% → −0.035%
- $17.76
- Slippage, 4 orders
- −$47.61
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $22.48
- Costs to cover
- 0.636%
- Break-even
- 4.7 days
Slippage from Phoenix: live order book, 62 min ago; edgeX: 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 Phoenix live order book, 62 min ago | 4.01 bp | 22.4 bp −$22 | 91.4 bp −$914 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 2 min ago | 1.73 bp | 8.5 bp −$9 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNA | −0.1112% | 1h | 173.22 | +0.220% | $156K | $1.2M | 10x | as long as short |
| BloFin MRNA-USDT | −0.0016% | 8h | 173.15 | +0.179% | $45K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.95 | +0.064% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.16 | +0.188% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.14 | +0.174% | $941K | $620K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.05 | +0.121% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.96 | +0.069% | $864K | $998K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.11 | +0.156% | $2.7M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.09 | +0.144% | $55K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.09 | +0.145% | $235 | $148K | 10x | as long as short |
Lighter MRNA
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 173.25 | +0.238% | $13K | $430K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.14 | +0.174% | $1.6M | $650K | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.94 | +0.058% | $1.1M | $2.6M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.227% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.90 | +0.035% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.99 | +0.088% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 173.00 | +0.093% | $2.6M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.89 | +0.029% | $42K | $35K | 5x | as long as short |
| Phoenix MRNAlong | +0.0185% | 1h | 172.84 | long leg | $5K | $191K | 10x | |
| SoDEX MRNA-USD | +0.0460% | 1h | 173.11 | +0.156% | $40K | $56K | 10x | as long as short |
| edgeX MRNAUSDCshort | +0.0510% | 4h | 173.09 | +0.143% | $3K | $248K | 10x |
HTX MRNA-USDT
Phemex MRNAUSDT
QFEX MRNA-USD
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD