Funding you earn now, next payment 07:00 UTC−0.0142%/8h= −15.6% APRnext payment −$0.18 per $10,000 · paid last 24h −0.046%
Price spread now: Extended against Phoenix−0.061%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.061% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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 | Phoenix MRNA | 173.20 | 0.0230 | pay 0.0029% / 1h | 50m 29s | $5K | $191K | 10x |
| Short | Extended MRNA-USD | 173.09 | 0.0088 | get 0.0011% / 1h | 50m 29s | $32K | $32K | 10x |
Phoenix MRNA
Extended MRNA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$29.92
- Price spread: −0.061% → 0.000%
- −$6.15
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$48.06
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 46 min ago; Extended: no order-book sample. Net counts fees only.
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, 46 min ago | 2.32 bp | 16.2 bp −$16 | 63.3 bp −$633 | doesn't fit | doesn't fit |
| Sell Extended no order-book sample | — | — | — | — | — |
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0937% | 4h | 173.25 | +0.030% | $3K | $250K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0001% | 8h | 173.20 | 0.000% | $45K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.11 | −0.054% | $26K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.22 | +0.012% | $2.1M | $11.3M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.17 | −0.017% | $940K | $607K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.10 | −0.058% | $1.3M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.23 | +0.017% | $865K | $966K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.21 | +0.006% | $2.6M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.19 | −0.005% | $57K | $95K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.25 | +0.027% | $444 | $144K | 10x | as long as short |
edgeX MRNAUSDC
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 | 173.33 | +0.077% | $14K | $430K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.29 | +0.052% | $1.6M | $642K | 20x | as long as short |
| QFEX MRNA-USD | +0.0001% | 1h | 173.04 | −0.092% | $1.1M | $2.5M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.418% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.00 | −0.115% | $2K | $65K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.95 | −0.144% | $43K | $35K | 5x | as long as short |
| SoDEX MRNA-USD | +0.0052% | 1h | 173.17 | −0.017% | $40K | $56K | 10x | as long as short |
| Extended MRNA-USDshort | +0.0088% | 1h | 173.09 | −0.061% | $32K | $32K | 10x | |
| Lighter MRNA | +0.0088% | 1h | 173.45 | +0.144% | $156K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0096% | 1h | 173.12 | −0.046% | $2.6M | $4.4M | 10x | as long as short |
| Phoenix MRNAlong | +0.0230% | 1h | 173.20 | long leg | $5K | $191K | 10x |
HTX MRNA-USDT
Phemex MRNAUSDT
QFEX MRNA-USD
Injective MRNA/USDC PERP
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD
Lighter MRNA
tradeXYZ xyz:MRNA