Funding you earn now, next payment 19:00 UTC−0.0196%/8hnext payment −$0.24 per $10,000 · paid last 24h −0.070%
Price spread now: Injective against Phoenix−8.550%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 8.550% cheaper against Phoenix than usual: you would sell low and buy high (−$855 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MRNA | 173.45 | 0.0229 | pay 0.0029% / 1h | 4m 20s | $5K | $178K | 10x |
| Short | Injective MRNA/USDC PERP | 158.62 | 0.0033 | get 0.0004% / 1h | 4m 20s | $18K | $8K | 12x |
Phoenix MRNA
Injective MRNA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$41.13
- Price spread: −8.550% → 0.000%
- −$855
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$903.16
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 23 min ago; Injective: 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, 23 min ago | 2.88 bp | 18.0 bp −$18 | 71.6 bp −$716 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRNAUSDT | 0.0000% | 8h | 172.47 | −0.568% | $30K | $79K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.51 | −0.540% | $2.2M | $10.8M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.53 | −0.530% | $961K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.54 | −0.525% | $1.4M | $4.8M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.40 | −0.605% | $1.1M | $2.4M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.50 | −0.548% | $898K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.34 | −0.640% | $2.7M | $10.1M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.43 | −0.009% | $35K | $70K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.47 | +0.013% | $633 | $168K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.55 | +0.058% | $12K | $426K | 20x | as long as short |
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 173.36 | −0.052% | $1.6M | $602K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0028% | 8h | 173.30 | −0.086% | $45K | $28K | 20x | as long as short |
| Injective MRNA/USDC PERPshort | +0.0033% | 1h | 158.62 | −8.550% | $18K | $8K | 12x | |
| Arcus MRNA-USD | +0.0040% | 1h | 172.35 | −0.634% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.34 | −0.640% | $48K | $16K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.48 | −0.559% | $2.7M | $3.9M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 173.21 | −0.138% | $76 | $55K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.10 | −0.778% | $42K | $37K | 5x | as long as short |
| Lighter MRNA | +0.0056% | 1h | 172.58 | −0.502% | $152K | $980K | 10x | as long as short |
| Phoenix MRNAlong | +0.0229% | 1h | 173.45 | long leg | $5K | $178K | 10x | |
| edgeX MRNAUSDC | +0.0765% | 4h | 173.43 | −0.012% | $3K | $235K | 10x | as long as short |
Phemex MRNAUSDT
BloFin MRNA-USDT
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
Lighter MRNA
edgeX MRNAUSDC