Funding you earn now, next payment 05:00 UTC−0.0185%/8h= −20.2% APRpaid last 24h −0.064%
Price spread now: Variational Omni against Phoenix+0.014%7-day average — · you sell dearer than you buy
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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MRNA | 172.64 | 0.0185 | pay 0.0023% / 1h | 5m 00s | $5K | $191K | 10x |
| Short | Variational Omni MRNA | 172.66 | 0 | get 0.0000% / 8h | 2h 05m | $56K | $96K | — |
Phoenix MRNA
Variational Omni MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$38.79
- Price spread: +0.014% → 0.000%
- $1.44
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$44.36
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 37 min ago; Variational Omni: 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, 37 min ago | 4.04 bp | 22.1 bp −$22 | 91.4 bp −$914 | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Variational Omni: 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNA | −0.0976% | 1h | 172.86 | +0.127% | $156K | $1.2M | 10x | as long as short |
| edgeX MRNAUSDC | −0.0750% | 4h | 172.73 | +0.051% | $3K | $248K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.63 | −0.003% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.71 | +0.038% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.67 | +0.017% | $938K | $621K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.60 | −0.023% | $1.3M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.58 | −0.035% | $862K | $999K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.59 | −0.029% | $2.6M | $10.5M | 20x | as long as short |
| Variational Omni MRNAshort | 0.0000% | 8h | 172.66 | +0.014% | $56K | $96K | — | |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.71 | +0.042% | $3 | $147K | 10x | as long as short |
Lighter MRNA
edgeX MRNAUSDC
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
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 | 172.62 | −0.014% | $14K | $431K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.62 | −0.012% | $1.6M | $654K | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.54 | −0.058% | $1.1M | $2.5M | 10x | as long as short |
| BloFin MRNA-USDT | +0.0015% | 8h | 172.82 | +0.104% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.121% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.52 | −0.070% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.67 | +0.018% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 172.69 | +0.029% | $2.6M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.47 | −0.098% | $43K | $35K | 5x | as long as short |
| Phoenix MRNAlong | +0.0185% | 1h | 172.64 | long leg | $5K | $191K | 10x | |
| SoDEX MRNA-USD | +0.0232% | 1h | 172.62 | −0.012% | $40K | $56K | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
QFEX MRNA-USD
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
SoDEX MRNA-USD