Funding you earn now, next payment 01:00 UTC+0.1248%/8h= +136.7% APRnext payment +$1.56 per $10,000 · paid last 24h +0.087%
Price spread now: Lighter against QFEX+0.116%7-day average +0.284% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 3 days (all we have)+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.116%, 7d avg +0.284%
=Together, before fees+0.201%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.169% cheaper against QFEX than usual: you would sell low and buy high (spread +0.116% now, against its 7-day average of +0.284%). If the spread goes back, that is −$17 on $10k: about 11 hours of funding at the current rate (+$37 a day). At the pace of the last 3 days (+0.150% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.150% in total (about 15.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MRNA-USD | 173.13 | 0 | get 0.0000% / 1h | 22m 07s | $1.1M | $2.7M | 10x |
| Short | Lighter MRNA | 173.33 | 0.1248 | get 0.0156% / 1h | 22m 07s | $123K | $1.0M | 10x |
QFEX MRNA-USD
Lighter MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against QFEX. 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
- $262.08
- Price spread: +0.116% → +0.284%
- −$16.86
- Slippage, 4 orders
- −$20.16
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $215.06
- Costs to cover
- 0.302%
- Break-even
- 1.3 days
Slippage from QFEX: live order book, 5 min ago; Lighter: live order book, 4 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 QFEX live order book, 5 min ago | 2.31 bp | 8.9 bp −$9 | 17.1 bp −$171 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 3.75 bp | 8.1 bp −$8 | 29.7 bp −$297 | 170.7 bp −$17.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRNAUSDT | 0.0000% | 8h | 173.12 | −0.007% | $29K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.31 | +0.104% | $940K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.22 | +0.052% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USDlong | 0.0000% | 1h | 173.13 | long leg | $1.1M | $2.7M | 10x | |
| Gate MRNA_USDT | 0.0000% | 8h | 173.22 | +0.052% | $869K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.20 | +0.040% | $2.6M | $10.5M | 20x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.35 | +0.129% | $12K | $428K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.29 | +0.092% | $1.6M | $648K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.381% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.27 | +0.081% | $2K | $65K | 10x | as long as short |
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MRNA-USD | +0.0048% | 1h | 173.17 | +0.022% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 173.19 | +0.035% | $2.6M | $4.3M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.41 | +0.162% | $43K | $40K | 5x | as long as short |
| Variational Omni MRNA | +0.0125% | 8h | 173.49 | +0.206% | $49K | $89K | — | as long as short |
| BloFin MRNA-USDT | +0.0183% | 8h | 173.27 | +0.081% | $44K | $29K | 20x | as long as short |
| Binance MRNAUSDT | +0.0188% | 8h | 173.26 | +0.076% | $2.2M | $11.5M | 20x | as long as short |
| Phoenix MRNA | +0.0231% | 1h | 173.59 | +0.266% | $5K | $193K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0634% | 4h | 173.42 | +0.168% | $3K | $245K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0987% | 1h | 173.22 | +0.052% | $40K | $66K | 10x | as long as short |
| Lighter MRNAshort | +0.1248% | 1h | 173.33 | +0.116% | $123K | $1.0M | 10x | |
| GRVT MRNA_USDT_Perp | +0.2095% | 8h | 173.51 | +0.217% | $291 | $158K | 10x | as long as short |
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Variational Omni MRNA
BloFin MRNA-USDT
Binance MRNAUSDT
Phoenix MRNA
edgeX MRNAUSDC
SoDEX MRNA-USD
GRVT MRNA_USDT_Perp