Funding you earn now, next payment 04:00 UTC+0.0277%/8h= +30.3% APRnext payment +$0.35 per $10,000 · paid last 24h +0.083%
Price spread now: Phoenix against QFEX+0.052%7-day average +0.262% · 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−$90as in the Price arb table
costs, in and out, $10k−$690.686% of the position
Funding, last 4 days (all we have)+0.185%+$18 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.052%, 7d avg +0.262%
=Funding pays, the price is against you. Phoenix is 0.211% cheaper against QFEX than usual: you would sell low and buy high (spread +0.052% now, against its 7-day average of +0.262%). If the spread goes back, that is −$21 on $10k: about 2.5 days of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MRNA-USD | 174.33 | 0 | get 0.0000% / 1h | 42m 58s | $1.1M | $2.6M | 10x |
| Short | Phoenix MRNA | 174.42 | 0.0277 | get 0.0035% / 1h | 42m 58s | $5K | $191K | 10x |
QFEX MRNA-USD
Phoenix MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $58.1
- Price spread: +0.052% → +0.262%
- −$21.08
- Slippage, 4 orders
- −$51.61
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$31.58
- Costs to cover
- 0.686%
- Break-even
- 10.8 days
Slippage from QFEX: live order book, 9 min ago; Phoenix: 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, 9 min ago | 1.15 bp | 11.9 bp −$12 | 19.6 bp −$196 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 4 min ago | 4.01 bp | 24.2 bp −$24 | 77.0 bp −$770 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRNAUSDT | 0.0000% | 8h | 174.37 | +0.026% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 174.40 | +0.040% | $950K | $616K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 174.44 | +0.063% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USDlong | 0.0000% | 1h | 174.33 | long leg | $1.1M | $2.6M | 10x | |
| Gate MRNA_USDT | 0.0000% | 8h | 174.43 | +0.057% | $871K | $997K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.39 | +0.034% | $2.8M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 174.49 | +0.091% | $50K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 174.38 | +0.029% | $17 | $147K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 174.38 | +0.026% | $14K | $431K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 174.45 | +0.069% | $1.6M | $644K | 20x | as long as short |
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MRNAUSDT | +0.0019% | 8h | 174.46 | +0.073% | $2.2M | $11.3M | 20x | as long as short |
| BloFin MRNA-USDT | +0.0020% | 8h | 174.58 | +0.143% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −9.012% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 174.18 | −0.086% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 174.29 | −0.023% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 174.31 | −0.011% | $2.7M | $4.5M | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 174.25 | −0.046% | $43K | $35K | 5x | as long as short |
| Phoenix MRNAshort | +0.0277% | 1h | 174.42 | +0.052% | $5K | $191K | 10x | |
| edgeX MRNAUSDC | +0.0407% | 4h | 174.43 | +0.055% | $3K | $247K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0558% | 1h | 174.38 | +0.029% | $40K | $56K | 10x | as long as short |
| Lighter MRNA | +0.0600% | 1h | 174.50 | +0.098% | $158K | $1.1M | 10x | as long as short |
Binance MRNAUSDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
edgeX MRNAUSDC
SoDEX MRNA-USD
Lighter MRNA