Funding you earn now, next payment 08:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h +0.030%
Price spread now: tradeXYZ against QFEX+0.029%7-day average +0.119% · 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−$71as in the Price arb table
costs, in and out, $10k−$620.621% of the position
Funding, last 4 days (all we have)+0.110%+$11 on $10k
+Price spread, last 7 days−0.015%−$1 · spread now +0.029%, 7d avg +0.119%
=Together, before fees+0.095%+ Points / potential airdroptradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.090% cheaper against QFEX than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.119%). If the spread goes back, that is −$9 on $10k: about 4.0 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MRNA-USD | 172.88 | 0.0001 | pay 0.0000% / 1h | 30m 55s | $1.1M | $2.5M | 10x |
| Short | tradeXYZ xyz:MRNA | 172.93 | 0.0076 | get 0.0009% / 1h | 30m 55s | $2.6M | $4.3M | 10x |
QFEX MRNA-USD
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $15.66
- Price spread: +0.029% → +0.119%
- −$9.04
- Slippage, 4 orders
- −$34.08
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$55.45
- Costs to cover
- 0.621%
- Break-even
- 31.8 days
Slippage from QFEX: live order book, 7 min ago; tradeXYZ: live order book, 7 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, 7 min ago | 1.15 bp | 17.7 bp −$18 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 2.02 bp | 15.6 bp −$16 | 25.4 bp −$254 | 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 | 173.01 | +0.077% | $26K | $82K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.06 | +0.104% | $2.1M | $11.2M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.00 | +0.069% | $939K | $601K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.08 | +0.116% | $1.3M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.08 | +0.116% | $883K | $983K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.17 | +0.168% | $2.6M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.32 | +0.255% | $57K | $94K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.28 | +0.232% | $404 | $142K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.94 | +0.036% | $13K | $431K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.08 | +0.116% | $1.6M | $638K | 20x | as long as short |
Aster MRNAUSDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX MRNA-USDlong | +0.0001% | 1h | 172.88 | long leg | $1.1M | $2.5M | 10x | |
| BloFin MRNA-USDT | +0.0027% | 8h | 173.10 | +0.127% | $45K | $29K | 20x | as long as short |
| Lighter MRNA | +0.0032% | 1h | 173.32 | +0.255% | $156K | $1.2M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.248% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.92 | +0.023% | $2K | $65K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.82 | −0.035% | $43K | $35K | 5x | as long as short |
| Extended MRNA-USD | +0.0072% | 1h | 172.92 | +0.021% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0076% | 1h | 172.93 | +0.029% | $2.6M | $4.3M | 10x | |
| SoDEX MRNA-USD | +0.0187% | 1h | 173.01 | +0.075% | $40K | $55K | 10x | as long as short |
| Phoenix MRNA | +0.0230% | 1h | 172.99 | +0.064% | $5K | $191K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0337% | 4h | 173.09 | +0.124% | $3K | $251K | 10x | as long as short |
BloFin MRNA-USDT
Lighter MRNA
Injective MRNA/USDC PERP
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
Extended MRNA-USD
SoDEX MRNA-USD
Phoenix MRNA
edgeX MRNAUSDC