Funding you earn now, next payment 11:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.11 per $10,000 · paid last 24h −0.055%
Price spread now: Injective against SoDEX−7.326%62s7-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 −$3 a day on $10k at the current rate, and Injective is 7.326% cheaper against SoDEX than usual: you would sell low and buy high (−$733 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MRNA-USD | 171.16 | 0.0118 | pay 0.0015% / 1h | 44m 18s | $40K | $55K | 10x |
| Short | Injective MRNA/USDC PERP | 158.62 | 0.0033 | get 0.0004% / 1h | 44m 18s | $18K | $8K | 12x |
SoDEX MRNA-USD
Injective MRNA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against SoDEX. 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
- −$17.7
- Price spread: −7.326% → 0.000%
- −$732.65
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$758.36
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
SoDEX and 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0545% | 4h | 171.23 | +0.043% | $3K | $257K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0015% | 8h | 171.19 | +0.018% | $45K | $30K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 171.06 | −0.058% | $26K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 171.19 | +0.016% | $2.1M | $11.9M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 171.21 | +0.029% | $925K | $621K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 171.26 | +0.058% | $1.2M | $5.5M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 171.02 | −0.082% | $1.1M | $2.3M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 171.15 | −0.006% | $885K | $998K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.09 | −0.041% | $2.6M | $11.1M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 171.15 | −0.008% | $59K | $91K | — | as long as short |
edgeX MRNAUSDC
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNAShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 171.07 | −0.053% | $13K | $434K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 171.22 | +0.035% | $1.5M | $683K | 20x | as long as short |
| Injective MRNA/USDC PERPshort | +0.0033% | 1h | 158.62 | −7.326% | $18K | $8K | 12x | |
| Arcus MRNA-USD | +0.0040% | 1h | 170.85 | −0.181% | $2K | $65K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0076% | 1h | 171.08 | −0.047% | $2.7M | $4.7M | 10x | as long as short |
| Extended MRNA-USD | +0.0088% | 1h | 171.06 | −0.061% | $31K | $32K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0096% | 1h | 170.82 | −0.199% | $42K | $39K | 5x | as long as short |
| SoDEX MRNA-USDlong | +0.0118% | 1h | 171.16 | long leg | $40K | $55K | 10x | |
| Lighter MRNA | +0.0208% | 1h | 171.20 | +0.023% | $243K | $1.5M | 10x | as long as short |
| Phoenix MRNA | +0.0278% | 1h | 171.63 | +0.275% | $5K | $205K | 10x | as long as short |
| GRVT MRNA_USDT_Perp | +0.0462% | 8h | 171.31 | +0.088% | $815 | $128K | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
Arcus MRNA-USD
tradeXYZ xyz:MRNA
Extended MRNA-USD
Ondo Perps MRNA-USD.P
Lighter MRNA
Phoenix MRNA
GRVT MRNA_USDT_Perp