Funding you earn now, next payment 01:00 UTC+0.0229%/8h= +25.0% APRnext payment +$0.29 per $10,000 · paid last 24h −0.009%
Price spread now: Phoenix against SoDEX−0.006%70s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 70 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 | 171.99 | 0.0050 | pay 0.0006% / 1h | 33m 52s | $40K | $66K | 10x |
| Short | Phoenix MRNA | 171.98 | 0.0279 | get 0.0035% / 1h | 33m 52s | $5K | $193K | 10x |
SoDEX MRNA-USD
Phoenix MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $48.01
- Price spread: −0.006% → 0.000%
- −$0.58
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $32.42
- Costs to cover
- 0.150%
- Break-even
- 2.3 days
Slippage unknown: SoDEX: no order-book sample; Phoenix: live order book, 28 min ago. 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 Phoenix live order book, 28 min ago | 4.07 bp | 24.2 bp −$24 | 77.1 bp −$771 | doesn't fit | doesn't fit |
SoDEX: 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 20 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 | −0.0792% | 1h | 172.08 | +0.052% | $109K | $1.1M | 10x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 171.92 | −0.041% | $1.1M | $2.7M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.04 | +0.029% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 171.96 | −0.017% | $932K | $822K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.06 | +0.041% | $1.3M | $5.2M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 171.94 | −0.029% | $860K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.94 | −0.029% | $2.6M | $10.5M | 20x | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.18 | +0.108% | $198 | $153K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 171.89 | −0.058% | $12K | $428K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.02 | +0.017% | $1.5M | $646K | 20x | as long as short |
Lighter MRNA
QFEX MRNA-USD
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
GRVT MRNA_USDT_Perp
HTX MRNA-USDT
Phemex MRNAUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | +0.0024% | 4h | 172.14 | +0.085% | $3K | $246K | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.774% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 171.95 | −0.023% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 171.87 | −0.069% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 171.88 | −0.064% | $2.6M | $4.3M | 10x | as long as short |
| SoDEX MRNA-USDlong | +0.0050% | 1h | 171.99 | long leg | $40K | $66K | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 171.99 | 0.000% | $42K | $37K | 5x | as long as short |
| Variational Omni MRNA | +0.0081% | 8h | 172.05 | +0.034% | $49K | $89K | — | as long as short |
| Binance MRNAUSDT | +0.0110% | 8h | 172.03 | +0.023% | $2.1M | $11.3M | 20x | as long as short |
| Phoenix MRNAshort | +0.0279% | 1h | 171.98 | −0.006% | $5K | $193K | 10x |
edgeX MRNAUSDC
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
Ondo Perps MRNA-USD.P
Variational Omni MRNA
Binance MRNAUSDT