Funding you earn now, next payment 03:00 UTC−0.0199%/8h= −21.8% APRnext payment −$0.25 per $10,000 · paid last 24h −0.053%
Price spread now: tradeXYZ against SoDEX−0.086%7-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
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and tradeXYZ is 0.086% cheaper against SoDEX than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MRNA-USD | 173.74 | 0.0286 | pay 0.0036% / 1h | 0m 17s | $40K | $56K | 10x |
| Short | tradeXYZ xyz:MRNA | 173.59 | 0.0086 | get 0.0011% / 1h | 0m 17s | $2.6M | $4.4M | 10x |
SoDEX MRNA-USD
tradeXYZ xyz:MRNAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$41.87
- Price spread: −0.086% → 0.000%
- −$8.63
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$76.5
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago | 1.15 bp | 12.6 bp −$13 | doesn't fit | 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 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 | 173.68 | −0.036% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.78 | +0.023% | $944K | $658K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.73 | −0.006% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.63 | −0.063% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.58 | −0.092% | $868K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.65 | −0.052% | $2.7M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.87 | +0.075% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.94 | +0.115% | $591 | $148K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.69 | −0.027% | $13K | $433K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.75 | +0.006% | $1.6M | $642K | 20x | as long as short |
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.703% | $18K | $8K | 12x | as long as short |
| Binance MRNAUSDT | +0.0039% | 8h | 173.75 | +0.006% | $2.2M | $11.3M | 20x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.73 | −0.006% | $2K | $63K | 10x | as long as short |
| BloFin MRNA-USDT | +0.0043% | 8h | 174.00 | +0.150% | $45K | $29K | 20x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.60 | −0.081% | $43K | $35K | 5x | as long as short |
| tradeXYZ xyz:MRNAshort | +0.0086% | 1h | 173.59 | −0.086% | $2.6M | $4.4M | 10x | |
| Extended MRNA-USD | +0.0088% | 1h | 173.57 | −0.095% | $32K | $32K | 10x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 173.87 | +0.075% | $5K | $189K | 10x | as long as short |
| SoDEX MRNA-USDlong | +0.0286% | 1h | 173.74 | long leg | $40K | $56K | 10x | |
| edgeX MRNAUSDC | +0.0597% | 4h | 173.96 | +0.128% | $3K | $245K | 10x | as long as short |
| Lighter MRNA | +0.1184% | 1h | 173.86 | +0.069% | $104K | $1.1M | 10x | as long as short |
Injective MRNA/USDC PERP
Binance MRNAUSDT
Arcus MRNA-USD
BloFin MRNA-USDT
Ondo Perps MRNA-USD.P
Extended MRNA-USD
Phoenix MRNA
edgeX MRNAUSDC
Lighter MRNA