Funding you earn now, next payment 02:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.030%
Price spread now: Arcus against tradeXYZ+0.006%52s7-day average — · you sell dearer than you buy
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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 52 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 | tradeXYZ xyz:MRNA | 172.53 | 0.0050 | pay 0.0006% / 1h | 12m 52s | $2.6M | $4.4M | 10x |
| Short | Arcus MRNA-USD | 172.54 | 0.0040 | get 0.0005% / 1h | 12m 52s | $2K | $64K | 10x |
tradeXYZ xyz:MRNA
Arcus MRNA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against tradeXYZ. 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
- −$2.04
- Price spread: +0.006% → 0.000%
- $0.58
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$23.96
- Costs to cover
- 0.225%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 5 min ago; Arcus: 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 tradeXYZ live order book, 5 min ago | 1.45 bp | 17.7 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus no order-book sample | — | — | — | — | — |
Arcus: 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 | −0.0496% | 1h | 172.58 | +0.029% | $104K | $1.1M | 10x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.57 | +0.023% | $1.1M | $2.7M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.44 | −0.052% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.68 | +0.087% | $936K | $740K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.50 | −0.017% | $1.3M | $5.3M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.57 | +0.023% | $864K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.42 | −0.064% | $2.5M | $10.5M | 20x | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.63 | +0.059% | $392 | $151K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 172.48 | −0.027% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.58 | +0.029% | $1.6M | $651K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.062% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USDshort | +0.0040% | 1h | 172.54 | +0.006% | $2K | $64K | 10x | |
| Extended MRNA-USD | +0.0048% | 1h | 172.47 | −0.037% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0050% | 1h | 172.53 | long leg | $2.6M | $4.4M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.48 | −0.029% | $43K | $36K | 5x | as long as short |
| Variational Omni MRNA | +0.0057% | 8h | 172.57 | +0.025% | $49K | $89K | — | as long as short |
| Binance MRNAUSDT | +0.0089% | 8h | 172.58 | +0.029% | $2.1M | $11.4M | 20x | as long as short |
| SoDEX MRNA-USD | +0.0152% | 1h | 172.50 | −0.017% | $40K | $56K | 10x | as long as short |
| Phoenix MRNA | +0.0279% | 1h | 172.77 | +0.139% | $5K | $193K | 10x | as long as short |
| edgeX MRNAUSDC | +0.0406% | 4h | 172.61 | +0.046% | $3K | $247K | 10x | as long as short |
Injective MRNA/USDC PERP
Extended MRNA-USD
Ondo Perps MRNA-USD.P
Variational Omni MRNA
Binance MRNAUSDT
SoDEX MRNA-USD
Phoenix MRNA
edgeX MRNAUSDC