Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.013%
Price spread now: Binance against tradeXYZ+0.063%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$510.514% of the position
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.063%, 7d avg +0.064%
=Together, before fees−0.212%+ Points / potential airdroptradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.064%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MRNA | 173.65 | 0.0050 | pay 0.0006% / 1h | 33m 07s | $2.6M | $4.4M | 10x |
| Short | Binance MRNAUSDT | 173.76 | 0.0022 | get 0.0022% / 8h | 4h 33m | $2.2M | $11.2M | 20x |
tradeXYZ xyz:MRNA
Binance MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$5.89
- Price spread: +0.063% → +0.064%
- −$0.08
- Slippage, 4 orders
- −$23.37
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$57.34
- Costs to cover
- 0.514%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Binance: 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 tradeXYZ live order book, 5 min ago | 0.86 bp | 14.0 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.44 bp | 15.1 bp −$15 | 45.2 bp −$452 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0957% | 4h | 173.75 | +0.060% | $3K | $246K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.77 | +0.068% | $28K | $82K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.70 | +0.029% | $946K | $615K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.56 | −0.052% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.51 | −0.081% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.71 | +0.035% | $868K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.69 | +0.023% | $2.8M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.77 | +0.072% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.82 | +0.098% | $450 | $147K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.57 | −0.045% | $13K | $433K | 20x | as long as short |
edgeX MRNAUSDC
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-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MRNAUSDT | 0.0000% | 8h | 173.76 | +0.063% | $1.6M | $640K | 20x | as long as short |
| Binance MRNAUSDTshort | +0.0022% | 8h | 173.76 | +0.063% | $2.2M | $11.2M | 20x | |
| Lighter MRNA | +0.0032% | 1h | 173.82 | +0.098% | $157K | $1.1M | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.655% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.66 | +0.006% | $2K | $63K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 173.59 | −0.032% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0050% | 1h | 173.65 | long leg | $2.6M | $4.4M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.58 | −0.040% | $43K | $35K | 5x | as long as short |
| BloFin MRNA-USDT | +0.0051% | 8h | 173.72 | +0.040% | $45K | $29K | 20x | as long as short |
| Phoenix MRNA | +0.0230% | 1h | 173.63 | −0.012% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0315% | 1h | 173.73 | +0.046% | $40K | $56K | 10x | as long as short |
Phemex MRNAUSDT
Lighter MRNA
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
BloFin MRNA-USDT
Phoenix MRNA
SoDEX MRNA-USD