Funding you earn now, next payment 03:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.016%
Price spread now: Bitget against tradeXYZ−0.063%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$560.563% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 7 days+0.101%+$10 · spread now −0.063%, 7d avg +0.049%
=Together, before fees−0.043%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.112% cheaper against tradeXYZ than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MRNA | 173.86 | 0.0102 | pay 0.0013% / 1h | 24m 03s | $2.6M | $4.4M | 10x |
| Short | Bitget MRNAUSDT | 173.75 | 0 | get 0.0000% / 8h | 5h 24m | $2.7M | $10.6M | 20x |
tradeXYZ xyz:MRNA
Bitget MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$21.47
- Price spread: −0.063% → +0.049%
- −$11.18
- Slippage, 4 orders
- −$26.26
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$88.92
- Costs to cover
- 0.563%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Bitget: live order book, 4 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, 3 min ago | 1.44 bp | 13.0 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.61 bp | 12.8 bp −$13 | 40.7 bp −$407 | 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 | −0.0739% | 4h | 173.86 | −0.001% | $3K | $244K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.80 | −0.037% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.86 | 0.000% | $944K | $661K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.87 | +0.006% | $1.3M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.79 | −0.040% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.88 | +0.012% | $869K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDTshort | 0.0000% | 8h | 173.75 | −0.063% | $2.7M | $10.6M | 20x | |
| Variational Omni MRNA | 0.0000% | 8h | 173.83 | −0.015% | $49K | $89K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 173.92 | +0.035% | $296 | $148K | 10x | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 173.86 | +0.002% | $14K | $434K | 20x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
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 | 173.98 | +0.069% | $1.6M | $640K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.766% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.76 | −0.058% | $2K | $64K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.79 | −0.040% | $43K | $35K | 5x | as long as short |
| BloFin MRNA-USDT | +0.0056% | 8h | 173.82 | −0.023% | $45K | $29K | 20x | as long as short |
| Binance MRNAUSDT | +0.0059% | 8h | 173.98 | +0.069% | $2.1M | $11.2M | 20x | as long as short |
| Extended MRNA-USD | +0.0096% | 1h | 173.78 | −0.048% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0102% | 1h | 173.86 | long leg | $2.6M | $4.4M | 10x | |
| Phoenix MRNA | +0.0185% | 1h | 173.96 | +0.058% | $5K | $189K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0369% | 1h | 173.89 | +0.017% | $40K | $56K | 10x | as long as short |
| Lighter MRNA | +0.1592% | 1h | 173.99 | +0.075% | $104K | $1.1M | 10x | as long as short |
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
BloFin MRNA-USDT
Binance MRNAUSDT
Extended MRNA-USD
Phoenix MRNA
SoDEX MRNA-USD
Lighter MRNA