Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.036%
Price spread now: Bybit against tradeXYZ+0.075%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1331.333% of the position
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.075%, 7d avg +0.014%
=Together, before fees−0.318%+ Points / potential airdroptradeXYZ: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.061% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.014%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 7 days (−0.213% in total) that is about 2.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MRNA | 172.52 | 0.0050 | pay 0.0006% / 1h | 7m 14s | $2.5M | $4.5M | 10x |
| Short | Bybit MRNAUSDT | 172.65 | 0 | get 0.0000% / 8h | 2h 07m | $938K | $621K | 25x |
tradeXYZ xyz:MRNA
Bybit MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$10.5
- Price spread: +0.075% → +0.014%
- $6.12
- Slippage, 4 orders
- −$104.34
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$137.72
- Costs to cover
- 1.333%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; Bybit: live order book, 3 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, 11 min ago | 1.45 bp | 14.7 bp −$15 | 24.8 bp −$248 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 6.95 bp | 22.5 bp −$23 | 710.9 bp −$7,109 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNA | −0.1048% | 1h | 172.90 | +0.220% | $156K | $1.2M | 10x | as long as short |
| edgeX MRNAUSDC | −0.0706% | 4h | 172.60 | +0.046% | $3K | $248K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.73 | +0.120% | $26K | $83K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 172.77 | +0.142% | $2.1M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDTshort | 0.0000% | 8h | 172.65 | +0.075% | $938K | $621K | 25x | |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 172.60 | +0.046% | $1.3M | $5.4M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.64 | +0.070% | $862K | $999K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 172.68 | +0.093% | $2.6M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 172.60 | +0.049% | $56K | $96K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 172.58 | +0.035% | $2 | $148K | 10x | as long as short |
Lighter MRNA
edgeX MRNAUSDC
Aster MRNAUSDT
Binance MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 172.35 | −0.098% | $14K | $431K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.75 | +0.133% | $1.6M | $654K | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 172.42 | −0.058% | $1.1M | $2.5M | 10x | as long as short |
| BloFin MRNA-USDT | +0.0024% | 8h | 172.66 | +0.081% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.057% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 172.47 | −0.029% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 172.48 | −0.024% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0050% | 1h | 172.52 | long leg | $2.5M | $4.5M | 10x | |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 172.33 | −0.110% | $43K | $35K | 5x | as long as short |
| Phoenix MRNA | +0.0185% | 1h | 172.64 | +0.070% | $5K | $191K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0225% | 1h | 172.66 | +0.081% | $40K | $56K | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
QFEX MRNA-USD
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
SoDEX MRNA-USD