Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: Aster against Arcus+0.120%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.120% dearer against Arcus than usual: you sell high and buy low (spread +0.120% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MRNA-USD	173.70	0.0040	pay 0.0005% / 1h	34m 09s	$2K	$64K	10x
Short	Aster MRNAUSDT	173.91	0	get 0.0000% / 8h	5h 34m	$28K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee AsterbpOrdersPrice spread, now +0.120%Rate

Funding earned: −$8.46
Price spread: +0.120% → 0.000%: $12.03
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.93
Costs to cover: 0.125%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; Aster: 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 Arcus no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Arcus and Aster: 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 MRNAUSDTshort	0.0000%	8h	173.91	+0.120%	$28K	$81K	20x
Bybit MRNAUSDT	0.0000%	8h	173.87	+0.098%	$944K	$662K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.99	+0.167%	$1.3M	$5.3M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.86	+0.092%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.77	+0.040%	$866K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.81	+0.063%	$2.7M	$10.6M	20x	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.81	+0.062%	$450	$147K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.77	+0.038%	$13K	$430K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	174.00	+0.173%	$1.6M	$641K	20x	as long as short
Variational Omni MRNA	+0.0009%	8h	173.80	+0.058%	$49K	$89K	—	as long as short

Show 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	−8.682%	$18K	$8K	12x	as long as short
Arcus MRNA-USDlong	+0.0040%	1h	173.70	long leg	$2K	$64K	10x
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.55	−0.086%	$43K	$35K	5x	as long as short
BloFin MRNA-USDT	+0.0054%	8h	173.80	+0.058%	$45K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0070%	8h	173.93	+0.131%	$2.1M	$11.3M	20x	as long as short
tradeXYZ xyz:MRNA	+0.0078%	1h	173.81	+0.063%	$2.6M	$4.4M	10x	as long as short
Extended MRNA-USD	+0.0080%	1h	173.79	+0.054%	$32K	$32K	10x	as long as short
edgeX MRNAUSDC	+0.0154%	4h	173.80	+0.058%	$3K	$245K	10x	as long as short
Phoenix MRNA	+0.0185%	1h	173.77	+0.040%	$5K	$189K	10x	as long as short
SoDEX MRNA-USD	+0.0451%	1h	173.90	+0.115%	$40K	$56K	10x	as long as short
Lighter MRNA	+0.1776%	1h	173.96	+0.150%	$104K	$1.1M	10x	as long as short