MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: Injective against Arcus−6.831%101s7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Injective

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—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 6.831% cheaper against Arcus than usual: you would sell low and buy high, −$683 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 101 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	Arcus MRNA-USD	170.25	0.0040	pay 0.0005% / 1h	1m 36s	$2K	$65K	10x
Short	Injective MRNA/USDC PERP	158.62	0.0033	get 0.0004% / 1h	1m 36s	$18K	$8K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −6.831%Rate

Funding earned: −$1.46
Price spread: −6.831% → 0.000%: −$683.11
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$689.09
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Arcus and Injective: 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
edgeX MRNAUSDC	−0.0438%	4h	169.92	−0.195%	$3K	$255K	10x	as long as short
QFEX MRNA-USD	0.0000%	1h	170.10	−0.088%	$1.1M	$2.5M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	170.16	−0.051%	$26K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	170.28	+0.018%	$2.1M	$11.7M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	170.28	+0.018%	$914K	$622K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	170.33	+0.047%	$1.2M	$5.4M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	170.24	−0.006%	$864K	$997K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	170.11	−0.082%	$2.6M	$11.0M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	169.79	−0.272%	$57K	$95K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	169.89	−0.209%	$566	$131K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDT	0.0000%	8h	170.00	−0.144%	$13K	$432K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	170.29	+0.023%	$1.5M	$673K	20x	as long as short
BloFin MRNA-USDT	+0.0027%	8h	170.17	−0.047%	$45K	$29K	20x	as long as short
Injective MRNA/USDC PERPshort	+0.0033%	1h	158.62	−6.831%	$18K	$8K	12x
Arcus MRNA-USDlong	+0.0040%	1h	170.25	long leg	$2K	$65K	10x
Extended MRNA-USD	+0.0048%	1h	170.17	−0.050%	$31K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	170.23	−0.012%	$2.6M	$4.5M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	169.99	−0.153%	$43K	$38K	5x	as long as short
SoDEX MRNA-USD	+0.0243%	1h	170.21	−0.023%	$39K	$55K	10x	as long as short
Phoenix MRNA	+0.0278%	1h	170.03	−0.129%	$5K	$191K	10x	as long as short
Lighter MRNA	+0.0368%	1h	170.43	+0.106%	$236K	$1.5M	10x	as long as short