MRNA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusMRNA-USD	193.95	+0.0038	pay 0.0005% / 1h	12m 09s	$112K	$2.2M	10x	Long Arcus5% off
SHORT	KuCoinMRNAUSDTM	194.51	0	0.0000% / 8h	12m 09s	$337K	$1.4M	20x	Short KuCoin

Price gap+0.289%

Funding gap−0.0038% /8h

The gap pays +$17 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 15 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$12−0.0038% /8h now · paid −0.118% over the last 7D

Price+$17spread +0.289% now, avg +0.123% → +0.165% if it goes back

Costs−$2122.120% of $10k · taker + slippage, in and out

Result−$207−2.07%+ Points / potential airdropArcus: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.289%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MRNA on 27 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size2.5 / 39.6 bp
At $10k entering KuCoin costs 39.6 bp, fee and slippage, 15.8× Arcus’s.
Note: Margin at max leverage$1,000 + $500
Arcus 10x, KuCoin 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$1.14Long Arcus: 24 payments, −$1.14; short KuCoin: 3 payments, $0.00.
OK: Entry gap works for you+0.289% vs +0.123%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$112K vs $337K OI
Arcus sets your exit cost. Check its book before closing.
OK: Points on a legArcus points
Volume here counts toward the points program.
Watch: KYCArcus No · KuCoin Yes
Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0056%/8h × 21 periods−$11.77

Price spread+0.289% → +0.123% (7d avg)+$16.54

Slippage, 4 orderslive order books−$195.48

Fee Arcus bp × 2 orders−$4.50

Fee KuCoin bp × 2 orders−$12.00

Net · 7 days · $10k−$207.21

Costs to cover2.120%Break-evennever at this rate

Slippage: Arcus: live order book, 3 min ago; KuCoin: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGArcus0.262.5 bp−$343.2 bp−$432doesn’t fitdoesn’t fit

SELL · SHORTKuCoin10.0239.6 bp−$40doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

MRNA news

posts that mention MRNA, from every exchangeSearch all news →

10-25 09:09	AZverse	Listing	new market mrna_usdt ($MRNA) seen by our collector
10-22 20:48	Arcus	Other	$MRNA fell 25% today and was halted intraday on its primary exchange. The MRNA perp on Arcus kept trading through the halt. Traders could open, reduce, or close positions the entire time - as there is no halt state on Arcus perps. Markets run 24/7. Read more about Arcus RWA Perps here: @arcus_xyz on X ↗
10-22 19:35	Phoenix	Other	Moderna falls after reported leak of Phase 3 melanoma vaccine data showing a 42% cut in recurrence risk, below Phase 2's 49%. $MRNA is trading at $195 on Phoenix, 24/7. @PhoenixTrade on X ↗
10-22 19:27	Bitget	Other	Stay on top of fast-moving stock markets with Bitget Stock Perps. 📈📉 Here's the latest on Moderna $MRNA today ⤵️ @bitget on X ↗
10-20 17:07	Phoenix	Other	JUST IN: Moderna $MRNA is still climbing, up nearly 7% in the last 24 hours ahead of Saturday's Phase 3 cancer vaccine data at ESMO. @PhoenixTrade on X ↗
10-19 13:46	Phoenix	Other	JUST IN: $MRNA jumps 8.45% in anticipation of their Stage 3 cancer vaccine clinical trial results releasing on October 24. @PhoenixTrade on X ↗