MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0041%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.012%

Price spread now: QFEX against Arcus−0.006%7-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 QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MRNA-USD	172.27	0.0040	pay 0.0005% / 1h	45m 04s	$2K	$65K	10x
Short	QFEX MRNA-USD	172.26	0.0000	pay 0.0000% / 1h	45m 04s	$1.2M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$8.51
Price spread: −0.006% → 0.000%: −$0.58
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$23.59
Costs to cover: 0.145%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; QFEX: live order book, 2 min ago. 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 QFEX live order book, 2 min ago	1.16 bp	9.6 bp −$10	14.5 bp −$145	doesn't fit	doesn't fit

Arcus: 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
Lighter MRNA	−0.0736%	1h	172.28	+0.006%	$109K	$1.1M	10x	as long as short
edgeX MRNAUSDC	−0.0121%	4h	172.37	+0.060%	$3K	$246K	10x	as long as short
QFEX MRNA-USDshort	0.0000%	1h	172.26	−0.006%	$1.2M	$2.7M	10x
Aster MRNAUSDT	0.0000%	8h	172.27	−0.003%	$28K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.24	−0.017%	$934K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.27	0.000%	$1.3M	$5.2M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.26	−0.006%	$862K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.19	−0.046%	$2.6M	$10.6M	20x	as long as short
HTX MRNA-USDT	0.0000%	8h	172.41	+0.084%	$12K	$428K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.29	+0.012%	$1.6M	$648K	20x	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	−7.924%	$18K	$8K	12x	as long as short
Arcus MRNA-USDlong	+0.0040%	1h	172.27	long leg	$2K	$65K	10x
Extended MRNA-USD	+0.0048%	1h	172.10	−0.098%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.17	−0.058%	$2.6M	$4.4M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.20	−0.041%	$43K	$39K	5x	as long as short
SoDEX MRNA-USD	+0.0053%	1h	172.21	−0.035%	$40K	$66K	10x	as long as short
Variational Omni MRNA	+0.0099%	8h	172.39	+0.069%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	+0.0114%	8h	172.43	+0.091%	$400	$153K	10x	as long as short
Binance MRNAUSDT	+0.0130%	8h	172.25	−0.009%	$2.1M	$11.5M	20x	as long as short
BloFin MRNA-USDT	+0.0133%	8h	172.49	+0.128%	$45K	$29K	20x	as long as short
Phoenix MRNA	+0.0279%	1h	172.32	+0.029%	$5K	$193K	10x	as long as short