Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: Arcus against Aster−0.002%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Arcus

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds 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	Aster MRNAUSDT	172.69	0	get 0.0000% / 8h	2h 23m	$29K	$80K	20x
Short	Arcus MRNA-USD	172.69	0.0040	get 0.0005% / 1h	23m 16s	$2K	$65K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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 AsterbpFee ArcusbpOrdersPrice spread, now −0.002%Rate

Funding earned: $8.46
Price spread: −0.002% → 0.000%: −$0.24
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$4.29
Costs to cover: 0.125%
Break-even: 10.5 days

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

Aster and 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
BloFin MRNA-USDT	−0.0004%	8h	172.93	+0.137%	$44K	$29K	20x	as long as short
Aster MRNAUSDTlong	0.0000%	8h	172.69	long leg	$29K	$80K	20x
Binance MRNAUSDT	0.0000%	8h	172.93	+0.137%	$2.2M	$11.2M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.92	+0.131%	$938K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.88	+0.108%	$1.4M	$4.9M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.50	−0.112%	$1.1M	$2.6M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.84	+0.084%	$881K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.80	+0.061%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.76	+0.037%	$34K	$70K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.75	+0.032%	$7	$174K	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	172.55	−0.082%	$13K	$429K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.96	+0.154%	$1.6M	$627K	20x	as long as short
Lighter MRNA	+0.0032%	1h	172.82	+0.073%	$124K	$1.0M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.150%	$18K	$8K	12x	as long as short
Arcus MRNA-USDshort	+0.0040%	1h	172.69	−0.002%	$2K	$65K	10x
Extended MRNA-USD	+0.0048%	1h	172.76	+0.036%	$47K	$16K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.77	+0.044%	$2.6M	$4.1M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.66	−0.020%	$42K	$39K	5x	as long as short
Phoenix MRNA	+0.0185%	1h	172.60	−0.055%	$5K	$192K	10x	as long as short
SoDEX MRNA-USD	+0.0198%	1h	172.88	+0.108%	$62	$55K	10x	as long as short
edgeX MRNAUSDC	+0.0593%	4h	172.76	+0.040%	$3K	$241K	10x	as long as short