Settings8H · net · $10k
Funding arb · Price arb /

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.1208%/8h= −132.3% APRpaid last 24h +0.102%
Price spread now: Lighter against Aster+0.167%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.333%+$33 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.167% dearer against Aster than usual: you sell high and buy low (spread +0.167% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 7 days funding on this pair paid +0.333%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.333% in total (about 17.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MRNAUSDT172.240get 0.0000% / 8h2h 13m$26K$83K20x
ShortLighter MRNA172.53−0.1208pay 0.0151% / 1h13m 32s$156K$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
−$253.68
Price spread: +0.167% → 0.000%
$16.67
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$245.01
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Lighter: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Lighter live order book, 2 min ago10.14 bp11.2 bp −$1142.2 bp −$422196.9 bp −$19.7Kdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MRNAshort−0.1208%1h172.53+0.167%$156K$1.2M10x
BloFin MRNA-USDT−0.0018%8h172.11−0.077%$45K$29K20xas long as short
Aster MRNAUSDTlong0.0000%8h172.24long leg$26K$83K20x
Binance MRNAUSDT0.0000%8h172.35+0.064%$2.1M$11.4M20xas long as short
Bybit MRNAUSDT0.0000%8h172.12−0.071%$935K$621K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h172.28+0.022%$1.3M$5.4M20xas long as short
Gate MRNA_USDT0.0000%8h172.34+0.056%$861K$999K20xas long as short
Bitget MRNAUSDT0.0000%8h172.41+0.097%$2.6M$10.5M20xas long as short
Variational Omni MRNA0.0000%8h172.33+0.049%$56K$96Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h172.20−0.023%$2$148K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MRNA-USDT0.0000%8h172.15−0.054%$13K$431K20xas long as short
Phemex MRNAUSDT0.0000%8h172.27+0.016%$1.6M$654K20xas long as short
QFEX MRNA-USD0.0000%1h172.15−0.054%$1.1M$2.5M10xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−7.909%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h172.12−0.071%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h172.20−0.024%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h172.15−0.054%$2.5M$4.5M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h172.13−0.066%$42K$35K5xas long as short
SoDEX MRNA-USD+0.0125%1h172.21−0.019%$40K$56K10xas long as short
Phoenix MRNA+0.0185%1h172.24−0.002%$5K$191K10xas long as short
edgeX MRNAUSDC+0.0794%4h172.27+0.017%$3K$249K10xas long as short