Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Variational Omni against Aster+0.017%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Variational Omni

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—+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MRNAUSDT	173.18	0	get 0.0000% / 8h	41m 13s	$27K	$82K	20x
Short	Variational Omni MRNA	173.21	0	get 0.0000% / 8h	41m 13s	$57K	$94K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → 0.000%: $1.65
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.35
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Variational Omni: 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 Variational Omni no order-book sample	—	—	—	—	—

Aster and Variational Omni: 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	−0.0516%	4h	173.25	+0.044%	$3K	$249K	10x	as long as short
BloFin MRNA-USDT	−0.0005%	8h	173.35	+0.100%	$45K	$29K	20x	as long as short
Aster MRNAUSDTlong	0.0000%	8h	173.18	long leg	$27K	$82K	20x
Binance MRNAUSDT	0.0000%	8h	173.28	+0.059%	$2.1M	$11.2M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.26	+0.048%	$941K	$603K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.26	+0.048%	$1.3M	$5.4M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.27	+0.053%	$865K	$966K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.29	+0.065%	$2.6M	$10.5M	20x	as long as short
Variational Omni MRNAshort	0.0000%	8h	173.21	+0.017%	$57K	$94K	—
GRVT MRNA_USDT_Perp	0.0000%	8h	173.25	+0.039%	$438	$144K	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	173.34	+0.095%	$14K	$430K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	173.27	+0.053%	$1.6M	$639K	20x	as long as short
QFEX MRNA-USD	+0.0001%	1h	173.26	+0.048%	$1.1M	$2.5M	10x	as long as short
Lighter MRNA	+0.0032%	1h	173.50	+0.186%	$156K	$1.2M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.406%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.99	−0.108%	$2K	$65K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.24	+0.036%	$43K	$35K	5x	as long as short
tradeXYZ xyz:MRNA	+0.0104%	1h	173.21	+0.019%	$2.6M	$4.4M	10x	as long as short
Extended MRNA-USD	+0.0104%	1h	173.21	+0.020%	$32K	$32K	10x	as long as short
SoDEX MRNA-USD	+0.0220%	1h	173.26	+0.048%	$40K	$55K	10x	as long as short
Phoenix MRNA	+0.0230%	1h	173.25	+0.042%	$5K	$191K	10x	as long as short