Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against Binance−0.093%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$590.595% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 2 days (all we have)+0.083%+$8 · spread now −0.093%, 7d avg −0.026%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.066% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRNAUSDT	172.75	0	get 0.0000% / 8h	50m 41s	$2.2M	$11.4M	20x
Short	Bitget MRNAUSDT	172.59	0	get 0.0000% / 8h	50m 41s	$2.6M	$10.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → −0.026%: −$6.62
Slippage, 4 orders: −$37.47
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$66.09
Costs to cover: 0.595%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bitget: live order book, 3 min ago.

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 Binance live order book, 4 min ago	1.45 bp	13.5 bp −$13	56.0 bp −$560	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.77 bp	14.6 bp −$15	18.3 bp −$183	doesn't fit	doesn't fit

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	−0.0027%	8h	172.63	−0.069%	$44K	$29K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.62	−0.075%	$29K	$81K	20x	as long as short
Binance MRNAUSDTlong	0.0000%	8h	172.75	long leg	$2.2M	$11.4M	20x
Bybit MRNAUSDT	0.0000%	8h	172.70	−0.029%	$933K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.79	+0.023%	$1.4M	$4.9M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.65	−0.058%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.63	−0.069%	$879K	$1.1M	20x	as long as short
Bitget MRNAUSDTshort	0.0000%	8h	172.59	−0.093%	$2.6M	$10.5M	20x
Variational Omni MRNA	0.0000%	8h	172.69	−0.037%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.70	−0.027%	$485	$165K	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	172.57	−0.101%	$12K	$429K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.71	−0.023%	$1.6M	$646K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.179%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.56	−0.110%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	172.60	−0.088%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.63	−0.069%	$2.6M	$4.2M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.49	−0.151%	$43K	$39K	5x	as long as short
Lighter MRNA	+0.0056%	1h	172.76	+0.006%	$124K	$1.0M	10x	as long as short
Phoenix MRNA	+0.0232%	1h	172.73	−0.012%	$5K	$191K	10x	as long as short
SoDEX MRNA-USD	+0.0318%	1h	172.66	−0.052%	$40K	$66K	10x	as long as short
edgeX MRNAUSDC	+0.0837%	4h	172.75	−0.002%	$3K	$243K	10x	as long as short