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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0019%/8h= −2.1% APRnext payment $0.19 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Binance−0.110%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.110% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MRNAUSDT172.300get 0.0000% / 8h5h 54m$2.1M$11.8M20x
ShortBloFin MRNA-USDT172.11−0.0019pay 0.0019% / 8h5h 54m$45K$30K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
−$4.06
Price spread: −0.110% → 0.000%
−$11.01
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$37.07
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 8 min ago; BloFin: 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 8 min ago2.04 bp15.9 bp −$1647.0 bp −$470doesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MRNA-USDTshort−0.0019%8h172.11−0.110%$45K$30K20x
Aster MRNAUSDT0.0000%8h171.74−0.327%$26K$81K20xas long as short
Binance MRNAUSDTlong0.0000%8h172.30long leg$2.1M$11.8M20x
Bybit MRNAUSDT0.0000%8h172.17−0.075%$931K$620K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h172.31+0.006%$1.2M$5.5M20xas long as short
QFEX MRNA-USD0.0000%1h171.75−0.319%$1.1M$2.3M10xas long as short
Gate MRNA_USDT0.0000%8h172.04−0.151%$889K$997K20xas long as short
Bitget MRNAUSDT0.0000%8h172.05−0.145%$2.7M$11.1M20xas long as short
Variational Omni MRNA0.0000%8h171.98−0.188%$59K$91Kas long as short
HTX MRNA-USDT0.0000%8h172.21−0.052%$13K$433K20xas long as short
Show all 21 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MRNAUSDT0.0000%8h172.17−0.075%$1.5M$676K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−7.939%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h171.23−0.621%$2K$65K10xas long as short
Phoenix MRNA+0.0188%1h172.46+0.093%$5K$205K10xas long as short
Ondo Perps MRNA-USD.P+0.0210%1h171.99−0.180%$42K$40K5xas long as short
GRVT MRNA_USDT_Perp+0.0283%8h171.96−0.198%$89$128K10xas long as short
Extended MRNA-USD+0.0296%1h172.13−0.096%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0338%1h171.97−0.191%$2.7M$4.6M10xas long as short
Lighter MRNA+0.0416%1h172.21−0.052%$254K$1.5M10xas long as short
SoDEX MRNA-USD+0.0523%1h172.10−0.116%$40K$55K10xas long as short
edgeX MRNAUSDC+0.0666%4h171.96−0.200%$3K$255K10xas long as short