Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: Gate against Binance−0.049%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$910.910% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days+0.079%+$8 · spread now −0.049%, 7d avg −0.014%

Together, before fees+0.146%+$15 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: Gate is 0.035% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRNAUSDT	172.40	0	get 0.0000% / 8h	7h 55m	$2.1M	$11.2M	20x
Short	Gate MRNA_USDT	172.32	0	get 0.0000% / 8h	7h 55m	$879K	$977K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.014%: −$3.54
Slippage, 4 orders: −$66
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$94.54
Costs to cover: 0.910%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Gate: live order book, 41 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, 14 min ago	1.45 bp	14.3 bp −$14	49.6 bp −$496	doesn't fit	doesn't fit
Sell Gate live order book, 41 min ago	17.60 bp	36.1 bp −$36	1168.6 bp −$11.7K	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	−0.0004%	8h	172.17	−0.136%	$45K	$29K	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.24	−0.095%	$1.1M	$2.6M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.45	+0.025%	$26K	$82K	20x	as long as short
Extended MRNA-USD	0.0000%	1h	172.21	−0.112%	$32K	$32K	10x	as long as short
Binance MRNAUSDTlong	0.0000%	8h	172.40	long leg	$2.1M	$11.2M	20x
Bybit MRNAUSDT	0.0000%	8h	172.32	−0.049%	$935K	$599K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.29	−0.066%	$1.3M	$5.4M	20x	as long as short
Gate MRNA_USDTshort	0.0000%	8h	172.32	−0.049%	$879K	$977K	20x
Bitget MRNAUSDT	0.0000%	8h	172.23	−0.101%	$2.6M	$10.5M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.20	−0.118%	$57K	$90K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRNA_USDT_Perp	0.0000%	8h	172.42	+0.007%	$84	$142K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	172.16	−0.145%	$14K	$430K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.24	−0.095%	$1.6M	$637K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.996%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.28	−0.072%	$2K	$65K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.49	+0.050%	$2.5M	$4.3M	10x	as long as short
SoDEX MRNA-USD	+0.0050%	1h	171.99	−0.241%	$40K	$55K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	171.83	−0.333%	$42K	$38K	5x	as long as short
Lighter MRNA	+0.0136%	1h	172.23	−0.101%	$155K	$1.2M	10x	as long as short
Phoenix MRNA	+0.0230%	1h	172.34	−0.037%	$5K	$191K	10x	as long as short
edgeX MRNAUSDC	+0.0694%	4h	172.37	−0.022%	$3K	$250K	10x	as long as short