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 −0.012%

Price spread now: Variational Omni against Binance−0.010%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRNAUSDT	173.11	0	get 0.0000% / 8h	7h 56m	$2.2M	$11.5M	20x
Short	Variational Omni MRNA	173.09	0	get 0.0000% / 8h	7h 56m	$49K	$89K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → 0.000%: −$0.96
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.96
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; 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 Binance live order book, 13 min ago	0.87 bp	12.1 bp −$12	51.3 bp −$513	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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	−0.0771%	4h	173.03	−0.047%	$3K	$243K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	173.07	−0.021%	$29K	$81K	20x	as long as short
Binance MRNAUSDTlong	0.0000%	8h	173.11	long leg	$2.2M	$11.5M	20x
Bybit MRNAUSDT	0.0000%	8h	173.05	−0.034%	$939K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.08	−0.016%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.90	−0.120%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.03	−0.045%	$872K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.88	−0.132%	$2.6M	$10.5M	20x	as long as short
Variational Omni MRNAshort	0.0000%	8h	173.09	−0.010%	$49K	$89K	—
GRVT MRNA_USDT_Perp	0.0000%	8h	173.14	+0.020%	$47	$164K	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	172.95	−0.093%	$12K	$429K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	173.08	−0.016%	$1.6M	$651K	20x	as long as short
BloFin MRNA-USDT	+0.0028%	8h	173.08	−0.016%	$44K	$29K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.369%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.95	−0.091%	$2K	$65K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.79	−0.184%	$43K	$40K	5x	as long as short
Phoenix MRNA	+0.0232%	1h	173.05	−0.034%	$5K	$191K	10x	as long as short
SoDEX MRNA-USD	+0.0302%	1h	173.06	−0.028%	$40K	$66K	10x	as long as short
Extended MRNA-USD	+0.0440%	1h	172.91	−0.114%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0544%	1h	172.96	−0.086%	$2.6M	$4.3M	10x	as long as short
Lighter MRNA	+0.0560%	1h	173.05	−0.034%	$123K	$1.0M	10x	as long as short