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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0715%/8h= +78.3% APRpaid last 24h +0.010%
Price spread now: edgeX against Bitget+0.003%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$510.514% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.431%−$43 on $10k
Price spread, last 4 days (all we have)+0.352%+$35 · spread now +0.003%, 7d avg −0.009%
Together, before fees−0.079%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.431%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.431% in total (about -22.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MRNAUSDT173.270get 0.0000% / 8h39m 32s$2.6M$10.5M20x
ShortedgeX MRNAUSDC173.280.0715get 0.0357% / 4h39m 32s$3K$249K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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
$150.15
Price spread: +0.003% → −0.009%
$1.23
Slippage, 4 orders
−$30.37
Fee Bitget: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$100.01
Costs to cover
0.514%
Break-even
2.3 days
Slippage from Bitget: live order book, 4 min ago; edgeX: live order book, 63 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago3.46 bp12.8 bp −$1353.9 bp −$539doesn't fitdoesn't fit
Sell edgeX live order book, 63 min ago2.61 bp9.6 bp −$10doesn't fitdoesn't fitdoesn't fit

MRNA on 21 venues

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-USDT−0.0005%8h173.35+0.046%$45K$29K20xas long as short
Aster MRNAUSDT0.0000%8h173.18−0.051%$27K$82K20xas long as short
Binance MRNAUSDT0.0000%8h173.18−0.052%$2.1M$11.2M20xas long as short
Bybit MRNAUSDT0.0000%8h173.13−0.081%$940K$603K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h173.20−0.040%$1.3M$5.4M20xas long as short
Gate MRNA_USDT0.0000%8h173.06−0.121%$883K$983K20xas long as short
Bitget MRNAUSDTlong0.0000%8h173.27long leg$2.6M$10.5M20x
Variational Omni MRNA0.0000%8h173.28+0.004%$57K$94Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h173.30+0.017%$404$142K10xas long as short
HTX MRNA-USDT0.0000%8h173.19−0.047%$14K$430K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MRNAUSDT0.0000%8h173.19−0.046%$1.6M$639K20xas long as short
QFEX MRNA-USD+0.0001%1h173.16−0.063%$1.1M$2.5M10xas long as short
Lighter MRNA+0.0032%1h173.47+0.115%$156K$1.2M10xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.455%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h172.98−0.167%$2K$65K10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.24−0.017%$43K$35K5xas long as short
tradeXYZ xyz:MRNA+0.0089%1h173.09−0.104%$2.6M$4.3M10xas long as short
Extended MRNA-USD+0.0096%1h173.07−0.114%$32K$32K10xas long as short
SoDEX MRNA-USD+0.0216%1h173.16−0.063%$40K$55K10xas long as short
Phoenix MRNA+0.0230%1h173.25−0.012%$5K$191K10xas long as short
edgeX MRNAUSDCshort+0.0715%4h173.28+0.003%$3K$249K10x