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−0.0041%/8h= −4.5% APRnext payment $0.41 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BloFin−0.052%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 Bitget is 0.052% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MRNA-USDT173.890.0041pay 0.0041% / 8h4h 41m$45K$29K20x
ShortBitget MRNAUSDT173.800get 0.0000% / 8h4h 41m$2.8M$10.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
−$8.54
Price spread: −0.052% → 0.000%
−$5.18
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$37.71
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; Bitget: live order book, 2 min ago. 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 BloFin no order-book sample
Sell Bitget live order book, 2 min ago2.88 bp15.9 bp −$1641.8 bp −$418doesn't fitdoesn't fit
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 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
Aster MRNAUSDT0.0000%8h173.86−0.016%$28K$82K20xas long as short
Bybit MRNAUSDT0.0000%8h173.98+0.052%$948K$617K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h173.80−0.052%$1.3M$5.2M20xas long as short
QFEX MRNA-USD0.0000%1h173.64−0.144%$1.1M$2.7M10xas long as short
Gate MRNA_USDT0.0000%8h173.84−0.029%$869K$998K20xas long as short
Bitget MRNAUSDTshort0.0000%8h173.80−0.052%$2.8M$10.5M20x
Variational Omni MRNA0.0000%8h173.76−0.073%$49K$89Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h173.74−0.084%$490$146K10xas long as short
HTX MRNA-USDT0.0000%8h173.66−0.132%$13K$433K20xas long as short
Phemex MRNAUSDT0.0000%8h173.93+0.023%$1.6M$640K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance MRNAUSDT+0.0019%8h173.92+0.016%$2.2M$11.2M20xas long as short
Lighter MRNA+0.0032%1h174.00+0.063%$158K$1.1M10xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.781%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.69−0.115%$2K$63K10xas long as short
BloFin MRNA-USDTlong+0.0041%8h173.89long leg$45K$29K20x
Extended MRNA-USD+0.0048%1h173.76−0.072%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h173.78−0.063%$2.6M$4.4M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.50−0.224%$43K$35K5xas long as short
Phoenix MRNA+0.0230%1h173.94+0.029%$5K$191K10xas long as short
SoDEX MRNA-USD+0.0272%1h173.86−0.017%$40K$56K10xas long as short
edgeX MRNAUSDC+0.0530%4h173.85−0.024%$3K$245K10xas long as short