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+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h −0.028%
Price spread now: OKX against BloFin+0.040%113s7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.040% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MRNA-USDT173.28−0.0029get 0.0029% / 8h7h 51m$44K$29K20x
ShortOKX MRNA-USDT-SWAP173.350get 0.0000% / 8h7h 51m$1.3M$5.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$6.06
Price spread: +0.040% → 0.000%
$4.04
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$11.9
Costs to cover
0.220%
Break-even
20.7 days
Slippage unknown: BloFin: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago2.31 bp14.9 bp −$15100.1 bp −$1,001doesn'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
BloFin MRNA-USDTlong−0.0029%8h173.28long leg$44K$29K20x
Aster MRNAUSDT0.0000%8h173.22−0.035%$29K$81K20xas long as short
Binance MRNAUSDT0.0000%8h173.45+0.097%$2.2M$11.4M20xas long as short
Bybit MRNAUSDT0.0000%8h173.43+0.087%$941K$1.0M25xas long as short
OKX MRNA-USDT-SWAPshort0.0000%8h173.35+0.040%$1.3M$5.2M20x
QFEX MRNA-USD0.0000%1h173.32+0.023%$1.1M$2.7M10xas long as short
Gate MRNA_USDT0.0000%8h173.24−0.023%$873K$1.1M20xas long as short
Bitget MRNAUSDT0.0000%8h173.25−0.017%$2.6M$10.4M20xas long as short
Variational Omni MRNA0.0000%8h173.43+0.085%$49K$89Kas long as short
HTX MRNA-USDT0.0000%8h173.24−0.025%$12K$429K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MRNAUSDT0.0000%8h173.39+0.063%$1.6M$648K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.460%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.15−0.075%$2K$65K10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.22−0.035%$43K$38K5xas long as short
edgeX MRNAUSDC+0.0188%4h173.28−0.001%$3K$244K10xas long as short
Phoenix MRNA+0.0231%1h173.22−0.035%$5K$193K10xas long as short
GRVT MRNA_USDT_Perp+0.0360%8h173.23−0.028%$440$163K10xas long as short
tradeXYZ xyz:MRNA+0.0423%1h173.35+0.040%$2.6M$4.2M10xas long as short
Extended MRNA-USD+0.0512%1h173.34+0.035%$32K$32K10xas long as short
SoDEX MRNA-USD+0.0606%1h173.31+0.017%$40K$66K10xas long as short
Lighter MRNA+0.0824%1h173.34+0.035%$123K$1.0M10xas long as short