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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h −0.030%
Price spread now: QFEX against BloFin−0.104%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.104% cheaper against BloFin than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MRNA-USDT172.58−0.0006get 0.0006% / 8h1h 03m$44K$29K20x
ShortQFEX MRNA-USD172.400.0000pay 0.0000% / 1h3m 57s$1.1M$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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
$1.2
Price spread: −0.104% → 0.000%
−$10.43
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$31.23
Costs to cover
0.220%
Break-even
188.8 days
Slippage unknown: BloFin: no order-book sample; QFEX: live order book, 4 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 QFEX live order book, 4 min ago1.74 bp8.5 bp −$814.4 bp −$144doesn'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
edgeX MRNAUSDC−0.0889%4h172.47−0.066%$3K$244K10xas long as short
BloFin MRNA-USDTlong−0.0006%8h172.58long leg$44K$29K20x
QFEX MRNA-USDshort0.0000%1h172.40−0.104%$1.1M$2.7M10x
Aster MRNAUSDT0.0000%8h172.36−0.129%$29K$81K20xas long as short
Binance MRNAUSDT0.0000%8h172.53−0.029%$2.2M$11.4M20xas long as short
Bybit MRNAUSDT0.0000%8h172.45−0.075%$932K$1.0M25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h172.41−0.099%$1.4M$4.9M20xas long as short
Gate MRNA_USDT0.0000%8h172.38−0.116%$878K$1.1M20xas long as short
Bitget MRNAUSDT0.0000%8h172.35−0.133%$2.6M$10.4M20xas long as short
Variational Omni MRNA0.0000%8h172.47−0.063%$49K$89Kas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT MRNA_USDT_Perp0.0000%8h172.45−0.073%$498$167K10xas long as short
HTX MRNA-USDT0.0000%8h172.50−0.044%$12K$430K20xas long as short
Phemex MRNAUSDT0.0000%8h172.50−0.046%$1.6M$646K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.089%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h172.33−0.145%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h172.35−0.133%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h172.36−0.127%$2.6M$4.2M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h172.41−0.099%$43K$39K5xas long as short
Lighter MRNA+0.0088%1h172.49−0.052%$124K$1.0M10xas long as short
SoDEX MRNA-USD+0.0142%1h172.44−0.081%$40K$66K10xas long as short
Phoenix MRNA+0.0324%1h172.45−0.075%$5K$192K10xas long as short