Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bybit+0.050%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.050% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MRNAUSDT	172.69	0	get 0.0000% / 8h	1h 30m	$934K	$1.0M	25x
Short	Aster MRNAUSDT	172.78	0	get 0.0000% / 8h	1h 30m	$29K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → 0.000%: $4.97
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.03
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Aster: 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 Bybit live order book, 4 min ago	4.92 bp	41.5 bp −$42	605.8 bp −$6,058	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	−0.0385%	4h	172.81	+0.069%	$3K	$244K	10x	as long as short
BloFin MRNA-USDT	−0.0019%	8h	172.93	+0.139%	$44K	$29K	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.62	−0.041%	$1.1M	$2.6M	10x	as long as short
Aster MRNAUSDTshort	0.0000%	8h	172.78	+0.050%	$29K	$81K	20x
Binance MRNAUSDT	0.0000%	8h	172.73	+0.025%	$2.2M	$11.3M	20x	as long as short
Bybit MRNAUSDTlong	0.0000%	8h	172.69	long leg	$934K	$1.0M	25x
OKX MRNA-USDT-SWAP	0.0000%	8h	172.59	−0.058%	$1.4M	$4.9M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.67	−0.012%	$880K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.56	−0.075%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.00	+0.180%	$49K	$98K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRNA_USDT_Perp	0.0000%	8h	173.02	+0.191%	$16	$169K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	172.87	+0.103%	$12K	$430K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.78	+0.052%	$1.6M	$641K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.148%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.60	−0.052%	$2K	$65K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.80	+0.064%	$43K	$39K	5x	as long as short
Extended MRNA-USD	+0.0088%	1h	172.59	−0.057%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0090%	1h	172.61	−0.046%	$2.6M	$4.2M	10x	as long as short
Lighter MRNA	+0.0256%	1h	172.79	+0.058%	$124K	$1.0M	10x	as long as short
SoDEX MRNA-USD	+0.0310%	1h	172.70	+0.006%	$40K	$75K	10x	as long as short
Phoenix MRNA	+0.0324%	1h	172.76	+0.041%	$5K	$192K	10x	as long as short