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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bybit+0.023%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1871.866% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)+0.067%+$7 · spread now +0.023%, 7d avg +0.042%
Together, before fees+0.067%+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MRNAUSDT172.140get 0.0000% / 8h6h 40m$933K$1.0M25x
ShortPhemex MRNAUSDT172.180get 0.0000% / 8h6h 40m$1.6M$649K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$0
Price spread: +0.023% → +0.042%
−$1.85
Slippage, 4 orders
−$163.62
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$188.47
Costs to cover
1.866%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Phemex: live order book, 2 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 Bybit live order book, 5 min ago4.64 bp44.7 bp −$45547.5 bp −$5,475doesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago4.06 bp48.2 bp −$48doesn'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
Lighter MRNA−0.0712%1h172.22+0.046%$109K$1.1M10xas long as short
QFEX MRNA-USD0.0000%1h172.140.000%$1.2M$2.7M10xas long as short
Aster MRNAUSDT0.0000%8h172.24+0.058%$28K$81K20xas long as short
Bybit MRNAUSDTlong0.0000%8h172.14long leg$933K$1.0M25x
OKX MRNA-USDT-SWAP0.0000%8h172.09−0.029%$1.3M$5.2M20xas long as short
Gate MRNA_USDT0.0000%8h172.21+0.041%$862K$1.0M20xas long as short
Bitget MRNAUSDT0.0000%8h172.06−0.046%$2.6M$10.6M20xas long as short
HTX MRNA-USDT0.0000%8h172.07−0.040%$12K$429K20xas long as short
Phemex MRNAUSDTshort0.0000%8h172.18+0.023%$1.6M$649K20x
edgeX MRNAUSDC+0.0027%4h172.34+0.117%$3K$245K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MRNA/USDC PERP+0.0033%1h158.62−7.854%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h172.17+0.017%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h172.09−0.027%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h172.07−0.041%$2.6M$4.4M10xas long as short
SoDEX MRNA-USD+0.0050%1h172.13−0.006%$40K$66K10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h172.15+0.006%$43K$39K5xas long as short
GRVT MRNA_USDT_Perp+0.0057%8h172.26+0.068%$224$154K10xas long as short
Variational Omni MRNA+0.0091%8h172.16+0.011%$49K$89Kas long as short
Binance MRNAUSDT+0.0121%8h172.16+0.012%$2.1M$11.5M20xas long as short
BloFin MRNA-USDT+0.0133%8h172.49+0.203%$45K$29K20xas long as short
Phoenix MRNA+0.0279%1h172.33+0.110%$5K$193K10xas long as short