Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0857%/8h= −93.8% APRpaid last 24h −0.040%

Price spread now: Aster against edgeX+0.008%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.336%+$34 on $10k

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$26 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.336%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.336% in total (about 17.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MRNAUSDC	172.16	0.0857	pay 0.0428% / 4h	3h 53m	$3K	$250K	10x
Short	Aster MRNAUSDT	172.18	0	get 0.0000% / 8h	7h 53m	$26K	$82K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$179.93
Price spread: +0.008% → 0.000%: $0.75
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$196.18
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 44 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 edgeX live order book, 44 min ago	2.88 bp	9.6 bp −$10	doesn't fit	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
BloFin MRNA-USDT	−0.0023%	8h	172.05	−0.065%	$45K	$29K	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	171.89	−0.158%	$1.1M	$2.6M	10x	as long as short
Aster MRNAUSDTshort	0.0000%	8h	172.18	+0.008%	$26K	$82K	20x
Binance MRNAUSDT	0.0000%	8h	172.13	−0.021%	$2.1M	$11.2M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.01	−0.088%	$933K	$598K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	171.94	−0.129%	$1.3M	$5.3M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.06	−0.059%	$877K	$977K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	171.97	−0.112%	$2.6M	$10.5M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.20	+0.023%	$57K	$90K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.22	+0.034%	$71	$141K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDT	0.0000%	8h	171.95	−0.123%	$14K	$430K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.11	−0.030%	$1.5M	$638K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.866%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	171.99	−0.100%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	171.87	−0.168%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	171.89	−0.158%	$2.5M	$4.3M	10x	as long as short
SoDEX MRNA-USD	+0.0050%	1h	172.03	−0.077%	$40K	$55K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	171.83	−0.193%	$42K	$38K	5x	as long as short
Phoenix MRNA	+0.0278%	1h	172.19	+0.016%	$5K	$191K	10x	as long as short
Lighter MRNA	+0.0312%	1h	171.84	−0.187%	$155K	$1.2M	10x	as long as short
edgeX MRNAUSDClong	+0.0857%	4h	172.16	long leg	$3K	$250K	10x