Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0441%/8h= −48.3% APRpaid last 24h −0.008%

Price spread now: BloFin against edgeX+0.041%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 BloFin

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 days—no price history on both exchanges yet

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

The price spread pays, funding is against you. BloFin is 0.041% dearer against edgeX than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MRNAUSDC	172.71	0.0467	pay 0.0234% / 4h	20m 06s	$3K	$244K	10x
Short	BloFin MRNA-USDT	172.78	0.0027	get 0.0027% / 8h	20m 06s	$44K	$29K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$92.54
Price spread: +0.041% → 0.000%: $4.1
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$109.45
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 57 min ago; BloFin: 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, 57 min ago	3.77 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MRNAUSDT	0.0000%	8h	172.57	−0.078%	$29K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.75	+0.021%	$2.2M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.70	−0.005%	$933K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.80	+0.053%	$1.4M	$5.0M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.67	−0.023%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.65	−0.034%	$879K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.61	−0.057%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.71	+0.001%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.71	0.000%	$592	$164K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	172.70	−0.005%	$12K	$429K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MRNAUSDT	0.0000%	8h	172.74	+0.018%	$1.6M	$645K	20x	as long as short
BloFin MRNA-USDTshort	+0.0027%	8h	172.78	+0.041%	$44K	$29K	20x
Lighter MRNA	+0.0032%	1h	172.72	+0.006%	$124K	$1.0M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.158%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.53	−0.104%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	172.59	−0.068%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.60	−0.063%	$2.6M	$4.2M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.49	−0.127%	$43K	$39K	5x	as long as short
SoDEX MRNA-USD	+0.0114%	1h	172.66	−0.029%	$40K	$66K	10x	as long as short
Phoenix MRNA	+0.0232%	1h	172.59	−0.069%	$5K	$191K	10x	as long as short
edgeX MRNAUSDClong	+0.0467%	4h	172.71	long leg	$3K	$244K	10x