Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h −0.022%

Price spread now: Extended against edgeX−0.093%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.093% cheaper against edgeX than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 44 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MRNAUSDC	172.37	−0.0121	get 0.0060% / 4h	2h 43m	$3K	$246K	10x
Short	Extended MRNA-USD	172.21	0.0048	get 0.0006% / 1h	43m 09s	$32K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.093%Rate

Funding earned: $35.48
Price spread: −0.093% → 0.000%: −$9.27
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $12.21
Costs to cover: 0.140%
Break-even: 4.6 days

Slippage unknown: edgeX: live order book, 24 min ago; Extended: 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, 24 min ago	3.48 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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
Lighter MRNA	−0.0688%	1h	172.37	−0.002%	$109K	$1.1M	10x	as long as short
edgeX MRNAUSDClong	−0.0121%	4h	172.37	long leg	$3K	$246K	10x
QFEX MRNA-USD	0.0000%	1h	172.28	−0.054%	$1.2M	$2.7M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.29	−0.049%	$28K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.32	−0.031%	$934K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.36	−0.008%	$1.3M	$5.2M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.26	−0.066%	$862K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.37	−0.002%	$2.6M	$10.6M	20x	as long as short
HTX MRNA-USDT	0.0000%	8h	172.45	+0.044%	$12K	$428K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.35	−0.013%	$1.6M	$648K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.979%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.25	−0.071%	$2K	$65K	10x	as long as short
Extended MRNA-USDshort	+0.0048%	1h	172.21	−0.093%	$32K	$32K	10x
tradeXYZ xyz:MRNA	+0.0050%	1h	172.28	−0.054%	$2.6M	$4.4M	10x	as long as short
SoDEX MRNA-USD	+0.0050%	1h	172.31	−0.037%	$40K	$66K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.20	−0.100%	$43K	$39K	5x	as long as short
GRVT MRNA_USDT_Perp	+0.0057%	8h	172.26	−0.067%	$224	$154K	10x	as long as short
Variational Omni MRNA	+0.0099%	8h	172.39	+0.009%	$49K	$89K	—	as long as short
Binance MRNAUSDT	+0.0127%	8h	172.34	−0.019%	$2.1M	$11.5M	20x	as long as short
BloFin MRNA-USDT	+0.0133%	8h	172.49	+0.068%	$45K	$29K	20x	as long as short
Phoenix MRNA	+0.0279%	1h	172.32	−0.031%	$5K	$193K	10x	as long as short