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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0416%/8h= −45.6% APRpaid last 24h −0.064%
Price spread now: HTX against edgeX−0.020%77s7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2012.006% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.300%+$30 on $10k
Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.020%, 7d avg +0.048%
Together, before fees+0.390%+ Points / potential airdropedgeX: Active · farm board+$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and HTX is 0.069% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.048%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.300%, so the current rate has only just turned against you. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX MRNAUSDC172.140.0416pay 0.0208% / 4h3h 01m$3K$245K10x
ShortHTX MRNA-USDT172.110get 0.0000% / 8h7h 01m$12K$428K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$87.44
Price spread: −0.020% → +0.048%
−$6.85
Slippage, 4 orders
−$179.57
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
−$294.87
Costs to cover
2.006%
Break-even
never at this rate
Slippage from edgeX: live order book, 5 min ago; HTX: live order book, 6 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 edgeX live order book, 5 min ago3.48 bp10.6 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 6 min ago16.64 bp39.1 bp −$39doesn'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
Aster MRNAUSDT0.0000%8h172.18+0.023%$29K$81K20xas long as short
Bybit MRNAUSDT0.0000%8h172.14−0.001%$934K$1.0M25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h172.12−0.013%$1.3M$5.2M20xas long as short
QFEX MRNA-USD0.0000%1h172.08−0.036%$1.2M$2.7M10xas long as short
Gate MRNA_USDT0.0000%8h172.00−0.083%$863K$1.1M20xas long as short
Bitget MRNAUSDT0.0000%8h171.99−0.088%$2.6M$10.6M20xas long as short
HTX MRNA-USDTshort0.0000%8h172.11−0.020%$12K$428K20x
Phemex MRNAUSDT0.0000%8h172.10−0.025%$1.5M$649K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−7.855%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h172.03−0.065%$2K$65K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended MRNA-USD+0.0048%1h172.04−0.061%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h172.07−0.042%$2.7M$4.4M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h171.98−0.094%$43K$39K5xas long as short
Variational Omni MRNA+0.0129%8h172.08−0.037%$49K$89Kas long as short
Binance MRNAUSDT+0.0164%8h172.16+0.009%$2.1M$11.5M20xas long as short
Lighter MRNA+0.0176%1h172.15+0.004%$111K$1.1M10xas long as short
BloFin MRNA-USDT+0.0178%8h172.06−0.048%$44K$29K20xas long as short
SoDEX MRNA-USD+0.0210%1h172.11−0.019%$40K$66K10xas long as short
Phoenix MRNA+0.0231%1h172.06−0.048%$5K$193K10xas long as short
edgeX MRNAUSDClong+0.0416%4h172.14long leg$3K$245K10x
GRVT MRNA_USDT_Perp+0.0667%8h172.13−0.008%$201$155K10xas long as short