Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.042%

Price spread now: Aster against Extended+0.051%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Aster

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 airdropExtended: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.051% dearer against Extended than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MRNA-USD	172.21	0.0048	pay 0.0006% / 1h	23m 54s	$31K	$32K	10x
Short	Aster MRNAUSDT	172.30	0	get 0.0000% / 8h	6h 23m	$28K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$10.08
Price spread: +0.051% → 0.000%: $5.11
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.97
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; 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 Extended no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Extended and 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 20 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	−0.0784%	1h	172.20	−0.008%	$103K	$1.1M	10x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.19	−0.014%	$1.1M	$2.7M	10x	as long as short
Aster MRNAUSDTshort	0.0000%	8h	172.30	+0.051%	$28K	$81K	20x
Bybit MRNAUSDT	0.0000%	8h	172.37	+0.091%	$934K	$741K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.19	−0.014%	$1.3M	$5.2M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.21	−0.002%	$862K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.24	+0.015%	$2.6M	$10.6M	20x	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.00	−0.121%	$232	$152K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	172.30	+0.048%	$12K	$428K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.40	+0.108%	$1.6M	$648K	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.893%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	171.99	−0.130%	$2K	$64K	10x	as long as short
Extended MRNA-USDlong	+0.0048%	1h	172.21	long leg	$31K	$32K	10x
tradeXYZ xyz:MRNA	+0.0050%	1h	172.23	+0.010%	$2.6M	$4.4M	10x	as long as short
SoDEX MRNA-USD	+0.0050%	1h	172.32	+0.062%	$40K	$56K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	171.76	−0.263%	$42K	$36K	5x	as long as short
Variational Omni MRNA	+0.0068%	8h	172.21	−0.004%	$49K	$89K	—	as long as short
Binance MRNAUSDT	+0.0102%	8h	172.35	+0.079%	$2.1M	$11.4M	20x	as long as short
edgeX MRNAUSDC	+0.0241%	4h	172.01	−0.119%	$3K	$245K	10x	as long as short
Phoenix MRNA	+0.0279%	1h	171.70	−0.298%	$5K	$193K	10x	as long as short