Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.020%

Price spread now: Bybit against Extended+0.073%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 Bybit

What this pair did over the last

the charts below follow

Funding, last 6 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 · farm boardneeds both histories

The price spread pays, funding is against you. Bybit is 0.073% dearer against Extended than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MRNA-USD	168.93	0.0096	pay 0.0012% / 1h	9m 54s	$31K	$32K	10x
Short	Bybit MRNAUSDT	169.05	0	get 0.0000% / 8h	4h 09m	$913K	$635K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$20.16
Price spread: +0.073% → 0.000%: $7.31
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.85
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Bybit: live order book, 28 min ago. 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 Bybit live order book, 28 min ago	7.33 bp	85.5 bp −$85	790.9 bp −$7,909	doesn't fit	doesn't fit

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 exchanges

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
edgeX MRNAUSDC	−0.0014%	4h	169.01	+0.052%	$3K	$256K	10x	as long as short
BloFin MRNA-USDT	−0.0005%	8h	168.96	+0.020%	$46K	$30K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	169.26	+0.195%	$25K	$82K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	169.08	+0.091%	$2.1M	$12.0M	20x	as long as short
Bybit MRNAUSDTshort	0.0000%	8h	169.05	+0.073%	$913K	$635K	25x
OKX MRNA-USDT-SWAP	0.0000%	8h	169.03	+0.061%	$1.2M	$5.4M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	168.93	+0.002%	$1.1M	$2.3M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	169.04	+0.067%	$884K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	168.97	+0.026%	$2.6M	$10.9M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	168.98	+0.031%	$93K	$125K	—	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDT	0.0000%	8h	168.83	−0.056%	$13K	$434K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	169.00	+0.044%	$1.5M	$695K	20x	as long as short
Lighter MRNA	+0.0032%	1h	168.97	+0.026%	$197K	$1.6M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−6.101%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	169.21	+0.168%	$2K	$65K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	168.97	+0.026%	$42K	$39K	5x	as long as short
tradeXYZ xyz:MRNA	+0.0093%	1h	168.91	−0.010%	$2.6M	$4.9M	10x	as long as short
Extended MRNA-USDlong	+0.0096%	1h	168.93	long leg	$31K	$32K	10x
GRVT MRNA_USDT_Perp	+0.0097%	8h	169.07	+0.085%	$37	$131K	10x	as long as short
SoDEX MRNA-USD	+0.0122%	1h	169.00	+0.044%	$39K	$56K	10x	as long as short
Phoenix MRNA	+0.0326%	1h	169.50	+0.340%	$5K	$208K	10x	as long as short