Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.041%

Price spread now: Gate against Extended+0.082%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 Gate

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 · farm boardneeds both histories

The price spread pays, funding is against you. Gate is 0.082% dearer against Extended than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MRNA-USD	172.82	0.0048	pay 0.0006% / 1h	22m 10s	$32K	$32K	10x
Short	Gate MRNA_USDT	172.96	0	get 0.0000% / 8h	2h 22m	$882K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.082%Rate

Funding earned: −$10.08
Price spread: +0.082% → 0.000%: $8.25
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$21.83
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	19.10 bp	29.7 bp −$30	196.7 bp −$1,967	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 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
BloFin MRNA-USDT	−0.0004%	8h	172.93	+0.065%	$44K	$29K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.91	+0.055%	$29K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	173.18	+0.212%	$2.2M	$11.2M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.02	+0.117%	$938K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.06	+0.140%	$1.4M	$4.9M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.63	−0.108%	$1.1M	$2.6M	10x	as long as short
Gate MRNA_USDTshort	0.0000%	8h	172.96	+0.082%	$882K	$1.1M	20x
Bitget MRNAUSDT	0.0000%	8h	173.07	+0.146%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.76	−0.034%	$34K	$70K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.75	−0.039%	$7	$174K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDT	0.0000%	8h	172.70	−0.067%	$13K	$429K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	173.16	+0.198%	$1.6M	$629K	20x	as long as short
Lighter MRNA	+0.0032%	1h	172.86	+0.025%	$124K	$1.0M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.215%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.80	−0.010%	$2K	$65K	10x	as long as short
Extended MRNA-USDlong	+0.0048%	1h	172.82	long leg	$32K	$32K	10x
tradeXYZ xyz:MRNA	+0.0050%	1h	172.82	+0.001%	$2.6M	$4.1M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.66	−0.091%	$42K	$39K	5x	as long as short
Phoenix MRNA	+0.0185%	1h	172.60	−0.126%	$5K	$192K	10x	as long as short
SoDEX MRNA-USD	+0.0253%	1h	172.98	+0.094%	$66	$55K	10x	as long as short
edgeX MRNAUSDC	+0.0593%	4h	172.76	−0.031%	$3K	$241K	10x	as long as short