Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.008%

Price spread now: GRVT against Extended+0.086%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 GRVT

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 · GRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.086% dearer against Extended than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MRNA-USD	172.83	0.0048	pay 0.0006% / 1h	51m 22s	$32K	$32K	10x
Short	GRVT MRNA_USDT_Perp	172.98	0	get 0.0000% / 8h	2h 51m	$242	$148K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$10.08
Price spread: +0.086% → 0.000%: $8.55
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$15.53
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; GRVT: live order book, 56 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 GRVT live order book, 56 min ago	3.15 bp	30.5 bp −$30	doesn't fit	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
Lighter MRNA	−0.1032%	1h	173.21	+0.220%	$156K	$1.2M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.85	+0.010%	$27K	$83K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	173.04	+0.119%	$2.1M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.02	+0.110%	$940K	$620K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.87	+0.023%	$1.3M	$5.3M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.86	+0.017%	$863K	$998K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.02	+0.110%	$2.7M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.02	+0.112%	$55K	$96K	—	as long as short
GRVT MRNA_USDT_Perpshort	0.0000%	8h	172.98	+0.086%	$242	$148K	10x
HTX MRNA-USDT	0.0000%	8h	172.87	+0.025%	$13K	$430K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MRNAUSDT	0.0000%	8h	173.03	+0.115%	$1.6M	$650K	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.77	−0.035%	$1.1M	$2.6M	10x	as long as short
BloFin MRNA-USDT	+0.0010%	8h	173.07	+0.139%	$45K	$29K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.222%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.85	+0.011%	$2K	$65K	10x	as long as short
Extended MRNA-USDlong	+0.0048%	1h	172.83	long leg	$32K	$32K	10x
tradeXYZ xyz:MRNA	+0.0050%	1h	172.85	+0.011%	$2.6M	$4.5M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.79	−0.023%	$42K	$35K	5x	as long as short
Phoenix MRNA	+0.0185%	1h	172.83	0.000%	$5K	$191K	10x	as long as short
SoDEX MRNA-USD	+0.0338%	1h	172.97	+0.081%	$40K	$56K	10x	as long as short
edgeX MRNAUSDC	+0.0606%	4h	173.01	+0.106%	$3K	$247K	10x	as long as short