Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.040%

Price spread now: OKX against Extended+0.109%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 OKX

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. OKX is 0.109% dearer against Extended than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MRNA-USD	174.16	0.0048	pay 0.0006% / 1h	47m 11s	$32K	$32K	10x
Short	OKX MRNA-USDT-SWAP	174.35	0	get 0.0000% / 8h	3h 47m	$1.3M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$10.08
Price spread: +0.109% → 0.000%: $10.89
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$14.19
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago	5.47 bp	13.1 bp −$13	87.1 bp −$871	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
Aster MRNAUSDT	0.0000%	8h	174.29	+0.073%	$28K	$82K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	174.26	+0.057%	$949K	$615K	25x	as long as short
OKX MRNA-USDT-SWAPshort	0.0000%	8h	174.35	+0.109%	$1.3M	$5.3M	20x
QFEX MRNA-USD	0.0000%	1h	174.32	+0.092%	$1.1M	$2.6M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	174.09	−0.040%	$870K	$996K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	174.38	+0.126%	$2.8M	$10.5M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.87	−0.167%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	174.19	+0.014%	$17	$147K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	174.39	+0.132%	$13K	$431K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	174.38	+0.126%	$1.6M	$643K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRNA-USDT	+0.0014%	8h	174.50	+0.195%	$45K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0021%	8h	174.43	+0.154%	$2.2M	$11.3M	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.923%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.96	−0.115%	$2K	$64K	10x	as long as short
Extended MRNA-USDlong	+0.0048%	1h	174.16	long leg	$32K	$32K	10x
tradeXYZ xyz:MRNA	+0.0050%	1h	174.25	+0.051%	$2.7M	$4.5M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.64	−0.299%	$43K	$35K	5x	as long as short
edgeX MRNAUSDC	+0.0189%	4h	174.20	+0.023%	$3K	$247K	10x	as long as short
Phoenix MRNA	+0.0277%	1h	173.93	−0.132%	$5K	$191K	10x	as long as short
Lighter MRNA	+0.0392%	1h	174.32	+0.092%	$158K	$1.1M	10x	as long as short
SoDEX MRNA-USD	+0.0621%	1h	174.42	+0.149%	$40K	$56K	10x	as long as short