MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0182%/8h= +20.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.043%

Price spread now: Phoenix against Extended−0.037%48s7-day average — · you buy dearer than you sell

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

Long on Extended Short on Phoenix

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

Funding pays, the price is against you. Phoenix is 0.037% cheaper against Extended than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$5 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MRNA-USD	173.45	0.0048	pay 0.0006% / 1h	24m 31s	$32K	$32K	10x
Short	Phoenix MRNA	173.39	0.0230	get 0.0029% / 1h	24m 31s	$5K	$191K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.037%Rate

Funding earned: $38.28
Price spread: −0.037% → 0.000%: −$3.66
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $22.61
Costs to cover: 0.120%
Break-even: 2.9 days

Slippage unknown: Extended: no order-book sample; Phoenix: live order book, 27 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 Phoenix live order book, 27 min ago	4.03 bp	24.3 bp −$24	77.1 bp −$771	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
edgeX MRNAUSDC	−0.0225%	4h	173.54	+0.050%	$3K	$245K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	173.54	+0.050%	$28K	$82K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.60	+0.084%	$946K	$615K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.40	−0.031%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.32	−0.077%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.54	+0.050%	$868K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.49	+0.021%	$2.8M	$10.6M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.53	+0.046%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.62	+0.095%	$429	$147K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.48	+0.016%	$13K	$432K	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	173.62	+0.096%	$1.6M	$640K	20x	as long as short
BloFin MRNA-USDT	+0.0019%	8h	173.51	+0.033%	$45K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0020%	8h	173.62	+0.098%	$2.2M	$11.2M	20x	as long as short
Lighter MRNA	+0.0032%	1h	173.65	+0.113%	$157K	$1.1M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.552%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.42	−0.019%	$2K	$63K	10x	as long as short
Extended MRNA-USDlong	+0.0048%	1h	173.45	long leg	$32K	$32K	10x
tradeXYZ xyz:MRNA	+0.0050%	1h	173.47	+0.010%	$2.7M	$4.4M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.33	−0.071%	$43K	$35K	5x	as long as short
Phoenix MRNAshort	+0.0230%	1h	173.39	−0.037%	$5K	$191K	10x
SoDEX MRNA-USD	+0.0316%	1h	173.51	+0.033%	$40K	$56K	10x	as long as short