Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: Binance against GRVT−0.046%49s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$900.902% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.566%−$57 · spread now −0.046%, 7d avg −0.002%

Together, before fees−0.605%+ Points / potential airdropGRVT: Active · farm board−$60 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.044% cheaper against GRVT than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 49 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	GRVT MRNA_USDT_Perp	173.30	0	get 0.0000% / 8h	38m 46s	$404	$142K	10x
Short	Binance MRNAUSDT	173.22	0	get 0.0000% / 8h	38m 46s	$2.1M	$11.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.002%: −$4.39
Slippage, 4 orders: −$71.15
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$94.55
Costs to cover: 0.902%
Break-even: never at this rate

Slippage from GRVT: live order book, 58 min ago; Binance: live order book, 1 min ago.

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 GRVT live order book, 58 min ago	6.96 bp	31.5 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	1.73 bp	15.0 bp −$15	42.0 bp −$420	doesn't fit	doesn't fit

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	−0.0012%	8h	173.35	+0.029%	$45K	$29K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	173.14	−0.095%	$27K	$82K	20x	as long as short
Binance MRNAUSDTshort	0.0000%	8h	173.22	−0.046%	$2.1M	$11.2M	20x
Bybit MRNAUSDT	0.0000%	8h	173.18	−0.069%	$940K	$603K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.19	−0.063%	$1.3M	$5.4M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.18	−0.069%	$884K	$983K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.27	−0.017%	$2.6M	$10.5M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.28	−0.014%	$57K	$94K	—	as long as short
GRVT MRNA_USDT_Perplong	0.0000%	8h	173.30	long leg	$404	$142K	10x
HTX MRNA-USDT	0.0000%	8h	173.14	−0.092%	$14K	$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	173.23	−0.040%	$1.6M	$639K	20x	as long as short
QFEX MRNA-USD	+0.0001%	1h	173.16	−0.081%	$1.1M	$2.5M	10x	as long as short
Lighter MRNA	+0.0032%	1h	173.52	+0.127%	$156K	$1.2M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.471%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.97	−0.190%	$2K	$65K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.24	−0.035%	$43K	$35K	5x	as long as short
tradeXYZ xyz:MRNA	+0.0087%	1h	173.10	−0.115%	$2.6M	$4.3M	10x	as long as short
Extended MRNA-USD	+0.0088%	1h	173.14	−0.091%	$32K	$32K	10x	as long as short
SoDEX MRNA-USD	+0.0209%	1h	173.19	−0.063%	$40K	$55K	10x	as long as short
Phoenix MRNA	+0.0230%	1h	173.22	−0.046%	$5K	$191K	10x	as long as short
edgeX MRNAUSDC	+0.0715%	4h	173.28	−0.014%	$3K	$249K	10x	as long as short