Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: Arcus against HTX−0.003%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRNA-USDT	172.62	0	get 0.0000% / 8h	1h 30m	$14K	$431K	20x
Short	Arcus MRNA-USD	172.61	0.0040	get 0.0005% / 1h	30m 29s	$2K	$65K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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 HTXbpFee ArcusbpOrdersPrice spread, now −0.003%Rate

Funding earned: $8.46
Price spread: −0.003% → 0.000%: −$0.35
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$8.39
Costs to cover: 0.165%
Break-even: 13.9 days

Slippage unknown: HTX: live order book, 13 min ago; Arcus: no order-book sample. 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 HTX live order book, 13 min ago	23.13 bp	150.2 bp −$150	doesn't fit	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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	−0.0346%	4h	172.73	+0.066%	$3K	$250K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.91	+0.173%	$26K	$83K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.86	+0.142%	$2.1M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.78	+0.095%	$938K	$615K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.78	+0.095%	$1.3M	$5.4M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.76	+0.083%	$1.1M	$2.5M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.71	+0.054%	$863K	$994K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.67	+0.031%	$2.6M	$10.5M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.84	+0.130%	$56K	$94K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.72	+0.060%	$530	$147K	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-USDTlong	0.0000%	8h	172.62	long leg	$14K	$431K	20x
Phemex MRNAUSDT	0.0000%	8h	172.81	+0.112%	$1.6M	$650K	20x	as long as short
Lighter MRNA	+0.0008%	1h	172.93	+0.182%	$156K	$1.2M	10x	as long as short
BloFin MRNA-USDT	+0.0026%	8h	172.83	+0.124%	$45K	$30K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.108%	$18K	$8K	12x	as long as short
Arcus MRNA-USDshort	+0.0040%	1h	172.61	−0.003%	$2K	$65K	10x
Extended MRNA-USD	+0.0048%	1h	172.76	+0.081%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.76	+0.083%	$2.5M	$4.6M	10x	as long as short
SoDEX MRNA-USD	+0.0050%	1h	172.79	+0.101%	$40K	$56K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.71	+0.054%	$43K	$35K	5x	as long as short
Phoenix MRNA	+0.0232%	1h	172.63	+0.008%	$5K	$191K	10x	as long as short