Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: Binance against HTX+0.065%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2312.307% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 2 days (all we have)−0.058%−$6 · spread now +0.065%, 7d avg −0.005%

Together, before fees−0.020%−$2 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 0.070% dearer against HTX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.005%.

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 28m	$12K	$430K	20x
Short	Binance MRNAUSDT	172.73	0	get 0.0000% / 8h	1h 28m	$2.2M	$11.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → −0.005%: $6.96
Slippage, 4 orders: −$208.74
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$223.78
Costs to cover: 2.307%
Break-even: never at this rate

Slippage from HTX: live order book, 55 min ago; Binance: live order book, 12 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 HTX live order book, 55 min ago	16.31 bp	169.1 bp −$169	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	2.02 bp	9.6 bp −$10	44.3 bp −$443	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
edgeX MRNAUSDC	−0.0385%	4h	172.81	+0.113%	$3K	$244K	10x	as long as short
BloFin MRNA-USDT	−0.0008%	8h	172.67	+0.032%	$44K	$29K	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.61	−0.003%	$1.1M	$2.6M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.75	+0.080%	$29K	$81K	20x	as long as short
Binance MRNAUSDTshort	0.0000%	8h	172.73	+0.065%	$2.2M	$11.3M	20x
Bybit MRNAUSDT	0.0000%	8h	172.66	+0.026%	$934K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.67	+0.032%	$1.4M	$4.9M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.64	+0.014%	$879K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.54	−0.043%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.77	+0.092%	$49K	$98K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRNA_USDT_Perp	0.0000%	8h	172.82	+0.119%	$10	$168K	10x	as long as short
HTX MRNA-USDTlong	0.0000%	8h	172.62	long leg	$12K	$430K	20x
Phemex MRNAUSDT	0.0000%	8h	172.65	+0.020%	$1.6M	$642K	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-USD	+0.0040%	1h	172.53	−0.049%	$2K	$65K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.80	+0.107%	$43K	$39K	5x	as long as short
tradeXYZ xyz:MRNA	+0.0056%	1h	172.56	−0.032%	$2.6M	$4.2M	10x	as long as short
Extended MRNA-USD	+0.0064%	1h	172.56	−0.033%	$32K	$32K	10x	as long as short
Lighter MRNA	+0.0216%	1h	172.69	+0.043%	$124K	$1.0M	10x	as long as short
SoDEX MRNA-USD	+0.0269%	1h	172.57	−0.026%	$40K	$75K	10x	as long as short
Phoenix MRNA	+0.0324%	1h	172.59	−0.014%	$5K	$192K	10x	as long as short