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 0.000%

Price spread now: Bybit against HTX−0.174%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$260as in the Funding arb table

Net, price: spread back to 7d avg − costs−$273as in the Price arb table

costs, in and out, $10k−$2602.602% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.174%, 7d avg −0.051%

Together, before fees+0.057%+$6 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: Bybit is 0.124% cheaper against HTX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRNA-USDT	172.70	0	get 0.0000% / 8h	7h 09m	$12K	$428K	20x
Short	Bybit MRNAUSDT	172.40	0	get 0.0000% / 8h	7h 09m	$935K	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.051%: −$12.37
Slippage, 4 orders: −$237.18
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$272.56
Costs to cover: 2.602%
Break-even: never at this rate

Slippage from HTX: live order book, 64 min ago; Bybit: 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 HTX live order book, 64 min ago	12.62 bp	150.0 bp −$150	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	6.09 bp	24.5 bp −$24	460.9 bp −$4,609	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	−0.0702%	4h	172.52	−0.104%	$3K	$245K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.39	−0.180%	$29K	$81K	20x	as long as short
Bybit MRNAUSDTshort	0.0000%	8h	172.40	−0.174%	$935K	$1.0M	25x
OKX MRNA-USDT-SWAP	0.0000%	8h	172.23	−0.273%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.19	−0.296%	$1.1M	$2.8M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.42	−0.163%	$865K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.24	−0.267%	$2.6M	$10.6M	20x	as long as short
HTX MRNA-USDTlong	0.0000%	8h	172.70	long leg	$12K	$428K	20x
Phemex MRNAUSDT	0.0000%	8h	172.50	−0.116%	$1.6M	$650K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.153%	$18K	$8K	12x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus MRNA-USD	+0.0040%	1h	172.51	−0.111%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	172.21	−0.286%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.22	−0.279%	$2.7M	$4.4M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.80	+0.057%	$43K	$39K	5x	as long as short
Variational Omni MRNA	+0.0137%	8h	172.50	−0.118%	$49K	$89K	—	as long as short
BloFin MRNA-USDT	+0.0169%	8h	172.68	−0.012%	$44K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0190%	8h	172.39	−0.182%	$2.1M	$11.5M	20x	as long as short
Phoenix MRNA	+0.0231%	1h	172.84	+0.080%	$5K	$193K	10x	as long as short
SoDEX MRNA-USD	+0.0528%	1h	172.53	−0.099%	$40K	$66K	10x	as long as short
Lighter MRNA	+0.0648%	1h	172.62	−0.047%	$121K	$1.0M	10x	as long as short
GRVT MRNA_USDT_Perp	+0.1226%	8h	172.78	+0.046%	$219	$156K	10x	as long as short