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 +0.017%

Price spread now: Gate against HTX−0.017%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs−$255as in the Price arb table

costs, in and out, $10k−$2592.591% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.184%−$18 · spread now −0.017%, 7d avg −0.062%

Together, before fees−0.087%−$9 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: Gate is 0.044% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRNA-USDT	173.80	0	get 0.0000% / 8h	5h 35m	$12K	$430K	20x
Short	Gate MRNA_USDT	173.77	0	get 0.0000% / 8h	5h 35m	$866K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.062%: $4.44
Slippage, 4 orders: −$232.09
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$254.65
Costs to cover: 2.591%
Break-even: never at this rate

Slippage from HTX: live order book, 28 min ago; Gate: live order book, 2 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, 28 min ago	27.52 bp	134.7 bp −$135	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	16.40 bp	40.2 bp −$40	1631.8 bp −$16.3K	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
Aster MRNAUSDT	0.0000%	8h	173.90	+0.059%	$28K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.86	+0.035%	$944K	$662K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.92	+0.069%	$1.3M	$5.3M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.69	−0.063%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDTshort	0.0000%	8h	173.77	−0.017%	$866K	$1.0M	20x
Bitget MRNAUSDT	0.0000%	8h	173.83	+0.017%	$2.7M	$10.6M	20x	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.81	+0.004%	$450	$147K	10x	as long as short
HTX MRNA-USDTlong	0.0000%	8h	173.80	long leg	$12K	$430K	20x
Phemex MRNAUSDT	0.0000%	8h	173.93	+0.075%	$1.6M	$641K	20x	as long as short
Variational Omni MRNA	+0.0009%	8h	173.80	+0.001%	$49K	$89K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.734%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.64	−0.092%	$2K	$64K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.55	−0.144%	$43K	$35K	5x	as long as short
BloFin MRNA-USDT	+0.0054%	8h	173.80	0.000%	$45K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0072%	8h	173.97	+0.098%	$2.1M	$11.3M	20x	as long as short
Extended MRNA-USD	+0.0080%	1h	173.77	−0.016%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0081%	1h	173.92	+0.069%	$2.6M	$4.4M	10x	as long as short
edgeX MRNAUSDC	+0.0154%	4h	173.80	0.000%	$3K	$245K	10x	as long as short
Phoenix MRNA	+0.0185%	1h	173.77	−0.017%	$5K	$189K	10x	as long as short
SoDEX MRNA-USD	+0.0444%	1h	173.83	+0.017%	$40K	$56K	10x	as long as short
Lighter MRNA	+0.1776%	1h	173.94	+0.081%	$104K	$1.1M	10x	as long as short