Settings8H · net · $10k
Funding arb · Price arb /

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.091%
Price spread now: Lighter against HTX+0.205%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$2352.348% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.327%+$33 on $10k
Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.205%, 7d avg +0.018%
Together, before fees+0.104%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.186% dearer against HTX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX MRNA-USDT172.520get 0.0000% / 8h20m 03s$14K$430K20x
ShortLighter MRNA172.870.0032get 0.0004% / 1h20m 03s$155K$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$6.72
Price spread: +0.205% → +0.018%
$18.65
Slippage, 4 orders
−$222.77
Fee HTX: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$209.41
Costs to cover
2.348%
Break-even
225.1 days
Slippage from HTX: live order book, 18 min ago; Lighter: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 18 min ago26.32 bp178.6 bp −$179doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 11 min ago2.89 bp3.6 bp −$437.5 bp −$375187.1 bp −$18.7Kdoesn't fit

MRNA on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MRNAUSDC−0.0986%4h172.68+0.093%$3K$250K10xas long as short
Aster MRNAUSDT0.0000%8h172.52+0.001%$26K$82K20xas long as short
Binance MRNAUSDT0.0000%8h172.63+0.065%$2.1M$11.2M20xas long as short
Bybit MRNAUSDT0.0000%8h172.55+0.019%$937K$600K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h172.69+0.100%$1.3M$5.4M20xas long as short
Gate MRNA_USDT0.0000%8h172.67+0.089%$881K$984K20xas long as short
Bitget MRNAUSDT0.0000%8h172.63+0.066%$2.6M$10.5M20xas long as short
Variational Omni MRNA0.0000%8h172.61+0.057%$57K$92Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h172.74+0.129%$373$141K10xas long as short
HTX MRNA-USDTlong0.0000%8h172.52long leg$14K$430K20x
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MRNAUSDT0.0000%8h172.66+0.083%$1.6M$636K20xas long as short
QFEX MRNA-USD+0.0001%1h172.49−0.016%$1.1M$2.5M10xas long as short
BloFin MRNA-USDT+0.0007%8h172.66+0.083%$45K$29K20xas long as short
Lighter MRNAshort+0.0032%1h172.87+0.205%$155K$1.2M10x
Injective MRNA/USDC PERP+0.0033%1h158.62−8.055%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h172.61+0.054%$2K$65K10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h172.60+0.048%$43K$35K5xas long as short
Extended MRNA-USD+0.0088%1h172.51−0.003%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0088%1h172.53+0.008%$2.5M$4.3M10xas long as short
SoDEX MRNA-USD+0.0103%1h172.60+0.048%$40K$55K10xas long as short
Phoenix MRNA+0.0230%1h172.56+0.025%$5K$191K10xas long as short