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: OKX against HTX−0.088%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$252as in the Funding arb table

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

costs, in and out, $10k−$2522.521% of the position

Long on HTX Short on OKX

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)−0.034%−$3 · spread now −0.088%, 7d avg −0.059%

Together, before fees−0.034%−$3 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: OKX is 0.029% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRNA-USDT	173.69	0	get 0.0000% / 8h	7h 31m	$12K	$428K	20x
Short	OKX MRNA-USDT-SWAP	173.54	0	get 0.0000% / 8h	7h 31m	$1.3M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → −0.059%: −$2.88
Slippage, 4 orders: −$230.15
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$255.03
Costs to cover: 2.521%
Break-even: never at this rate

Slippage from HTX: live order book, 42 min ago; OKX: 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, 42 min ago	12.62 bp	150.0 bp −$150	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.44 bp	24.0 bp −$24	116.7 bp −$1,167	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	−0.0283%	4h	174.11	+0.243%	$3K	$245K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	173.51	−0.107%	$29K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.65	−0.024%	$942K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAPshort	0.0000%	8h	173.54	−0.088%	$1.3M	$5.2M	20x
QFEX MRNA-USD	0.0000%	1h	173.72	+0.016%	$1.1M	$2.7M	10x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.55	−0.082%	$2.6M	$10.5M	20x	as long as short
HTX MRNA-USDTlong	0.0000%	8h	173.69	long leg	$12K	$428K	20x
Phemex MRNAUSDT	0.0000%	8h	173.58	−0.064%	$1.6M	$646K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.677%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.91	+0.126%	$2K	$65K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MRNA-USD	+0.0048%	1h	173.57	−0.070%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	173.57	−0.070%	$2.7M	$4.3M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.94	+0.143%	$43K	$39K	5x	as long as short
Variational Omni MRNA	+0.0099%	8h	173.60	−0.051%	$49K	$89K	—	as long as short
Gate MRNA_USDT	+0.0105%	8h	173.51	−0.105%	$871K	$1.1M	20x	as long as short
BloFin MRNA-USDT	+0.0130%	8h	173.85	+0.091%	$44K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0152%	8h	173.61	−0.047%	$2.2M	$11.4M	20x	as long as short
Phoenix MRNA	+0.0231%	1h	173.85	+0.091%	$5K	$193K	10x	as long as short
SoDEX MRNA-USD	+0.1553%	1h	173.59	−0.059%	$40K	$66K	10x	as long as short
Lighter MRNA	+0.1736%	1h	173.94	+0.143%	$123K	$1.0M	10x	as long as short
GRVT MRNA_USDT_Perp	+0.2606%	8h	174.03	+0.193%	$289	$159K	10x	as long as short