Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against HTX+0.087%7-day average −0.040% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.235%−$24 · spread now +0.087%, 7d avg −0.040%

Together, before fees−0.218%+ Points / potential airdropVariational Omni: Active · farm board−$22 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: Variational Omni is 0.126% dearer against HTX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRNA-USDT	168.83	0	get 0.0000% / 8h	4h 10m	$13K	$434K	20x
Short	Variational Omni MRNA	168.98	0	get 0.0000% / 8h	4h 10m	$93K	$125K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → −0.040%: $12.64
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.64
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 31 min ago; Variational Omni: RFQ quote, 7 min ago. Net counts fees only.

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, 31 min ago	26.09 bp	146.0 bp −$146	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 7 min ago	3.24 bp	doesn't fit	83.8 bp −$838	doesn't fit	doesn't fit

MRNA on 21 exchanges

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	−0.0014%	4h	169.01	+0.108%	$3K	$256K	10x	as long as short
BloFin MRNA-USDT	−0.0005%	8h	168.96	+0.076%	$46K	$30K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	169.27	+0.261%	$25K	$82K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	169.10	+0.156%	$2.1M	$12.0M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	169.07	+0.141%	$913K	$635K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	169.06	+0.135%	$1.2M	$5.4M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	168.93	+0.058%	$1.1M	$2.3M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	169.05	+0.129%	$884K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	169.02	+0.111%	$2.6M	$10.9M	20x	as long as short
Variational Omni MRNAshort	0.0000%	8h	168.98	+0.087%	$93K	$125K	—

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDTlong	0.0000%	8h	168.83	long leg	$13K	$434K	20x
Phemex MRNAUSDT	0.0000%	8h	169.00	+0.100%	$1.5M	$695K	20x	as long as short
Lighter MRNA	+0.0032%	1h	168.97	+0.082%	$197K	$1.6M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−6.049%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	169.21	+0.224%	$2K	$65K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	168.97	+0.082%	$42K	$39K	5x	as long as short
tradeXYZ xyz:MRNA	+0.0094%	1h	169.02	+0.111%	$2.6M	$4.9M	10x	as long as short
Extended MRNA-USD	+0.0096%	1h	169.01	+0.104%	$31K	$32K	10x	as long as short
GRVT MRNA_USDT_Perp	+0.0097%	8h	169.07	+0.141%	$37	$131K	10x	as long as short
SoDEX MRNA-USD	+0.0122%	1h	169.00	+0.100%	$39K	$56K	10x	as long as short
Phoenix MRNA	+0.0326%	1h	169.50	+0.396%	$5K	$208K	10x	as long as short