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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.064%
Price spread now: Bitget against Lighter−0.098%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$400.404% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.253%−$25 on $10k
Price spread, last 7 days+0.017%+$2 · spread now −0.098%, 7d avg −0.027%
Together, before fees−0.236%+ Points / potential airdropLighter: Season 3 · farm board−$24 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: Bitget is 0.071% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MRNA172.84−0.0008get 0.0001% / 1h32m 11s$156K$1.2M10x
ShortBitget MRNAUSDT172.670get 0.0000% / 8h1h 32m$2.6M$10.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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
$1.68
Price spread: −0.098% → −0.027%
−$7.1
Slippage, 4 orders
−$28.39
Fee Lighter: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$45.8
Costs to cover
0.404%
Break-even
197.8 days
Slippage from Lighter: live order book, 4 min ago; Bitget: live order book, 1 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 Lighter live order book, 4 min ago2.89 bp4.7 bp −$527.5 bp −$275163.8 bp −$16.4Kdoesn't fit
Sell Bitget live order book, 1 min ago4.63 bp15.2 bp −$1552.8 bp −$528doesn't fitdoesn'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
BloFin MRNA-USDT−0.0027%8h172.67−0.098%$45K$29K20xas long as short
Lighter MRNAlong−0.0008%1h172.84long leg$156K$1.2M10x
Aster MRNAUSDT0.0000%8h172.72−0.069%$26K$83K20xas long as short
Binance MRNAUSDT0.0000%8h172.75−0.054%$2.1M$11.4M20xas long as short
Bybit MRNAUSDT0.0000%8h172.68−0.093%$938K$616K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h172.59−0.145%$1.3M$5.4M20xas long as short
QFEX MRNA-USD0.0000%1h172.61−0.133%$1.1M$2.5M10xas long as short
Gate MRNA_USDT0.0000%8h172.59−0.145%$862K$994K20xas long as short
Bitget MRNAUSDTshort0.0000%8h172.67−0.098%$2.6M$10.5M20x
Variational Omni MRNA0.0000%8h172.44−0.229%$56K$94Kas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT MRNA_USDT_Perp0.0000%8h172.51−0.192%$530$147K10xas long as short
HTX MRNA-USDT0.0000%8h172.82−0.012%$14K$431K20xas long as short
Phemex MRNAUSDT0.0000%8h172.76−0.046%$1.6M$651K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.227%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h172.50−0.197%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h172.59−0.147%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h172.63−0.121%$2.5M$4.6M10xas long as short
SoDEX MRNA-USD+0.0050%1h172.67−0.098%$40K$56K10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h172.47−0.214%$43K$35K5xas long as short
Phoenix MRNA+0.0232%1h172.63−0.121%$5K$191K10xas long as short
edgeX MRNAUSDC+0.0909%4h172.45−0.228%$3K$249K10xas long as short