Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: Binance against OKX+0.116%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 2 days (all we have)−0.084%−$8 · spread now +0.116%, 7d avg +0.042%

Together, before fees−0.045%−$5 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: Binance is 0.074% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRNA-USDT-SWAP	172.17	0	get 0.0000% / 8h	1h 16m	$1.4M	$4.9M	20x
Short	Binance MRNAUSDT	172.37	0	get 0.0000% / 8h	1h 16m	$2.2M	$11.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.116%Rate

Funding earned: $0
Price spread: +0.116% → +0.042%: $7.39
Slippage, 4 orders: −$48.64
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$61.24
Costs to cover: 0.686%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Binance: live order book, 9 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 OKX live order book, 1 min ago	5.23 bp	22.8 bp −$23	171.4 bp −$1,714	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	2.03 bp	15.6 bp −$16	45.7 bp −$457	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
QFEX MRNA-USD	0.0000%	1h	172.20	+0.017%	$1.1M	$2.7M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.30	+0.074%	$29K	$81K	20x	as long as short
Binance MRNAUSDTshort	0.0000%	8h	172.37	+0.116%	$2.2M	$11.4M	20x
Bybit MRNAUSDT	0.0000%	8h	172.33	+0.093%	$931K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAPlong	0.0000%	8h	172.17	long leg	$1.4M	$4.9M	20x
Gate MRNA_USDT	0.0000%	8h	172.26	+0.052%	$877K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.15	−0.012%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.43	+0.150%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.45	+0.163%	$504	$168K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	172.46	+0.167%	$12K	$430K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MRNAUSDT	0.0000%	8h	172.38	+0.122%	$1.6M	$645K	20x	as long as short
BloFin MRNA-USDT	+0.0029%	8h	172.29	+0.070%	$44K	$29K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.870%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.19	+0.012%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	172.26	+0.052%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.21	+0.023%	$2.6M	$4.2M	10x	as long as short
SoDEX MRNA-USD	+0.0050%	1h	172.21	+0.023%	$40K	$66K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.43	+0.151%	$43K	$39K	5x	as long as short
Lighter MRNA	+0.0088%	1h	172.37	+0.116%	$124K	$1.0M	10x	as long as short
Phoenix MRNA	+0.0324%	1h	172.32	+0.087%	$5K	$192K	10x	as long as short
edgeX MRNAUSDC	+0.0452%	4h	172.43	+0.149%	$3K	$243K	10x	as long as short