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 +0.026%

Price spread now: Bitget against OKX+0.017%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days+0.056%+$6 · spread now +0.017%, 7d avg +0.043%

Together, before fees+0.124%+$12 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 0.025% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRNA-USDT-SWAP	172.52	0	get 0.0000% / 8h	1h 27m	$1.4M	$4.9M	20x
Short	Bitget MRNAUSDT	172.55	0	get 0.0000% / 8h	1h 27m	$2.6M	$10.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → +0.043%: −$2.51
Slippage, 4 orders: −$44.71
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$69.23
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from OKX: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 1 min ago	4.92 bp	14.9 bp −$15	157.2 bp −$1,572	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.90 bp	10.6 bp −$11	15.7 bp −$157	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	−0.0885%	4h	172.72	+0.118%	$3K	$242K	10x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.62	+0.058%	$1.1M	$2.6M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.73	+0.125%	$29K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.68	+0.091%	$2.2M	$11.3M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.59	+0.041%	$933K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAPlong	0.0000%	8h	172.52	long leg	$1.4M	$4.9M	20x
Gate MRNA_USDT	0.0000%	8h	172.56	+0.023%	$879K	$1.1M	20x	as long as short
Bitget MRNAUSDTshort	0.0000%	8h	172.55	+0.017%	$2.6M	$10.4M	20x
Variational Omni MRNA	0.0000%	8h	172.77	+0.147%	$49K	$98K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.73	+0.122%	$421	$169K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDT	0.0000%	8h	172.73	+0.121%	$12K	$430K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.60	+0.046%	$1.6M	$642K	20x	as long as short
BloFin MRNA-USDT	+0.0019%	8h	172.71	+0.110%	$44K	$29K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.057%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.47	−0.029%	$2K	$65K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.55	+0.017%	$2.6M	$4.2M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.73	+0.122%	$43K	$39K	5x	as long as short
Extended MRNA-USD	+0.0056%	1h	172.54	+0.013%	$32K	$32K	10x	as long as short
Lighter MRNA	+0.0208%	1h	172.71	+0.110%	$124K	$1.0M	10x	as long as short
SoDEX MRNA-USD	+0.0260%	1h	172.57	+0.029%	$40K	$75K	10x	as long as short
Phoenix MRNA	+0.0324%	1h	172.59	+0.041%	$5K	$192K	10x	as long as short