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

MRNA

RWAall MRNA markets
SwapBacktest
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: Bybit against OKX0.000%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1591.587% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.021%−$2 · spread now 0.000%, 7d avg +0.005%
Together, before fees−0.021%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MRNA-USDT-SWAP173.250get 0.0000% / 8h5h 59m$1.3M$5.3M20x
ShortBybit MRNAUSDT173.250get 0.0000% / 8h5h 59m$941K$666K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: 0.000% → +0.005%
−$0.55
Slippage, 4 orders
−$137.74
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$159.29
Costs to cover
1.587%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 31 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 OKX live order book, 3 min ago2.60 bp22.1 bp −$22137.4 bp −$1,374doesn't fitdoesn't fit
Sell Bybit live order book, 31 min ago4.65 bp73.0 bp −$731280.4 bp −$12.8Kdoesn't fitdoesn't fit

MRNA on 20 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
edgeX MRNAUSDC−0.0191%4h172.91−0.199%$3K$247K10xas long as short
QFEX MRNA-USD0.0000%1h172.81−0.254%$1.1M$2.7M10xas long as short
Aster MRNAUSDT0.0000%8h173.06−0.111%$28K$81K20xas long as short
Bybit MRNAUSDTshort0.0000%8h173.250.000%$941K$666K25x
OKX MRNA-USDT-SWAPlong0.0000%8h173.25long leg$1.3M$5.3M20x
Gate MRNA_USDT0.0000%8h173.01−0.139%$862K$1.0M20xas long as short
Bitget MRNAUSDT0.0000%8h173.03−0.127%$2.7M$10.6M20xas long as short
GRVT MRNA_USDT_Perp0.0000%8h172.84−0.238%$325$150K10xas long as short
HTX MRNA-USDT0.0000%8h173.15−0.061%$12K$428K20xas long as short
Phemex MRNAUSDT0.0000%8h173.20−0.029%$1.6M$648K20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MRNA+0.0033%8h172.92−0.188%$49K$89Kas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.444%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h172.77−0.277%$2K$64K10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h172.60−0.375%$43K$36K5xas long as short
Binance MRNAUSDT+0.0068%8h173.07−0.102%$2.1M$11.4M20xas long as short
Extended MRNA-USD+0.0184%1h173.06−0.111%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0269%1h173.07−0.104%$2.6M$4.4M10xas long as short
Phoenix MRNA+0.0279%1h172.84−0.237%$5K$189K10xas long as short
Lighter MRNA+0.0536%1h172.94−0.179%$104K$1.1M10xas long as short
SoDEX MRNA-USD+0.0941%1h172.99−0.150%$40K$56K10xas long as short