Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.036%

Price spread now: Extended against OKX−0.077%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.077% cheaper against OKX than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 5.3 days of funding at the current rate (+$1 a day).

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	2h 28m	$1.3M	$5.3M	20x
Short	Extended MRNA-USD	172.04	0.0048	get 0.0006% / 1h	28m 11s	$32K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.077%Rate

Funding earned: $10.08
Price spread: −0.077% → 0.000%: −$7.66
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.58
Costs to cover: 0.150%
Break-even: 15.7 days

Slippage unknown: OKX: live order book, 5 min ago; Extended: no order-book sample. 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 OKX live order book, 5 min ago	2.03 bp	14.1 bp −$14	112.1 bp −$1,121	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Lighter MRNA	−0.1152%	1h	172.49	+0.186%	$156K	$1.2M	10x	as long as short
edgeX MRNAUSDC	−0.0001%	4h	172.54	+0.213%	$3K	$248K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.16	−0.004%	$26K	$83K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.20	+0.017%	$2.1M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.23	+0.035%	$936K	$620K	25x	as long as short
OKX MRNA-USDT-SWAPlong	0.0000%	8h	172.17	long leg	$1.3M	$5.3M	20x
Gate MRNA_USDT	0.0000%	8h	172.38	+0.122%	$861K	$999K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.22	+0.029%	$2.6M	$10.5M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.49	+0.185%	$55K	$96K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.58	+0.238%	$599	$148K	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	172.22	+0.028%	$14K	$431K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.30	+0.076%	$1.6M	$653K	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.09	−0.046%	$1.1M	$2.5M	10x	as long as short
BloFin MRNA-USDT	+0.0026%	8h	172.54	+0.215%	$45K	$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	172.22	+0.029%	$2K	$65K	10x	as long as short
Extended MRNA-USDshort	+0.0048%	1h	172.04	−0.077%	$32K	$32K	10x
tradeXYZ xyz:MRNA	+0.0050%	1h	172.09	−0.046%	$2.5M	$4.6M	10x	as long as short
SoDEX MRNA-USD	+0.0050%	1h	172.17	0.000%	$40K	$56K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.20	+0.017%	$42K	$35K	5x	as long as short
Phoenix MRNA	+0.0185%	1h	172.25	+0.046%	$5K	$191K	10x	as long as short