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 0.000%

Price spread now: HTX against OKX+0.018%54s7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2092.086% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now +0.018%, 7d avg +0.058%

Together, before fees+0.118%+$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: HTX is 0.040% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.058%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRNA-USDT-SWAP	172.79	0	get 0.0000% / 8h	38m 20s	$1.4M	$5.0M	20x
Short	HTX MRNA-USDT	172.82	0	get 0.0000% / 8h	38m 20s	$12K	$430K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.058%: −$4.04
Slippage, 4 orders: −$186.62
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$212.66
Costs to cover: 2.086%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; HTX: live order book, 40 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, 4 min ago	3.76 bp	13.6 bp −$14	130.7 bp −$1,307	doesn't fit	doesn't fit
Sell HTX live order book, 40 min ago	15.43 bp	41.6 bp −$42	doesn't fit	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
BloFin MRNA-USDT	−0.0018%	8h	172.88	+0.052%	$44K	$29K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.56	−0.131%	$29K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.72	−0.039%	$2.2M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.70	−0.052%	$933K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAPlong	0.0000%	8h	172.79	long leg	$1.4M	$5.0M	20x
QFEX MRNA-USD	0.0000%	1h	172.62	−0.098%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.61	−0.104%	$879K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.60	−0.110%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.81	+0.014%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.76	−0.019%	$624	$165K	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-USDTshort	0.0000%	8h	172.82	+0.018%	$12K	$430K	20x
Phemex MRNAUSDT	0.0000%	8h	172.74	−0.029%	$1.6M	$645K	20x	as long as short
Lighter MRNA	+0.0032%	1h	172.67	−0.069%	$124K	$1.0M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.201%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.57	−0.127%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	172.53	−0.150%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.56	−0.133%	$2.6M	$4.2M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.63	−0.093%	$43K	$39K	5x	as long as short
SoDEX MRNA-USD	+0.0142%	1h	172.66	−0.075%	$40K	$66K	10x	as long as short
Phoenix MRNA	+0.0232%	1h	172.74	−0.029%	$5K	$191K	10x	as long as short
edgeX MRNAUSDC	+0.0695%	4h	172.80	+0.007%	$3K	$243K	10x	as long as short