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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: QFEX against OKX−0.023%7-day average −0.130% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$440.443% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)0.000%$0 on $10k
Price spread, last 7 days+0.028%+$3 · spread now −0.023%, 7d avg −0.130%
Together, before fees+0.028%+$3 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: QFEX is 0.107% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.130%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MRNA-USDT-SWAP173.490get 0.0000% / 8h59m 30s$1.3M$5.5M20x
ShortQFEX MRNA-USD173.450get 0.0000% / 1h59m 30s$1.1M$2.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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: −0.023% → −0.130%
$10.69
Slippage, 4 orders
−$24.25
Fee OKX: 5 bp × 2 orders
−$10
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$33.56
Costs to cover
0.443%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; QFEX: live order book, 3 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 ago3.16 bp12.4 bp −$12131.7 bp −$1,317doesn't fitdoesn't fit
Sell QFEX live order book, 3 min ago2.02 bp8.2 bp −$814.1 bp −$141doesn't fitdoesn't fit

MRNA on 21 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
BloFin MRNA-USDT−0.0008%8h173.75+0.150%$45K$30K20xas long as short
Aster MRNAUSDT0.0000%8h173.58+0.050%$27K$83K20xas long as short
Binance MRNAUSDT0.0000%8h173.59+0.057%$2.1M$11.3M20xas long as short
Bybit MRNAUSDT0.0000%8h173.63+0.081%$943K$607K25xas long as short
OKX MRNA-USDT-SWAPlong0.0000%8h173.49long leg$1.3M$5.5M20x
QFEX MRNA-USDshort0.0000%1h173.45−0.023%$1.1M$2.5M10x
Gate MRNA_USDT0.0000%8h173.55+0.035%$866K$966K20xas long as short
Bitget MRNAUSDT0.0000%8h173.42−0.040%$2.7M$10.6M20xas long as short
Variational Omni MRNA0.0000%8h173.74+0.147%$58K$96Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h173.77+0.161%$445$144K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MRNA-USDT0.0000%8h173.65+0.090%$13K$430K20xas long as short
Phemex MRNAUSDT0.0000%8h173.59+0.058%$1.6M$644K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.571%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.20−0.167%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h173.46−0.018%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h173.53+0.023%$2.6M$4.5M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.32−0.098%$43K$35K5xas long as short
Phoenix MRNA+0.0232%1h173.93+0.254%$5K$191K10xas long as short
SoDEX MRNA-USD+0.0275%1h173.55+0.035%$40K$57K10xas long as short
edgeX MRNAUSDC+0.0285%4h173.75+0.150%$3K$250K10xas long as short
Lighter MRNA+0.0480%1h173.86+0.213%$156K$1.2M10xas long as short