Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against OKX+0.344%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.344% dearer against OKX than usual: you sell high and buy low, +$34 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRNA-USDT-SWAP	169.83	0	get 0.0000% / 8h	6h 59m	$1.2M	$5.4M	20x
Short	Variational Omni MRNA	170.41	0	get 0.0000% / 8h	6h 59m	$57K	$95K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.344%Rate

Funding earned: $0
Price spread: +0.344% → 0.000%: $34.36
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $24.36
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: 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, 4 min ago	5.29 bp	21.4 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
BloFin MRNA-USDT	−0.0026%	8h	170.30	+0.277%	$45K	$29K	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	170.17	+0.200%	$1.1M	$2.5M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	170.17	+0.199%	$26K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	169.95	+0.072%	$2.1M	$11.7M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	169.90	+0.041%	$917K	$622K	25x	as long as short
OKX MRNA-USDT-SWAPlong	0.0000%	8h	169.83	long leg	$1.2M	$5.4M	20x
Gate MRNA_USDT	0.0000%	8h	169.88	+0.029%	$862K	$971K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	169.77	−0.035%	$2.6M	$11.0M	20x	as long as short
Variational Omni MRNAshort	0.0000%	8h	170.41	+0.344%	$57K	$95K	—
GRVT MRNA_USDT_Perp	0.0000%	8h	170.32	+0.288%	$296	$131K	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	170.18	+0.204%	$13K	$432K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	169.86	+0.018%	$1.5M	$674K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−6.601%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	170.19	+0.212%	$2K	$65K	10x	as long as short
SoDEX MRNA-USD	+0.0050%	1h	169.93	+0.059%	$39K	$55K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	169.99	+0.094%	$43K	$38K	5x	as long as short
Extended MRNA-USD	+0.0216%	1h	170.03	+0.120%	$31K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0244%	1h	169.73	−0.059%	$2.6M	$4.5M	10x	as long as short
Phoenix MRNA	+0.0278%	1h	170.15	+0.188%	$5K	$190K	10x	as long as short
edgeX MRNAUSDC	+0.0352%	4h	170.38	+0.322%	$3K	$256K	10x	as long as short
Lighter MRNA	+0.0544%	1h	170.16	+0.194%	$237K	$1.5M	10x	as long as short