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 Phemex−0.046%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1991.990% 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 3 days (all we have)−0.044%−$4 · spread now −0.046%, 7d avg −0.042%
Together, before fees−0.044%−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex MRNAUSDT172.480get 0.0000% / 8h6h 48m$1.6M$647K20x
ShortBybit MRNAUSDT172.400get 0.0000% / 8h6h 48m$935K$1.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Phemex. 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: −0.046% → −0.042%
−$0.47
Slippage, 4 orders
−$175.97
Fee Phemex: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$199.44
Costs to cover
1.990%
Break-even
never at this rate
Slippage from Phemex: live order book, 4 min ago; Bybit: live order book, 2 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 Phemex live order book, 4 min ago5.51 bp38.1 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago4.93 bp35.9 bp −$36526.6 bp −$5,266doesn'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
Lighter MRNA−0.0800%1h172.44−0.023%$109K$1.1M10xas long as short
QFEX MRNA-USD0.0000%1h172.34−0.081%$1.2M$2.7M10xas long as short
Aster MRNAUSDT0.0000%8h172.36−0.069%$28K$81K20xas long as short
Bybit MRNAUSDTshort0.0000%8h172.40−0.046%$935K$1.0M25x
OKX MRNA-USDT-SWAP0.0000%8h172.480.000%$1.3M$5.2M20xas long as short
Gate MRNA_USDT0.0000%8h172.35−0.075%$862K$1.0M20xas long as short
Bitget MRNAUSDT0.0000%8h172.41−0.041%$2.6M$10.6M20xas long as short
HTX MRNA-USDT0.0000%8h172.47−0.007%$12K$428K20xas long as short
Phemex MRNAUSDTlong0.0000%8h172.48long leg$1.6M$647K20x
Injective MRNA/USDC PERP+0.0033%1h158.62−8.036%$18K$8K12xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus MRNA-USD+0.0040%1h172.31−0.099%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h172.38−0.056%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h172.35−0.075%$2.6M$4.4M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h172.12−0.209%$43K$39K5xas long as short
Variational Omni MRNA+0.0105%8h172.39−0.053%$49K$89Kas long as short
BloFin MRNA-USDT+0.0133%8h172.49+0.006%$45K$29K20xas long as short
Binance MRNAUSDT+0.0134%8h172.44−0.023%$2.1M$11.4M20xas long as short
SoDEX MRNA-USD+0.0166%1h172.43−0.029%$40K$66K10xas long as short
GRVT MRNA_USDT_Perp+0.0169%8h172.27−0.123%$400$153K10xas long as short
Phoenix MRNA+0.0279%1h172.56+0.046%$5K$193K10xas long as short
edgeX MRNAUSDC+0.0308%4h172.29−0.113%$3K$245K10xas long as short