MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0182%/8h= −20.0% APRnext payment −$0.23 per $10,000 · paid last 24h −0.043%

Price spread now: Extended against Phoenix+0.106%108s7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Extended is 0.106% dearer against Phoenix than usual: you sell high and buy low (spread +0.106% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 47 hours. The two prices were read 108 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	Phoenix MRNA	173.39	0.0230	pay 0.0029% / 1h	23m 44s	$5K	$191K	10x
Short	Extended MRNA-USD	173.57	0.0048	get 0.0006% / 1h	23m 44s	$32K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phoenix. 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 PhoenixbpFee ExtendedbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$38.28
Price spread: +0.106% → 0.000%: $10.65
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$39.63
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 28 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 Phoenix live order book, 28 min ago	4.03 bp	22.0 bp −$22	91.3 bp −$913	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
edgeX MRNAUSDC	−0.0225%	4h	173.54	+0.086%	$3K	$245K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	173.52	+0.074%	$28K	$82K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.60	+0.121%	$946K	$615K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.73	+0.196%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.32	−0.040%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.68	+0.167%	$868K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.65	+0.150%	$2.8M	$10.6M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.53	+0.082%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.62	+0.131%	$429	$147K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.41	+0.014%	$14K	$432K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MRNAUSDT	0.0000%	8h	173.63	+0.138%	$1.6M	$640K	20x	as long as short
BloFin MRNA-USDT	+0.0019%	8h	173.51	+0.069%	$45K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0021%	8h	173.74	+0.202%	$2.2M	$11.2M	20x	as long as short
Lighter MRNA	+0.0032%	1h	173.72	+0.190%	$157K	$1.1M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.518%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.45	+0.035%	$2K	$63K	10x	as long as short
Extended MRNA-USDshort	+0.0048%	1h	173.57	+0.106%	$32K	$32K	10x
tradeXYZ xyz:MRNA	+0.0050%	1h	173.59	+0.115%	$2.7M	$4.4M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.33	−0.035%	$43K	$35K	5x	as long as short
Phoenix MRNAlong	+0.0230%	1h	173.39	long leg	$5K	$191K	10x
SoDEX MRNA-USD	+0.0333%	1h	173.55	+0.092%	$40K	$56K	10x	as long as short