MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.078%

Price spread now: HTX against Phoenix+0.002%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$297as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2432.430% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.538%−$54 on $10k

Price spread, last 4 days (all we have)+0.158%+$16 · spread now +0.002%, 7d avg +0.008%

Together, before fees−0.380%−$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MRNA	172.86	0.0232	pay 0.0029% / 1h	27m 14s	$5K	$191K	10x
Short	HTX MRNA-USDT	172.86	0	get 0.0000% / 8h	1h 27m	$14K	$431K	20x

Funding history

latest

Range statsloading…

HTX against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee PhoenixbpFee HTXbpOrdersPrice spread, now +0.002%Rate

Slippage from Phoenix: live order book, 9 min ago; HTX: live order book, 16 min ago.

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, 9 min ago	2.32 bp	16.2 bp −$16	63.3 bp −$633	doesn't fit	doesn't fit
Sell HTX live order book, 16 min ago	23.13 bp	59.1 bp −$59	doesn't fit	doesn't fit	doesn't fit

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
Aster MRNAUSDT	0.0000%	8h	172.92	+0.035%	$26K	$83K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.96	+0.057%	$2.1M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.90	+0.023%	$939K	$615K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.95	+0.052%	$1.3M	$5.4M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.85	−0.006%	$1.1M	$2.5M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.78	−0.046%	$863K	$994K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.86	0.000%	$2.6M	$10.5M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.84	−0.012%	$56K	$94K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.78	−0.048%	$530	$147K	10x	as long as short
HTX MRNA-USDTshort	0.0000%	8h	172.86	+0.002%	$14K	$431K	20x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MRNAUSDT	0.0000%	8h	172.96	+0.058%	$1.6M	$650K	20x	as long as short
BloFin MRNA-USDT	+0.0004%	8h	172.80	−0.035%	$45K	$29K	20x	as long as short
Lighter MRNA	+0.0032%	1h	173.08	+0.127%	$156K	$1.2M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.238%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.74	−0.069%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	172.84	−0.014%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.86	0.000%	$2.6M	$4.6M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.71	−0.087%	$43K	$35K	5x	as long as short
SoDEX MRNA-USD	+0.0078%	1h	172.87	+0.006%	$40K	$56K	10x	as long as short
Phoenix MRNAlong	+0.0232%	1h	172.86	long leg	$5K	$191K	10x
edgeX MRNAUSDC	+0.0767%	4h	172.88	+0.013%	$3K	$248K	10x	as long as short