MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0041%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.012%

Price spread now: Arcus against QFEX+0.006%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRNA-USD	172.26	0.0000	get 0.0000% / 1h	44m 46s	$1.2M	$2.7M	10x
Short	Arcus MRNA-USD	172.27	0.0040	get 0.0005% / 1h	44m 46s	$2K	$65K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against QFEX. 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 QFEXbpFee ArcusbpOrdersPrice spread, now +0.006%Rate

Funding earned: $8.51
Price spread: +0.006% → 0.000%: $0.58
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$5.41
Costs to cover: 0.145%
Break-even: 11.5 days

Slippage unknown: QFEX: live order book, 3 min ago; Arcus: 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 QFEX live order book, 3 min ago	1.16 bp	6.8 bp −$7	15.4 bp −$154	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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
Lighter MRNA	−0.0720%	1h	172.35	+0.052%	$109K	$1.1M	10x	as long as short
edgeX MRNAUSDC	−0.0121%	4h	172.37	+0.066%	$3K	$246K	10x	as long as short
QFEX MRNA-USDlong	0.0000%	1h	172.26	long leg	$1.2M	$2.7M	10x
Aster MRNAUSDT	0.0000%	8h	172.27	+0.005%	$28K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.28	+0.012%	$934K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.38	+0.070%	$1.3M	$5.2M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.23	−0.017%	$862K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.19	−0.041%	$2.6M	$10.6M	20x	as long as short
HTX MRNA-USDT	0.0000%	8h	172.41	+0.090%	$12K	$428K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.29	+0.017%	$1.6M	$648K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.918%	$18K	$8K	12x	as long as short
Arcus MRNA-USDshort	+0.0040%	1h	172.27	+0.006%	$2K	$65K	10x
Extended MRNA-USD	+0.0048%	1h	172.20	−0.034%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.23	−0.017%	$2.6M	$4.4M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.20	−0.035%	$43K	$39K	5x	as long as short
SoDEX MRNA-USD	+0.0053%	1h	172.21	−0.029%	$40K	$66K	10x	as long as short
Variational Omni MRNA	+0.0099%	8h	172.39	+0.074%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	+0.0114%	8h	172.43	+0.096%	$400	$153K	10x	as long as short
Binance MRNAUSDT	+0.0127%	8h	172.35	+0.052%	$2.1M	$11.5M	20x	as long as short
BloFin MRNA-USDT	+0.0133%	8h	172.49	+0.134%	$45K	$29K	20x	as long as short
Phoenix MRNA	+0.0279%	1h	172.32	+0.035%	$5K	$193K	10x	as long as short