Settings8H · net · $10k
Funding arb · Price arb /

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0288%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h +0.020%
Price spread now: Extended against QFEX+0.032%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Extended is 0.032% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MRNA-USD171.810get 0.0000% / 1h52m 15s$1.1M$2.3M10x
ShortExtended MRNA-USD171.860.0288get 0.0036% / 1h52m 15s$32K$32K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$60.48
Price spread: +0.032% → 0.000%
$3.2
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$48.68
Costs to cover
0.150%
Break-even
1.4 days
Slippage unknown: QFEX: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 3 min ago2.04 bp14.6 bp −$1519.8 bp −$198doesn't fitdoesn'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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MRNAUSDT0.0000%8h171.44−0.215%$26K$81K20xas long as short
Binance MRNAUSDT0.0000%8h171.98+0.100%$2.1M$11.8M20xas long as short
Bybit MRNAUSDT0.0000%8h172.05+0.140%$930K$621K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h172.02+0.122%$1.2M$5.5M20xas long as short
QFEX MRNA-USDlong0.0000%1h171.81long leg$1.1M$2.3M10x
Gate MRNA_USDT0.0000%8h172.05+0.140%$890K$998K20xas long as short
Bitget MRNAUSDT0.0000%8h171.80−0.006%$2.6M$11.1M20xas long as short
Variational Omni MRNA0.0000%8h171.98+0.097%$59K$91Kas long as short
HTX MRNA-USDT0.0000%8h172.10+0.169%$13K$433K20xas long as short
Phemex MRNAUSDT0.0000%8h172.06+0.146%$1.5M$679K20xas long as short
Show all 21 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MRNA-USDT+0.0011%8h172.47+0.384%$45K$30K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−7.677%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h171.10−0.413%$2K$65K10xas long as short
Ondo Perps MRNA-USD.P+0.0225%1h172.05+0.140%$42K$40K5xas long as short
tradeXYZ xyz:MRNA+0.0272%1h171.91+0.058%$2.7M$4.7M10xas long as short
Phoenix MRNA+0.0278%1h172.46+0.378%$5K$205K10xas long as short
Extended MRNA-USDshort+0.0288%1h171.86+0.032%$32K$32K10x
GRVT MRNA_USDT_Perp+0.0340%8h172.10+0.167%$694$127K10xas long as short
Lighter MRNA+0.0424%1h172.04+0.134%$255K$1.5M10xas long as short
SoDEX MRNA-USD+0.0647%1h172.04+0.134%$40K$55K10xas long as short
edgeX MRNAUSDC+0.0666%4h171.96+0.084%$3K$255K10xas long as short