MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%

Price spread now: Injective against QFEX−8.137%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Injective

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

Funding pays, the price is against you. Injective is 8.137% cheaper against QFEX than usual: you would sell low and buy high (spread −8.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$814 on $10k: about years of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRNA-USD	172.67	0	get 0.0000% / 1h	23m 16s	$1.1M	$2.7M	10x
Short	Injective MRNA/USDC PERP	158.62	0.0033	get 0.0004% / 1h	23m 16s	$18K	$8K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −8.137%Rate

Funding earned: $7
Price spread: −8.137% → 0.000%: −$813.69
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$816.71
Costs to cover: 0.100%
Break-even: 823.7 days

Slippage unknown: QFEX: live order book, 4 min ago; Injective: 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, 4 min ago	4.63 bp	9.6 bp −$10	15.7 bp −$157	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0808%	4h	172.70	+0.020%	$3K	$244K	10x	as long as short
BloFin MRNA-USDT	−0.0029%	8h	172.77	+0.058%	$45K	$29K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.58	−0.053%	$29K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.74	+0.041%	$2.2M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.70	+0.017%	$933K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.80	+0.075%	$1.4M	$5.0M	20x	as long as short
QFEX MRNA-USDlong	0.0000%	1h	172.67	long leg	$1.1M	$2.7M	10x
Gate MRNA_USDT	0.0000%	8h	172.66	−0.006%	$880K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.62	−0.029%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.70	+0.015%	$49K	$89K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRNA_USDT_Perp	0.0000%	8h	172.73	+0.036%	$592	$164K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	172.76	+0.055%	$12K	$429K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.74	+0.041%	$1.6M	$645K	20x	as long as short
Lighter MRNA	+0.0032%	1h	172.71	+0.023%	$124K	$1.0M	10x	as long as short
Injective MRNA/USDC PERPshort	+0.0033%	1h	158.62	−8.137%	$18K	$8K	12x
Arcus MRNA-USD	+0.0040%	1h	172.51	−0.093%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	172.57	−0.057%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.58	−0.052%	$2.6M	$4.2M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.50	−0.098%	$43K	$39K	5x	as long as short
SoDEX MRNA-USD	+0.0126%	1h	172.63	−0.023%	$40K	$66K	10x	as long as short
Phoenix MRNA	+0.0232%	1h	172.70	+0.017%	$5K	$191K	10x	as long as short