Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0523%/8h= −57.2% APRpaid last 24h −0.065%

Price spread now: Aster against SoDEX−0.250%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Aster

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Aster is 0.250% cheaper against SoDEX than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MRNA-USD	172.10	0.0523	pay 0.0065% / 1h	54m 51s	$40K	$55K	10x
Short	Aster MRNAUSDT	171.67	0	get 0.0000% / 8h	5h 54m	$26K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now −0.250%Rate

Funding earned: −$109.76
Price spread: −0.250% → 0.000%: −$25.05
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$150.81
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Aster: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

SoDEX and Aster: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRNA-USDT	−0.0019%	8h	172.11	+0.006%	$45K	$30K	20x	as long as short
Aster MRNAUSDTshort	0.0000%	8h	171.67	−0.250%	$26K	$81K	20x
Binance MRNAUSDT	0.0000%	8h	172.18	+0.046%	$2.1M	$11.8M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.15	+0.029%	$931K	$620K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.08	−0.012%	$1.2M	$5.5M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	171.75	−0.203%	$1.1M	$2.3M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.04	−0.035%	$889K	$997K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	171.97	−0.076%	$2.7M	$11.1M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	171.98	−0.072%	$59K	$91K	—	as long as short
HTX MRNA-USDT	0.0000%	8h	172.21	+0.064%	$13K	$433K	20x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MRNAUSDT	0.0000%	8h	172.17	+0.041%	$1.5M	$676K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.833%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	171.07	−0.598%	$2K	$65K	10x	as long as short
Phoenix MRNA	+0.0188%	1h	172.46	+0.209%	$5K	$205K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0227%	1h	172.28	+0.105%	$42K	$40K	5x	as long as short
GRVT MRNA_USDT_Perp	+0.0283%	8h	171.96	−0.082%	$89	$128K	10x	as long as short
Extended MRNA-USD	+0.0296%	1h	171.90	−0.113%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0332%	1h	171.97	−0.076%	$2.7M	$4.6M	10x	as long as short
Lighter MRNA	+0.0408%	1h	172.14	+0.023%	$254K	$1.5M	10x	as long as short
SoDEX MRNA-USDlong	+0.0523%	1h	172.10	long leg	$40K	$55K	10x
edgeX MRNAUSDC	+0.0666%	4h	171.96	−0.084%	$3K	$255K	10x	as long as short