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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0111%/8h= −12.1% APRpaid last 24h −0.134%
Price spread now: Bitget against SoDEX−0.023%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.023% cheaper against SoDEX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX MRNA-USD172.630.0111pay 0.0014% / 1h21m 16s$40K$66K10x
ShortBitget MRNAUSDT172.590get 0.0000% / 8h21m 16s$2.6M$10.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
−$23.29
Price spread: −0.023% → 0.000%
−$2.32
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$45.61
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 2 min ago. 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 SoDEX no order-book sample
Sell Bitget live order book, 2 min ago4.93 bp12.7 bp −$1315.9 bp −$159doesn't fitdoesn't fit
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MRNAUSDT0.0000%8h172.54−0.055%$29K$81K20xas long as short
Binance MRNAUSDT0.0000%8h172.70+0.043%$2.2M$11.4M20xas long as short
Bybit MRNAUSDT0.0000%8h172.70+0.041%$933K$1.0M25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h172.80+0.098%$1.4M$5.0M20xas long as short
QFEX MRNA-USD0.0000%1h172.55−0.046%$1.1M$2.7M10xas long as short
Gate MRNA_USDT0.0000%8h172.61−0.012%$879K$1.1M20xas long as short
Bitget MRNAUSDTshort0.0000%8h172.59−0.023%$2.6M$10.4M20x
Variational Omni MRNA0.0000%8h172.71+0.047%$49K$89Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h172.71+0.046%$592$164K10xas long as short
HTX MRNA-USDT0.0000%8h172.87+0.140%$12K$428K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MRNAUSDT0.0000%8h172.73+0.058%$1.6M$645K20xas long as short
BloFin MRNA-USDT+0.0027%8h172.78+0.087%$44K$29K20xas long as short
Lighter MRNA+0.0032%1h172.630.000%$124K$1.0M10xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.116%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h172.47−0.093%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h172.56−0.039%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h172.57−0.035%$2.6M$4.2M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h172.50−0.075%$43K$39K5xas long as short
SoDEX MRNA-USDlong+0.0111%1h172.63long leg$40K$66K10x
Phoenix MRNA+0.0232%1h172.59−0.023%$5K$191K10xas long as short
edgeX MRNAUSDC+0.0467%4h172.71+0.046%$3K$244K10xas long as short