Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0383%/8h= −42.0% APRpaid last 24h −0.078%

Price spread now: Gate against SoDEX+0.012%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Gate

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: −$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MRNA-USD	173.63	0.0383	pay 0.0048% / 1h	17m 20s	$40K	$56K	10x
Short	Gate MRNA_USDT	173.65	0	get 0.0000% / 8h	4h 17m	$868K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.012%Rate

Funding earned: −$80.49
Price spread: +0.012% → 0.000%: $1.15
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$102.34
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Gate: live order book, 5 min ago. 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 Gate live order book, 5 min ago	13.82 bp	23.1 bp −$23	1300.5 bp −$13.0K	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MRNAUSDC	−0.0026%	4h	173.65	+0.010%	$3K	$246K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	173.70	+0.040%	$28K	$82K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.62	−0.006%	$946K	$615K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.48	−0.086%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.47	−0.092%	$1.1M	$2.6M	10x	as long as short
Gate MRNA_USDTshort	0.0000%	8h	173.65	+0.012%	$868K	$1.0M	20x
Bitget MRNAUSDT	0.0000%	8h	173.61	−0.012%	$2.8M	$10.6M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.82	+0.108%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.69	+0.035%	$238	$146K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.55	−0.045%	$13K	$432K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MRNAUSDT	0.0000%	8h	173.67	+0.023%	$1.6M	$640K	20x	as long as short
Binance MRNAUSDT	+0.0031%	8h	173.70	+0.039%	$2.2M	$11.2M	20x	as long as short
Lighter MRNA	+0.0032%	1h	173.75	+0.069%	$157K	$1.1M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.645%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.56	−0.040%	$2K	$63K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	173.55	−0.045%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	173.59	−0.023%	$2.7M	$4.4M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.44	−0.109%	$43K	$35K	5x	as long as short
BloFin MRNA-USDT	+0.0055%	8h	173.92	+0.167%	$45K	$29K	20x	as long as short
Phoenix MRNA	+0.0230%	1h	173.66	+0.017%	$5K	$191K	10x	as long as short
SoDEX MRNA-USDlong	+0.0383%	1h	173.63	long leg	$40K	$56K	10x