Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 272.30 | +0.0050 | pay 0.0006% / 1h | 7m 33s | $113K | $141K | 10x | Long SoDEX | |
| SHORT | 271.71 | −0.0073 | pay 0.0009% / 1h | 7m 33s | $26.9M | $29.9M | 10x | Short tradeXYZ |
Price gap−0.220%
Funding gap−0.0123% /8h
Funding costs $4 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$39−0.0123% /8h now · paid −0.390% over the last 7D
Price−$1spread −0.220% now, avg −0.211% → −0.010% if it goes back
Costs−$740.743% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.220%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMRNA on 26 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Thin at this size31.4 / 4.2 bpAt $10k entering SoDEX costs 31.4 bp, fee and slippage, 7.6× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + $1,000SoDEX 10x, tradeXYZ 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$3.70Long SoDEX: 24 payments, −$1.50; short tradeXYZ: 24 payments, −$2.20.
- Note: Gap at its usual level−0.220% vs −0.211%The price leg adds little either way.
- Watch: Long leg is thinner$113K vs $26.9M OISoDEX sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- OK: No KYC on either legSoDEX No · tradeXYZ NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0186%/8h × 21 periods−$39.01
Price spread−0.220% → −0.211% (7d avg)−$0.97
Slippage, 4 orderslive order books−$64.53
Fee SoDEX bp × 2 orders−$8.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$114.32
Costs to cover0.743%Break-evennever at this rate
Slippage: SoDEX: live order book, 36 min ago; tradeXYZ: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSoDEX2.6131.4 bp−$31doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ2.944.2 bp−$48.3 bp−$8334.5 bp−$3,452doesn’t fit
Closing costs about the same again.
MRNA news
posts that mention MRNA, from every exchange| 11-06 19:41 | Phoenix | Other | Moderna reported a surprise Q3 profit and raised its 2026 outlook. $MRNA is trading at $259 on Phoenix. @PhoenixTrade on X ↗ |
| 11-06 13:03 | Variational Omni | Other | $MRNA Earnings Call @variational_io on X ↗ |
| 10-25 09:09 | AZverse | Listing | new market mrna_usdt ($MRNA) seen by our collector |
| 10-22 20:48 | Arcus | Other | $MRNA fell 25% today and was halted intraday on its primary exchange. The MRNA perp on Arcus kept trading through the halt. Traders could open, reduce, or close positions the entire time - as there is no halt state on Arcus perps. Markets run 24/7. Read more about Arcus RWA Perps here: @arcus_xyz on X ↗ |
| 10-22 19:35 | Phoenix | Other | Moderna falls after reported leak of Phase 3 melanoma vaccine data showing a 42% cut in recurrence risk, below Phase 2's 49%. $MRNA is trading at $195 on Phoenix, 24/7. @PhoenixTrade on X ↗ |
| 10-22 19:27 | Bitget | Other | Stay on top of fast-moving stock markets with Bitget Stock Perps. 📈📉 Here's the latest on Moderna $MRNA today ⤵️ @bitget on X ↗ |


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