Funding arb · Price arb / RWA

MRNA

RWAAll MRNA markets →

LONGtradeXYZ▾Extended −0.0984%tradeXYZ −0.0971%Avantis −0.0787%Ondo Perps −0.0514%Bybit −0.0328%Injective −0.0220%GRVT −0.0193%AZverse −0.0166%QFEX −0.0014%Aster 0.0000%Binance 0.0000%OKX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%HTX 0.0000%Phemex 0.0000%BloFin +0.0009%Lighter +0.0032%Arcus +0.0038%BingX +0.0050%SoDEX +0.0050%edgeX +0.0050%TxFlow +0.0100%Phoenix +0.0123%

⇄⇅

SHORTKuCoin▾Phoenix +0.0123%TxFlow +0.0100%edgeX +0.0050%BingX +0.0050%SoDEX +0.0050%Arcus +0.0038%Lighter +0.0032%BloFin +0.0009%Aster 0.0000%Binance 0.0000%OKX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%HTX 0.0000%Phemex 0.0000%QFEX −0.0014%AZverse −0.0166%GRVT −0.0193%Injective −0.0220%Bybit −0.0328%Ondo Perps −0.0514%Avantis +0.0824%Extended −0.0984%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	tradeXYZxyz:MRNA	193.77	−0.0971	get 0.0121% / 1h	11m 07s	$21.8M	$11.7M	10x	Long tradeXYZ
SHORT	KuCoinMRNAUSDTM	194.33	0	0.0000% / 8h	11m 07s	$336K	$1.4M	20x	Short KuCoin

Price gap+0.289%

Funding gap+0.0971% /8h

Both sides work: funding pays +$29 a day on $10k, and the gap is 0.146% above its 7d average: +$15 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.120% in total, about +0.0057%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.289%

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

/8h

24H3D7D14D30D90D

tradeXYZKuCoin

MRNA on 27 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

• !
  Watch: Thin at this size7.9 / 39.6 bp

  At $10k entering KuCoin costs 39.6 bp, fee and slippage, 5.0× tradeXYZ’s.
• i
  Note: Margin at max leverage$1,000 + $500

  tradeXYZ 10x, KuCoin 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long tradeXYZ · 1h+$29.12

  Short KuCoin · 8h$0.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$29.12Long tradeXYZ: 24 payments, +$29.12; short KuCoin: 3 payments, $0.00.
• ✓
  OK: Entry gap works for you+0.289% vs +0.143%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Short leg is thinner$336K vs $21.8M OI

  KuCoin sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legtradeXYZ points

  Volume here counts toward the points program.
• !
  Watch: KYCtradeXYZ No · KuCoin Yes

  Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0057%/8h × 21 periods+$11.96

Price spread+0.289% → +0.143% (7d avg)+$14.56

Slippage, 4 orderslive order books−$209.46

Fee tradeXYZ bp × 2 orders−$1.80

Fee KuCoin bp × 2 orders−$12.00

Net · 7 days · $10k−$196.74

Costs to cover2.233%Break-even122.2 days

Slippage: tradeXYZ: live order book, 3 min ago; KuCoin: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGtradeXYZ1.037.9 bp−$820.6 bp−$20690.0 bp−$9,001doesn’t fit

SELL · SHORTKuCoin10.0239.6 bp−$40doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

MRNA news

posts that mention MRNA, from every exchangeSearch all news →

10-25 09:09	AZAZverse	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 ↗
10-20 17:07	Phoenix	Other	JUST IN: Moderna $MRNA is still climbing, up nearly 7% in the last 24 hours ahead of Saturday's Phase 3 cancer vaccine data at ESMO. @PhoenixTrade on X ↗
10-19 13:46	Phoenix	Other	JUST IN: $MRNA jumps 8.45% in anticipation of their Stage 3 cancer vaccine clinical trial results releasing on October 24. @PhoenixTrade on X ↗