MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.023%

Price spread now: QFEX against tradeXYZ−0.047%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$590.587% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.111%−$11 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.047%, 7d avg −0.118%

Together, before fees−0.080%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.072% dearer against tradeXYZ than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.118%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MRNA	171.52	0.0050	pay 0.0006% / 1h	5m 19s	$2.7M	$4.6M	10x
Short	QFEX MRNA-USD	171.44	0	get 0.0000% / 1h	5m 19s	$1.1M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against tradeXYZ. 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 tradeXYZbpFee QFEXbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$10.5
Price spread: −0.047% → −0.118%: $7.17
Slippage, 4 orders: −$30.69
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$62.03
Costs to cover: 0.587%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; QFEX: live order book, 5 min ago.

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 tradeXYZ live order book, 6 min ago	0.88 bp	13.8 bp −$14	21.6 bp −$216	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.75 bp	16.7 bp −$17	20.6 bp −$206	doesn't fit	doesn't fit

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
edgeX MRNAUSDC	−0.0693%	4h	171.49	−0.019%	$3K	$255K	10x	as long as short
BloFin MRNA-USDT	−0.0013%	8h	171.56	+0.023%	$45K	$30K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	171.40	−0.069%	$26K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	171.61	+0.052%	$2.1M	$11.7M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	171.67	+0.087%	$926K	$613K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	171.45	−0.041%	$1.2M	$5.5M	20x	as long as short
QFEX MRNA-USDshort	0.0000%	1h	171.44	−0.047%	$1.1M	$2.3M	10x
Gate MRNA_USDT	0.0000%	8h	171.51	−0.006%	$870K	$981K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	171.41	−0.064%	$2.7M	$11.1M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	171.59	+0.041%	$59K	$91K	—	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDT	0.0000%	8h	171.29	−0.136%	$13K	$433K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	171.61	+0.052%	$1.5M	$672K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.521%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	171.03	−0.286%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	171.43	−0.054%	$31K	$32K	10x	as long as short
tradeXYZ xyz:MRNAlong	+0.0050%	1h	171.52	long leg	$2.7M	$4.6M	10x
Ondo Perps MRNA-USD.P	+0.0050%	1h	171.56	+0.023%	$42K	$39K	5x	as long as short
GRVT MRNA_USDT_Perp	+0.0121%	8h	171.43	−0.052%	$778	$127K	10x	as long as short
Phoenix MRNA	+0.0188%	1h	171.51	−0.006%	$5K	$205K	10x	as long as short
Lighter MRNA	+0.0240%	1h	171.75	+0.134%	$240K	$1.5M	10x	as long as short
SoDEX MRNA-USD	+0.0333%	1h	171.58	+0.035%	$40K	$55K	10x	as long as short