Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0921%/8h= −100.8% APRpaid last 24h +0.021%

Price spread now: edgeX against Variational Omni−0.003%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

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—+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm boardneeds 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: −$28 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MRNA	173.06	0	get 0.0000% / 8h	2h 08m	$28K	$77K	—
Short	edgeX MRNAUSDC	173.05	−0.0921	pay 0.0460% / 4h	2h 08m	$3K	$241K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Variational Omni. 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 Variational OmnibpFee edgeXbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$193.36
Price spread: −0.003% → 0.000%: −$0.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$202.7
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; edgeX: live order book, 13 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 Variational Omni no order-book sample	—	—	—	—	—
Sell edgeX live order book, 13 min ago	4.62 bp	29.4 bp −$29	doesn't fit	doesn't fit	doesn't fit

Variational Omni: 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 MRNAUSDCshort	−0.0921%	4h	173.05	−0.003%	$3K	$241K	10x
BloFin MRNA-USDT	−0.0026%	8h	173.04	−0.009%	$44K	$29K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.82	−0.138%	$29K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.90	−0.090%	$2.2M	$11.2M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.94	−0.067%	$936K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.85	−0.119%	$1.4M	$4.9M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.85	−0.119%	$1.1M	$2.6M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.87	−0.107%	$882K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.81	−0.142%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNAlong	0.0000%	8h	173.06	long leg	$28K	$77K	—

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRNA_USDT_Perp	0.0000%	8h	173.13	+0.043%	$3	$172K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.07	+0.008%	$12K	$429K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.90	−0.090%	$1.6M	$634K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.342%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.87	−0.107%	$2K	$65K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.11	+0.031%	$43K	$39K	5x	as long as short
Lighter MRNA	+0.0096%	1h	172.93	−0.073%	$125K	$1.0M	10x	as long as short
tradeXYZ xyz:MRNA	+0.0150%	1h	172.80	−0.148%	$2.6M	$4.2M	10x	as long as short
Extended MRNA-USD	+0.0152%	1h	172.79	−0.156%	$32K	$32K	10x	as long as short
Phoenix MRNA	+0.0185%	1h	173.08	+0.014%	$5K	$192K	10x	as long as short
SoDEX MRNA-USD	+0.0452%	1h	172.84	−0.125%	$69	$55K	10x	as long as short