Settings8H · net · $10k
Funding arb · Price arb /

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0539%/8h= +59.0% APRpaid last 24h +0.074%
Price spread now: SoDEX against Variational Omni+0.173%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and SoDEX is 0.173% dearer against Variational Omni than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni MRNA173.870get 0.0000% / 8h3h 48m$49K$89K
ShortSoDEX MRNA-USD174.170.0539get 0.0067% / 1h48m 40s$40K$56K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$113.17
Price spread: +0.173% → 0.000%
$17.28
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$122.45
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; SoDEX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell SoDEX no order-book sample
Variational Omni and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MRNAUSDT0.0000%8h174.18+0.179%$28K$82K20xas long as short
Bybit MRNAUSDT0.0000%8h174.23+0.207%$949K$615K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h174.20+0.190%$1.3M$5.3M20xas long as short
QFEX MRNA-USD0.0000%1h173.94+0.041%$1.1M$2.6M10xas long as short
Gate MRNA_USDT0.0000%8h174.01+0.081%$869K$996K20xas long as short
Bitget MRNAUSDT0.0000%8h174.01+0.081%$2.8M$10.5M20xas long as short
Variational Omni MRNAlong0.0000%8h173.87long leg$49K$89K
GRVT MRNA_USDT_Perp0.0000%8h173.83−0.023%$17$147K10xas long as short
HTX MRNA-USDT0.0000%8h174.22+0.201%$14K$431K20xas long as short
Phemex MRNAUSDT0.0000%8h174.13+0.150%$1.6M$642K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance MRNAUSDT+0.0022%8h174.32+0.257%$2.2M$11.3M20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.771%$18K$8K12xas long as short
BloFin MRNA-USDT+0.0034%8h173.81−0.034%$45K$29K20xas long as short
Arcus MRNA-USD+0.0040%1h173.86−0.006%$2K$63K10xas long as short
Extended MRNA-USD+0.0048%1h174.17+0.173%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h174.14+0.156%$2.7M$4.4M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.64−0.132%$43K$35K5xas long as short
Lighter MRNA+0.0184%1h174.15+0.161%$158K$1.1M10xas long as short
Phoenix MRNA+0.0277%1h173.93+0.035%$5K$191K10xas long as short
SoDEX MRNA-USDshort+0.0539%1h174.17+0.173%$40K$56K10x
edgeX MRNAUSDC+0.0601%4h173.88+0.007%$3K$246K10xas long as short