Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster+0.217%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.217% dearer against Aster than usual: you sell high and buy low, +$22 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MRNAUSDT	171.26	0	get 0.0000% / 8h	5h 48m	$26K	$81K	20x
Short	Bybit MRNAUSDT	171.63	0	get 0.0000% / 8h	5h 48m	$927K	$621K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now +0.217%Rate

Funding earned: $0
Price spread: +0.217% → 0.000%: $21.72
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $2.72
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 60 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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 60 min ago	6.18 bp	89.8 bp −$90	936.0 bp −$9,360	doesn't fit	doesn't fit

Aster: 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 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	−0.0033%	4h	171.71	+0.261%	$3K	$256K	10x	as long as short
BloFin MRNA-USDT	−0.0010%	8h	171.89	+0.369%	$45K	$30K	20x	as long as short
Aster MRNAUSDTlong	0.0000%	8h	171.26	long leg	$26K	$81K	20x
Binance MRNAUSDT	0.0000%	8h	171.59	+0.194%	$2.1M	$11.9M	20x	as long as short
Bybit MRNAUSDTshort	0.0000%	8h	171.63	+0.217%	$927K	$621K	25x
OKX MRNA-USDT-SWAP	0.0000%	8h	171.59	+0.194%	$1.2M	$5.5M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	171.41	+0.089%	$1.1M	$2.3M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	171.51	+0.147%	$887K	$998K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	171.49	+0.135%	$2.6M	$11.1M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	171.66	+0.235%	$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	171.90	+0.375%	$13K	$434K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	171.61	+0.206%	$1.5M	$682K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.380%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	170.95	−0.180%	$2K	$65K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0161%	1h	171.46	+0.118%	$2.7M	$4.7M	10x	as long as short
Extended MRNA-USD	+0.0184%	1h	171.43	+0.098%	$31K	$32K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0196%	1h	171.39	+0.077%	$42K	$40K	5x	as long as short
SoDEX MRNA-USD	+0.0238%	1h	171.55	+0.170%	$40K	$55K	10x	as long as short
Phoenix MRNA	+0.0278%	1h	171.63	+0.217%	$5K	$205K	10x	as long as short
Lighter MRNA	+0.0288%	1h	171.59	+0.194%	$247K	$1.5M	10x	as long as short
GRVT MRNA_USDT_Perp	+0.0388%	8h	171.98	+0.423%	$693	$127K	10x	as long as short