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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against Bitget+0.063%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$590.587% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.039%−$4 on $10k
Price spread, last 7 days−0.052%−$5 · spread now +0.063%, 7d avg +0.015%
Together, before fees−0.091%−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.048% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MRNAUSDT173.480get 0.0000% / 8h1h 19m$2.6M$10.5M20x
ShortBinance MRNAUSDT173.590get 0.0000% / 8h1h 19m$2.1M$11.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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
$0
Price spread: +0.063% → +0.015%
$4.81
Slippage, 4 orders
−$36.75
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$53.94
Costs to cover
0.587%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago4.04 bp13.8 bp −$1426.6 bp −$266doesn't fitdoesn't fit
Sell Binance live order book, 5 min ago1.44 bp13.0 bp −$1345.3 bp −$453doesn't fitdoesn't fit

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%8h173.51+0.019%$27K$83K20xas long as short
Binance MRNAUSDTshort0.0000%8h173.59+0.063%$2.1M$11.3M20x
Bybit MRNAUSDT0.0000%8h173.54+0.035%$942K$612K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h173.49+0.006%$1.3M$5.4M20xas long as short
QFEX MRNA-USD0.0000%1h173.36−0.069%$1.1M$2.5M10xas long as short
Gate MRNA_USDT0.0000%8h173.28−0.115%$865K$994K20xas long as short
Bitget MRNAUSDTlong0.0000%8h173.48long leg$2.6M$10.5M20x
Variational Omni MRNA0.0000%8h173.45−0.017%$57K$96Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h173.18−0.173%$511$146K10xas long as short
HTX MRNA-USDT0.0000%8h173.32−0.089%$14K$431K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MRNAUSDT0.0000%8h173.58+0.058%$1.6M$647K20xas long as short
BloFin MRNA-USDT+0.0029%8h173.42−0.035%$45K$30K20xas long as short
Lighter MRNA+0.0032%1h173.61+0.075%$156K$1.2M10xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.566%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.05−0.248%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h173.51+0.016%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h173.45−0.017%$2.6M$4.5M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.04−0.254%$43K$35K5xas long as short
edgeX MRNAUSDC+0.0082%4h173.25−0.135%$3K$249K10xas long as short
Phoenix MRNA+0.0232%1h173.38−0.058%$5K$191K10xas long as short
SoDEX MRNA-USD+0.0239%1h173.47−0.006%$40K$56K10xas long as short