Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

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 −0.026%

Price spread now: OKX against Bitget+0.041%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$590.594% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days−0.117%−$12 · spread now +0.041%, 7d avg −0.041%

Together, before fees−0.185%−$19 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: OKX is 0.081% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRNAUSDT	172.27	0	get 0.0000% / 8h	6h 58m	$2.6M	$10.6M	20x
Short	OKX MRNA-USDT-SWAP	172.34	0	get 0.0000% / 8h	6h 58m	$1.3M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BitgetbpFee OKXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.041%: $8.14
Slippage, 4 orders: −$37.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$51.28
Costs to cover: 0.594%
Break-even: never at this rate

Slippage from Bitget: live order book, just now; OKX: 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 Bitget live order book, just now	3.48 bp	10.3 bp −$10	42.6 bp −$426	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	4.94 bp	11.8 bp −$12	102.8 bp −$1,028	doesn't fit	doesn't fit

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
Lighter MRNA	−0.0640%	1h	172.28	+0.006%	$109K	$1.1M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.20	−0.040%	$29K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.31	+0.023%	$935K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAPshort	0.0000%	8h	172.34	+0.041%	$1.3M	$5.2M	20x
QFEX MRNA-USD	0.0000%	1h	172.27	0.000%	$1.2M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.21	−0.035%	$862K	$1.0M	20x	as long as short
Bitget MRNAUSDTlong	0.0000%	8h	172.27	long leg	$2.6M	$10.6M	20x
HTX MRNA-USDT	0.0000%	8h	172.36	+0.050%	$12K	$429K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.36	+0.052%	$1.6M	$648K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.924%	$18K	$8K	12x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus MRNA-USD	+0.0040%	1h	172.11	−0.093%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	172.27	−0.003%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.27	0.000%	$2.6M	$4.4M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.40	+0.075%	$43K	$39K	5x	as long as short
SoDEX MRNA-USD	+0.0089%	1h	172.20	−0.041%	$40K	$66K	10x	as long as short
Variational Omni MRNA	+0.0121%	8h	171.99	−0.162%	$49K	$89K	—	as long as short
BloFin MRNA-USDT	+0.0145%	8h	172.39	+0.070%	$45K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0151%	8h	172.43	+0.093%	$2.1M	$11.5M	20x	as long as short
Phoenix MRNA	+0.0231%	1h	171.98	−0.168%	$5K	$191K	10x	as long as short
edgeX MRNAUSDC	+0.0361%	4h	172.10	−0.099%	$3K	$246K	10x	as long as short
GRVT MRNA_USDT_Perp	+0.0408%	8h	172.07	−0.116%	$191	$154K	10x	as long as short