Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.016%

Price spread now: Extended against Gate−0.110%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.110% cheaper against Gate than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.5 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MRNA_USDT	173.31	0	get 0.0000% / 8h	55m 36s	$865K	$966K	20x
Short	Extended MRNA-USD	173.12	0.0144	get 0.0018% / 1h	55m 36s	$32K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now −0.110%Rate

Funding earned: $30.24
Price spread: −0.110% → 0.000%: −$10.96
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$0.72
Costs to cover: 0.200%
Break-even: 7.2 days

Slippage unknown: Gate: live order book, 46 min ago; Extended: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 46 min ago	19.14 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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 MRNAUSDC	−0.0347%	4h	173.59	+0.161%	$3K	$249K	10x	as long as short
BloFin MRNA-USDT	−0.0012%	8h	173.70	+0.225%	$45K	$30K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	173.12	−0.110%	$26K	$82K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	173.23	−0.047%	$2.1M	$11.3M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.25	−0.035%	$941K	$607K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.22	−0.052%	$1.3M	$5.4M	20x	as long as short
Gate MRNA_USDTlong	0.0000%	8h	173.31	long leg	$865K	$966K	20x
Bitget MRNAUSDT	0.0000%	8h	173.23	−0.046%	$2.6M	$10.6M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.27	−0.021%	$58K	$96K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.60	+0.165%	$444	$144K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDT	0.0000%	8h	173.18	−0.076%	$13K	$431K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	173.33	+0.012%	$1.6M	$644K	20x	as long as short
QFEX MRNA-USD	+0.0001%	1h	173.08	−0.133%	$1.1M	$2.5M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.476%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.11	−0.115%	$2K	$65K	10x	as long as short
SoDEX MRNA-USD	+0.0050%	1h	173.34	+0.017%	$40K	$57K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.32	+0.006%	$43K	$35K	5x	as long as short
tradeXYZ xyz:MRNA	+0.0095%	1h	173.19	−0.069%	$2.6M	$4.5M	10x	as long as short
Extended MRNA-USDshort	+0.0144%	1h	173.12	−0.110%	$32K	$32K	10x
Phoenix MRNA	+0.0232%	1h	173.69	+0.219%	$5K	$191K	10x	as long as short
Lighter MRNA	+0.0432%	1h	173.70	+0.225%	$156K	$1.2M	10x	as long as short