Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.078%

Price spread now: SoDEX against Gate+0.023%7-day average — · you sell dearer than you buy

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

Long on Gate Short on SoDEX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.023% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread 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	Gate MRNA_USDT	171.95	0	get 0.0000% / 8h	6h 34m	$860K	$1.0M	20x
Short	SoDEX MRNA-USD	171.99	0.0050	get 0.0006% / 1h	34m 06s	$40K	$66K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $10.5
Price spread: +0.023% → 0.000%: $2.33
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$10.17
Costs to cover: 0.230%
Break-even: 13.8 days

Slippage unknown: Gate: live order book, 3 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	15.99 bp	24.2 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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 20 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	−0.0792%	1h	172.08	+0.076%	$109K	$1.1M	10x	as long as short
QFEX MRNA-USD	0.0000%	1h	171.92	−0.017%	$1.1M	$2.7M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.01	+0.037%	$28K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	171.96	+0.006%	$932K	$822K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.06	+0.064%	$1.3M	$5.2M	20x	as long as short
Gate MRNA_USDTlong	0.0000%	8h	171.95	long leg	$860K	$1.0M	20x
Bitget MRNAUSDT	0.0000%	8h	171.95	0.000%	$2.6M	$10.5M	20x	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.18	+0.132%	$198	$153K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	171.89	−0.034%	$12K	$428K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.02	+0.041%	$1.5M	$646K	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MRNAUSDC	+0.0024%	4h	172.14	+0.108%	$3K	$246K	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.752%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	171.95	0.000%	$2K	$64K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	171.87	−0.046%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	171.90	−0.029%	$2.6M	$4.3M	10x	as long as short
SoDEX MRNA-USDshort	+0.0050%	1h	171.99	+0.023%	$40K	$66K	10x
Ondo Perps MRNA-USD.P	+0.0050%	1h	171.99	+0.023%	$42K	$37K	5x	as long as short
Variational Omni MRNA	+0.0081%	8h	172.05	+0.057%	$49K	$89K	—	as long as short
Binance MRNAUSDT	+0.0110%	8h	172.05	+0.057%	$2.1M	$11.3M	20x	as long as short
Phoenix MRNA	+0.0279%	1h	171.98	+0.017%	$5K	$193K	10x	as long as short