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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX−0.012%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1341.340% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.012%, 7d avg +0.008%
Together, before fees−0.010%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MRNA-USDT-SWAP173.730get 0.0000% / 8h4h 22m$1.4M$4.7M20x
ShortBybit MRNAUSDT173.710get 0.0000% / 8h4h 22m$965K$998K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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: −0.012% → +0.008%
−$1.9
Slippage, 4 orders
−$112.95
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$135.86
Costs to cover
1.340%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 7 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 OKX live order book, 4 min ago6.33 bp20.1 bp −$2048.6 bp −$486doesn't fitdoesn't fit
Sell Bybit live order book, 7 min ago4.31 bp83.1 bp −$83267.2 bp −$2,672doesn'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
edgeX MRNAUSDC−0.0278%4h173.54−0.107%$3K$234K10xas long as short
Aster MRNAUSDT0.0000%8h173.70−0.019%$30K$75K20xas long as short
Binance MRNAUSDT0.0000%8h173.75+0.012%$2.2M$10.7M20xas long as short
Bybit MRNAUSDTshort0.0000%8h173.71−0.012%$965K$998K25x
OKX MRNA-USDT-SWAPlong0.0000%8h173.73long leg$1.4M$4.7M20x
QFEX MRNA-USD0.0000%1h173.59−0.081%$1.1M$2.4M10xas long as short
Gate MRNA_USDT0.0000%8h173.60−0.075%$882K$1.1M20xas long as short
Bitget MRNAUSDT0.0000%8h173.54−0.109%$2.7M$9.9M20xas long as short
Variational Omni MRNA0.0000%8h173.65−0.047%$35K$70Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h173.49−0.139%$73$165K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MRNA-USDT0.0000%8h173.62−0.065%$12K$426K20xas long as short
Phemex MRNAUSDT0.0000%8h173.63−0.058%$1.6M$597K20xas long as short
BloFin MRNA-USDT+0.0013%8h173.63−0.058%$45K$28K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.697%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.55−0.104%$2K$64K10xas long as short
Extended MRNA-USD+0.0048%1h173.60−0.075%$48K$16K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h173.61−0.069%$2.6M$3.7M10xas long as short
SoDEX MRNA-USD+0.0050%1h173.65−0.046%$80$55K10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.36−0.213%$42K$36K5xas long as short
Lighter MRNA+0.0176%1h173.78+0.029%$157K$973K10xas long as short
Phoenix MRNA+0.0229%1h173.35−0.219%$5K$178K10xas long as short