MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.012%

Price spread now: Arcus against QFEX+0.006%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Arcus

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRNA-USD	172.60	0	get 0.0000% / 1h	13m 34s	$1.1M	$2.7M	10x
Short	Arcus MRNA-USD	172.61	0.0040	get 0.0005% / 1h	13m 34s	$2K	$65K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against QFEX. 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 QFEXbpFee ArcusbpOrdersPrice spread, now +0.006%Rate

Funding earned: $8.46
Price spread: +0.006% → 0.000%: $0.58
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$5.46
Costs to cover: 0.145%
Break-even: 11.5 days

Slippage unknown: QFEX: live order book, 4 min ago; Arcus: 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 QFEX live order book, 4 min ago	2.03 bp	13.4 bp −$13	19.3 bp −$193	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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
BloFin MRNA-USDT	−0.0015%	8h	172.81	+0.122%	$44K	$29K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.69	+0.053%	$29K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.82	+0.129%	$2.2M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.74	+0.081%	$933K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.79	+0.110%	$1.4M	$5.0M	20x	as long as short
QFEX MRNA-USDlong	0.0000%	1h	172.60	long leg	$1.1M	$2.7M	10x
Gate MRNA_USDT	0.0000%	8h	172.70	+0.058%	$880K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.72	+0.070%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.80	+0.116%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.73	+0.075%	$579	$164K	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	172.86	+0.149%	$12K	$428K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.76	+0.093%	$1.6M	$645K	20x	as long as short
Lighter MRNA	+0.0032%	1h	172.80	+0.116%	$124K	$1.0M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.100%	$18K	$8K	12x	as long as short
Arcus MRNA-USDshort	+0.0040%	1h	172.61	+0.006%	$2K	$65K	10x
Extended MRNA-USD	+0.0048%	1h	172.70	+0.060%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.71	+0.064%	$2.6M	$4.2M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.77	+0.098%	$43K	$39K	5x	as long as short
SoDEX MRNA-USD	+0.0143%	1h	172.73	+0.075%	$40K	$66K	10x	as long as short
Phoenix MRNA	+0.0232%	1h	172.71	+0.064%	$5K	$191K	10x	as long as short
edgeX MRNAUSDC	+0.0519%	4h	172.75	+0.090%	$3K	$245K	10x	as long as short