Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against QFEX+0.054%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 Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.054% dearer against QFEX than usual: you sell high and buy low, +$5 on $10k if it 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	QFEX MRNA-USD	173.13	0	get 0.0000% / 1h	24m 11s	$1.1M	$2.7M	10x
Short	Aster MRNAUSDT	173.22	0	get 0.0000% / 8h	7h 24m	$29K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → 0.000%: $5.39
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$12.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 min ago; Aster: 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, 3 min ago	2.31 bp	8.9 bp −$9	17.1 bp −$171	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	−0.0532%	4h	173.51	+0.218%	$3K	$244K	10x	as long as short
Aster MRNAUSDTshort	0.0000%	8h	173.22	+0.054%	$29K	$81K	20x
Bybit MRNAUSDT	0.0000%	8h	173.31	+0.104%	$940K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.25	+0.069%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USDlong	0.0000%	1h	173.13	long leg	$1.1M	$2.7M	10x
Gate MRNA_USDT	0.0000%	8h	173.31	+0.104%	$870K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.14	+0.006%	$2.6M	$10.5M	20x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.30	+0.097%	$12K	$429K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	173.33	+0.116%	$1.6M	$648K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.381%	$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	173.41	+0.162%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	173.20	+0.039%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	173.24	+0.064%	$2.6M	$4.3M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.41	+0.162%	$43K	$40K	5x	as long as short
Variational Omni MRNA	+0.0125%	8h	173.49	+0.206%	$49K	$89K	—	as long as short
BloFin MRNA-USDT	+0.0174%	8h	173.40	+0.156%	$44K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0185%	8h	173.29	+0.092%	$2.2M	$11.5M	20x	as long as short
Phoenix MRNA	+0.0231%	1h	173.59	+0.266%	$5K	$193K	10x	as long as short
SoDEX MRNA-USD	+0.1077%	1h	173.25	+0.069%	$40K	$66K	10x	as long as short
Lighter MRNA	+0.1344%	1h	173.45	+0.185%	$123K	$1.0M	10x	as long as short
GRVT MRNA_USDT_Perp	+0.2231%	8h	173.51	+0.220%	$291	$158K	10x	as long as short