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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against QFEX+0.036%7-day average +0.184% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$620.621% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.029%+$3 on $10k
Price spread, last 7 days+0.039%+$4 · spread now +0.036%, 7d avg +0.184%
Together, before fees+0.068%+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.148% cheaper against QFEX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.184%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MRNA-USD169.860get 0.0000% / 1h57m 13s$1.1M$2.5M10x
ShortBinance MRNAUSDT169.920get 0.0000% / 8h6h 57m$2.1M$11.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0
Price spread: +0.036% → +0.184%
−$14.82
Slippage, 4 orders
−$42.15
Fee QFEX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$76.97
Costs to cover
0.621%
Break-even
never at this rate
Slippage from QFEX: live order book, 5 min ago; Binance: live order book, 13 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 QFEX live order book, 5 min ago1.47 bp12.3 bp −$1217.6 bp −$176doesn't fitdoesn't fit
Sell Binance live order book, 13 min ago2.36 bp17.5 bp −$1755.2 bp −$552doesn'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−0.0111%4h170.02+0.093%$3K$254K10xas long as short
Aster MRNAUSDT0.0000%8h169.99+0.074%$26K$81K20xas long as short
Binance MRNAUSDTshort0.0000%8h169.92+0.036%$2.1M$11.7M20x
Bybit MRNAUSDT0.0000%8h169.77−0.053%$916K$623K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h169.87+0.006%$1.2M$5.4M20xas long as short
QFEX MRNA-USDlong0.0000%1h169.86long leg$1.1M$2.5M10x
Gate MRNA_USDT0.0000%8h169.85−0.006%$862K$971K20xas long as short
Bitget MRNAUSDT0.0000%8h169.860.000%$2.6M$11.1M20xas long as short
Variational Omni MRNA0.0000%8h170.41+0.326%$57K$95Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h170.32+0.271%$296$131K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MRNA-USDT0.0000%8h169.79−0.040%$13K$433K20xas long as short
Phemex MRNAUSDT0.0000%8h169.88+0.012%$1.5M$675K20xas long as short
BloFin MRNA-USDT+0.0016%8h169.84−0.012%$45K$29K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−6.617%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h169.860.000%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h169.86−0.003%$31K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h169.90+0.024%$2.6M$4.6M10xas long as short
SoDEX MRNA-USD+0.0050%1h169.90+0.024%$39K$55K10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h169.71−0.088%$43K$38K5xas long as short
Phoenix MRNA+0.0278%1h169.91+0.029%$5K$205K10xas long as short
Lighter MRNA+0.0344%1h170.05+0.112%$237K$1.5M10xas long as short