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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%
Price spread now: Bitget against QFEX+0.040%7-day average +0.171% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$500.504% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.068%+$7 on $10k
Price spread, last 7 days+0.038%+$4 · spread now +0.040%, 7d avg +0.171%
Together, before fees+0.106%+$11 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: Bitget is 0.131% cheaper against QFEX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.171%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MRNA-USD173.750get 0.0000% / 1h17m 16s$1.1M$2.6M10x
ShortBitget MRNAUSDT173.820get 0.0000% / 8h3h 17m$2.8M$10.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.040% → +0.171%
−$13.07
Slippage, 4 orders
−$28.42
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$63.49
Costs to cover
0.504%
Break-even
never at this rate
Slippage from QFEX: live order book, 5 min ago; Bitget: live order book, 1 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 ago4.02 bp12.8 bp −$1320.9 bp −$209doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago3.16 bp10.9 bp −$1132.2 bp −$322doesn'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−0.0517%4h174.17+0.244%$3K$247K10xas long as short
Aster MRNAUSDT0.0000%8h173.91+0.094%$28K$82K20xas long as short
Binance MRNAUSDT0.0000%8h174.01+0.147%$2.2M$11.3M20xas long as short
Bybit MRNAUSDT0.0000%8h173.91+0.092%$948K$614K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h173.94+0.109%$1.3M$5.3M20xas long as short
QFEX MRNA-USDlong0.0000%1h173.75long leg$1.1M$2.6M10x
Gate MRNA_USDT0.0000%8h173.91+0.092%$869K$999K20xas long as short
Bitget MRNAUSDTshort0.0000%8h173.82+0.040%$2.8M$10.4M20x
Variational Omni MRNA0.0000%8h174.17+0.241%$56K$96Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h174.21+0.263%$660$149K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MRNA-USDT0.0000%8h173.68−0.039%$13K$430K20xas long as short
Phemex MRNAUSDT0.0000%8h174.01+0.150%$1.6M$643K20xas long as short
BloFin MRNA-USDT+0.0020%8h174.05+0.173%$45K$29K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.708%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.93+0.104%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h173.71−0.023%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h173.72−0.017%$2.7M$4.5M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.94+0.109%$43K$35K5xas long as short
SoDEX MRNA-USD+0.0153%1h173.89+0.081%$40K$56K10xas long as short
Phoenix MRNA+0.0277%1h173.88+0.075%$5K$191K10xas long as short
Lighter MRNA+0.0600%1h174.13+0.219%$158K$1.1M10xas long as short