Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h +0.017%

Price spread now: Variational Omni against QFEX+0.007%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 Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRNA-USD	174.28	0	get 0.0000% / 1h	49m 24s	$1.1M	$2.3M	10x
Short	Variational Omni MRNA	174.29	0	get 0.0000% / 8h	4h 49m	$35K	$69K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → 0.000%: $0.71
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.29
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 2 min ago; Variational Omni: 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, 2 min ago	2.01 bp	12.2 bp −$12	15.1 bp −$151	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	−0.0964%	4h	174.23	−0.028%	$3K	$235K	10x	as long as short
BloFin MRNA-USDT	−0.0018%	8h	173.77	−0.293%	$45K	$28K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	174.16	−0.071%	$30K	$75K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	174.36	+0.044%	$2.3M	$10.6M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	174.38	+0.057%	$980K	$977K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	174.34	+0.034%	$1.4M	$4.7M	20x	as long as short
QFEX MRNA-USDlong	0.0000%	1h	174.28	long leg	$1.1M	$2.3M	10x
Gate MRNA_USDT	0.0000%	8h	174.30	+0.011%	$886K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	174.29	+0.006%	$2.7M	$9.8M	20x	as long as short
Variational Omni MRNAshort	0.0000%	8h	174.29	+0.007%	$35K	$69K	—

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRNA_USDT_Perp	0.0000%	8h	174.29	+0.008%	$446	$163K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	174.44	+0.089%	$12K	$427K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	174.06	−0.126%	$1.6M	$590K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.986%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	174.26	−0.011%	$2K	$64K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	174.31	+0.017%	$48K	$16K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	174.32	+0.023%	$2.7M	$3.7M	10x	as long as short
SoDEX MRNA-USD	+0.0050%	1h	174.03	−0.143%	$87	$55K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	174.04	−0.138%	$42K	$36K	5x	as long as short
Phoenix MRNA	+0.0229%	1h	173.92	−0.207%	$5K	$178K	10x	as long as short
Lighter MRNA	+0.0344%	1h	174.56	+0.161%	$159K	$960K	10x	as long as short