Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: Arcus against Variational Omni−0.490%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Arcus is 0.490% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.490% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$49 on $10k: about 41 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MRNA	171.66	0	get 0.0000% / 8h	5h 46m	$59K	$91K	—
Short	Arcus MRNA-USD	170.82	0.0040	get 0.0005% / 1h	46m 43s	$2K	$65K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. 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 Variational OmnibpFee ArcusbpOrdersPrice spread, now −0.490%Rate

Funding earned: $8.46
Price spread: −0.490% → 0.000%: −$49.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$45.05
Costs to cover: 0.045%
Break-even: 44.3 days

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Arcus no order-book sample	—	—	—	—	—

Variational Omni and 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 exchanges

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	−0.0033%	4h	171.71	+0.026%	$3K	$256K	10x	as long as short
BloFin MRNA-USDT	−0.0020%	8h	171.60	−0.036%	$45K	$30K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	171.06	−0.350%	$26K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	171.19	−0.275%	$2.1M	$11.9M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	171.24	−0.245%	$925K	$621K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	171.28	−0.222%	$1.2M	$5.5M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	171.00	−0.385%	$1.1M	$2.3M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	171.12	−0.315%	$885K	$998K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	171.06	−0.350%	$2.6M	$11.1M	20x	as long as short
Variational Omni MRNAlong	0.0000%	8h	171.66	long leg	$59K	$91K	—

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDT	0.0000%	8h	170.97	−0.403%	$13K	$433K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	171.26	−0.234%	$1.5M	$682K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.597%	$18K	$8K	12x	as long as short
Arcus MRNA-USDshort	+0.0040%	1h	170.82	−0.490%	$2K	$65K	10x
tradeXYZ xyz:MRNA	+0.0125%	1h	171.10	−0.327%	$2.7M	$4.7M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0140%	1h	171.39	−0.158%	$42K	$40K	5x	as long as short
Extended MRNA-USD	+0.0144%	1h	171.09	−0.335%	$31K	$32K	10x	as long as short
SoDEX MRNA-USD	+0.0162%	1h	171.23	−0.251%	$40K	$55K	10x	as long as short
Lighter MRNA	+0.0256%	1h	171.22	−0.257%	$243K	$1.5M	10x	as long as short
Phoenix MRNA	+0.0278%	1h	171.63	−0.018%	$5K	$205K	10x	as long as short
GRVT MRNA_USDT_Perp	+0.0457%	8h	171.66	−0.002%	$5	$127K	10x	as long as short