Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0040%/8hpaid last 24h −0.012%

Price spread now: Bybit against Arcus0.000%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Bybit

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MRNA-USD	173.34	0.0040	pay 0.0005% / 1h	19m 02s	$2K	$64K	10x
Short	Bybit MRNAUSDT	173.34	0	get 0.0000% / 8h	4h 19m	$963K	$998K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Arcus. 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 ArcusbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$8.46
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$23.96
Costs to cover: 0.155%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; Bybit: live order book, 10 min ago. 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 Arcus no order-book sample	—	—	—	—	—
Sell Bybit live order book, 10 min ago	4.31 bp	83.1 bp −$83	267.2 bp −$2,672	doesn't fit	doesn't fit

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 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
Aster MRNAUSDT	0.0000%	8h	173.44	+0.060%	$30K	$75K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	173.28	−0.035%	$2.2M	$10.7M	20x	as long as short
Bybit MRNAUSDTshort	0.0000%	8h	173.34	0.000%	$963K	$998K	25x
OKX MRNA-USDT-SWAP	0.0000%	8h	173.22	−0.069%	$1.4M	$4.7M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.38	+0.023%	$1.1M	$2.4M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.34	0.000%	$881K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.21	−0.075%	$2.7M	$9.9M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.73	+0.225%	$35K	$70K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.68	+0.196%	$73	$165K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.66	+0.185%	$12K	$426K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MRNAUSDT	0.0000%	8h	173.33	−0.006%	$1.6M	$598K	20x	as long as short
BloFin MRNA-USDT	+0.0030%	8h	173.41	+0.040%	$45K	$28K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.492%	$18K	$8K	12x	as long as short
Arcus MRNA-USDlong	+0.0040%	1h	173.34	long leg	$2K	$64K	10x
Extended MRNA-USD	+0.0048%	1h	173.43	+0.050%	$48K	$16K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	173.26	−0.046%	$2.6M	$3.8M	10x	as long as short
SoDEX MRNA-USD	+0.0050%	1h	173.32	−0.012%	$76	$55K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.36	+0.012%	$42K	$36K	5x	as long as short
Lighter MRNA	+0.0136%	1h	173.38	+0.023%	$156K	$973K	10x	as long as short
Phoenix MRNA	+0.0229%	1h	173.52	+0.104%	$5K	$178K	10x	as long as short
edgeX MRNAUSDC	+0.0826%	4h	173.67	+0.189%	$3K	$235K	10x	as long as short