MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.030%

Price spread now: tradeXYZ against Arcus+0.029%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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and tradeXYZ is 0.029% dearer against Arcus than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MRNA-USD	172.54	0.0040	pay 0.0005% / 1h	13m 08s	$2K	$64K	10x
Short	tradeXYZ xyz:MRNA	172.59	0.0050	get 0.0006% / 1h	13m 08s	$2.6M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.029%Rate

Funding earned: $2.04
Price spread: +0.029% → 0.000%: $2.9
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$17.56
Costs to cover: 0.225%
Break-even: 67.2 days

Slippage unknown: Arcus: no order-book sample; tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago	1.45 bp	13.7 bp −$14	doesn't fit	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 20 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
Lighter MRNA	−0.0496%	1h	172.58	+0.023%	$104K	$1.1M	10x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.57	+0.017%	$1.1M	$2.7M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.52	−0.010%	$28K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.69	+0.087%	$936K	$740K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.50	−0.023%	$1.3M	$5.3M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.62	+0.046%	$865K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.42	−0.070%	$2.5M	$10.5M	20x	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.63	+0.053%	$392	$151K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	172.48	−0.032%	$12K	$429K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.58	+0.023%	$1.6M	$651K	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.068%	$18K	$8K	12x	as long as short
Arcus MRNA-USDlong	+0.0040%	1h	172.54	long leg	$2K	$64K	10x
Extended MRNA-USD	+0.0048%	1h	172.45	−0.054%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNAshort	+0.0050%	1h	172.59	+0.029%	$2.6M	$4.4M	10x
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.48	−0.035%	$43K	$36K	5x	as long as short
Variational Omni MRNA	+0.0057%	8h	172.57	+0.019%	$49K	$89K	—	as long as short
Binance MRNAUSDT	+0.0089%	8h	172.57	+0.020%	$2.1M	$11.4M	20x	as long as short
SoDEX MRNA-USD	+0.0152%	1h	172.50	−0.023%	$40K	$56K	10x	as long as short
Phoenix MRNA	+0.0279%	1h	172.77	+0.133%	$5K	$193K	10x	as long as short
edgeX MRNAUSDC	+0.0406%	4h	172.61	+0.040%	$3K	$247K	10x	as long as short