MRNA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.008%

7d average—if it closes, per $10,000$1funding while held, a day−$1.21

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MRNA-USD	174.79	0.0040	pay 0.0005% / 1h	1m 20s	$2K	$64K	10x
Short	Variational Omni MRNA	174.78	0	get 0.0000% / 8h	5h 01m	$35K	$69K	—

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee ArcusbpFee Variational OmnibpOrdersClose when spread is

Spread captured: −$0.79
Funding while held: −$1.21
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.5
Spread needed to break even: 0.045%

Slippage unknown: Arcus: no order-book sample; Variational Omni: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0040%
Per $10,000 a day: −$1.21
Average in range /8h: —

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 Variational Omni no order-book sample	—	—	—	—	—

Arcus and 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 price on every exchange

against the cheapest. Click to use as the short leg.

Injective158.62cheapest

BloFin174.66+10.112%HTX174.70+10.136%edgeX174.71+10.146%SoDEX174.73+10.156%

Variational Omni174.78+10.185%

Phoenix174.78+10.188%

Arcus174.79+10.194%

Bitget174.79+10.194%Phemex174.79+10.194%Gate174.80+10.200%Ondo Perps174.81+10.207%tradeXYZ174.82+10.213%QFEX174.82+10.213%Extended174.83+10.221%Bybit174.85+10.232%Aster174.87+10.247%OKX174.92+10.276%Binance174.94+10.290%Lighter175.08+10.377%

MRNA on 20 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MRNA/USDC PERP	−9.251%	+0.0033%	1h	$18K	$8K	12x	as long as short
BloFin MRNA-USDT	−0.074%	+0.0023%	8h	$45K	$28K	20x	as long as short
HTX MRNA-USDT	−0.053%	0.0000%	8h	$12K	$427K	20x	as long as short
edgeX MRNAUSDC	−0.044%	+0.0790%	4h	$3K	$234K	10x	as long as short
SoDEX MRNA-USD	−0.034%	+0.0050%	1h	$80	$55K	10x	as long as short
Variational Omni MRNAshort	−0.008%	0.0000%	8h	$35K	$69K	—
Phoenix MRNA	−0.006%	+0.0184%	1h	$5K	$165K	10x	as long as short
Arcus MRNA-USDlong	0.000%	+0.0040%	1h	$2K	$64K	10x
Bitget MRNAUSDT	0.000%	0.0000%	8h	$2.7M	$9.7M	20x	as long as short
Phemex MRNAUSDT	0.000%	0.0000%	8h	$1.6M	$588K	20x	as long as short

Show all 20 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate MRNA_USDT	+0.006%	0.0000%	8h	$888K	$1.1M	20x	as long as short
Ondo Perps MRNA-USD.P	+0.011%	+0.0050%	1h	$43K	$36K	5x	as long as short
tradeXYZ xyz:MRNA	+0.017%	+0.0050%	1h	$2.6M	$3.7M	10x	as long as short
QFEX MRNA-USD	+0.017%	0.0000%	1h	$1.1M	$2.3M	10x	as long as short
Extended MRNA-USD	+0.025%	+0.0048%	1h	$48K	$16K	10x	as long as short
Bybit MRNAUSDT	+0.034%	0.0000%	8h	$983K	$975K	25x	as long as short
Aster MRNAUSDT	+0.047%	0.0000%	8h	$31K	$75K	20x	as long as short
OKX MRNA-USDT-SWAP	+0.074%	0.0000%	8h	$1.4M	$4.7M	20x	as long as short
Binance MRNAUSDT	+0.087%	0.0000%	8h	$2.3M	$10.5M	20x	as long as short
Lighter MRNA	+0.166%	+0.0504%	1h	$160K	$960K	10x	as long as short