Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: Bitget against Aster−0.093%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.093% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it 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	Aster MRNAUSDT	173.07	0	get 0.0000% / 8h	2h 00m	$29K	$81K	20x
Short	Bitget MRNAUSDT	172.91	0	get 0.0000% / 8h	2h 00m	$2.6M	$10.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → 0.000%: −$9.34
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$29.34
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bitget: live order book, 3 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 Aster no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	3.47 bp	17.7 bp −$18	25.1 bp −$251	doesn't fit	doesn't fit

Aster: 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
BloFin MRNA-USDT	−0.0019%	8h	172.95	−0.070%	$44K	$29K	20x	as long as short
Aster MRNAUSDTlong	0.0000%	8h	173.07	long leg	$29K	$81K	20x
Binance MRNAUSDT	0.0000%	8h	173.06	−0.009%	$2.2M	$11.3M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.03	−0.024%	$936K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.92	−0.088%	$1.4M	$4.9M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.80	−0.157%	$1.1M	$2.6M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.91	−0.093%	$882K	$1.1M	20x	as long as short
Bitget MRNAUSDTshort	0.0000%	8h	172.91	−0.093%	$2.6M	$10.4M	20x
Variational Omni MRNA	0.0000%	8h	172.95	−0.068%	$49K	$98K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.02	−0.029%	$3	$172K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDT	0.0000%	8h	173.15	+0.047%	$12K	$429K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	173.03	−0.024%	$1.6M	$637K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.350%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.83	−0.140%	$2K	$65K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.74	−0.192%	$43K	$39K	5x	as long as short
edgeX MRNAUSDC	+0.0111%	4h	173.04	−0.020%	$3K	$243K	10x	as long as short
Lighter MRNA	+0.0120%	1h	172.96	−0.064%	$125K	$1.0M	10x	as long as short
tradeXYZ xyz:MRNA	+0.0159%	1h	172.92	−0.088%	$2.6M	$4.2M	10x	as long as short
Extended MRNA-USD	+0.0160%	1h	172.92	−0.089%	$32K	$32K	10x	as long as short
Phoenix MRNA	+0.0185%	1h	172.73	−0.197%	$5K	$192K	10x	as long as short
SoDEX MRNA-USD	+0.0443%	1h	172.98	−0.053%	$40K	$75K	10x	as long as short