Settings8H · net · $10k
Funding arb · Price arb /

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0782%/8h= +85.7% APRpaid last 24h +0.046%
Price spread now: edgeX against Aster+0.110%80s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.337%−$34 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and edgeX is 0.110% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.337%, so the current rate has only just turned in your favour. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.337% in total (about -17.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MRNAUSDT173.750get 0.0000% / 8h5h 28m$28K$81K20x
ShortedgeX MRNAUSDC173.940.0782get 0.0391% / 4h1h 28m$3K$245K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$164.27
Price spread: +0.110% → 0.000%
$11.02
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$158.29
Costs to cover
0.170%
Break-even
0.3 days
Slippage unknown: Aster: no order-book sample; edgeX: live order book, 34 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell edgeX live order book, 34 min ago3.18 bp10.4 bp −$10doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MRNAUSDTlong0.0000%8h173.75long leg$28K$81K20x
Bybit MRNAUSDT0.0000%8h173.79+0.024%$944K$662K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h173.78+0.019%$1.3M$5.3M20xas long as short
QFEX MRNA-USD0.0000%1h173.71−0.022%$1.1M$2.7M10xas long as short
Gate MRNA_USDT0.0000%8h173.83+0.047%$869K$1.0M20xas long as short
Bitget MRNAUSDT0.0000%8h173.71−0.022%$2.7M$10.6M20xas long as short
GRVT MRNA_USDT_Perp0.0000%8h173.95+0.116%$301$148K10xas long as short
HTX MRNA-USDT0.0000%8h173.92+0.098%$14K$433K20xas long as short
Phemex MRNAUSDT0.0000%8h173.88+0.076%$1.6M$640K20xas long as short
Variational Omni MRNA+0.0001%8h173.85+0.058%$49K$89Kas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MRNA/USDC PERP+0.0033%1h158.62−8.707%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.72−0.016%$2K$64K10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.77+0.013%$43K$35K5xas long as short
Binance MRNAUSDT+0.0063%8h173.86+0.065%$2.2M$11.2M20xas long as short
Extended MRNA-USD+0.0080%1h173.69−0.031%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0086%1h173.75+0.001%$2.6M$4.4M10xas long as short
BloFin MRNA-USDT+0.0090%8h173.93+0.105%$45K$29K20xas long as short
Phoenix MRNA+0.0185%1h173.91+0.093%$5K$189K10xas long as short
SoDEX MRNA-USD+0.0379%1h173.83+0.047%$40K$56K10xas long as short
edgeX MRNAUSDCshort+0.0782%4h173.94+0.110%$3K$245K10x
Lighter MRNA+0.1688%1h173.88+0.076%$104K$1.1M10xas long as short