Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.030%

Price spread now: Extended against Binance−0.082%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.082% cheaper against Binance than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 5.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRNAUSDT	172.60	0	get 0.0000% / 8h	1h 23m	$2.2M	$11.3M	20x
Short	Extended MRNA-USD	172.46	0.0048	get 0.0006% / 1h	23m 35s	$32K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.082%Rate

Funding earned: $10.08
Price spread: −0.082% → 0.000%: −$8.21
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$13.13
Costs to cover: 0.150%
Break-even: 16.1 days

Slippage unknown: Binance: live order book, 2 min ago; Extended: no order-book sample. 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 Binance live order book, 2 min ago	2.03 bp	15.3 bp −$15	50.3 bp −$503	704.4 bp −$70.4K	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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
edgeX MRNAUSDC	−0.0885%	4h	172.72	+0.072%	$3K	$242K	10x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.49	−0.064%	$1.1M	$2.7M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.67	+0.040%	$29K	$81K	20x	as long as short
Binance MRNAUSDTlong	0.0000%	8h	172.60	long leg	$2.2M	$11.3M	20x
Bybit MRNAUSDT	0.0000%	8h	172.53	−0.041%	$932K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.49	−0.064%	$1.4M	$4.9M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.59	−0.006%	$879K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.46	−0.081%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.59	−0.004%	$49K	$98K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.73	+0.075%	$421	$169K	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	172.50	−0.057%	$12K	$430K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.57	−0.017%	$1.6M	$642K	20x	as long as short
BloFin MRNA-USDT	+0.0025%	8h	172.63	+0.017%	$44K	$29K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.100%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.41	−0.110%	$2K	$65K	10x	as long as short
Extended MRNA-USDshort	+0.0048%	1h	172.46	−0.082%	$32K	$32K	10x
tradeXYZ xyz:MRNA	+0.0050%	1h	172.47	−0.075%	$2.6M	$4.2M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.64	+0.023%	$43K	$39K	5x	as long as short
Lighter MRNA	+0.0160%	1h	172.61	+0.006%	$124K	$1.0M	10x	as long as short
SoDEX MRNA-USD	+0.0218%	1h	172.54	−0.035%	$40K	$75K	10x	as long as short
Phoenix MRNA	+0.0324%	1h	172.62	+0.012%	$5K	$192K	10x	as long as short