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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.029%
Price spread now: Phemex against Binance+0.016%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1111.111% of the position
Long on BinanceShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 2 days (all we have)−0.028%−$3 · spread now +0.016%, 7d avg +0.005%
Together, before fees−0.057%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MRNAUSDT173.840get 0.0000% / 8h7h 47m$2.2M$11.4M20x
ShortPhemex MRNAUSDT173.870get 0.0000% / 8h7h 47m$1.6M$647K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$0
Price spread: +0.016% → +0.005%
$1.16
Slippage, 4 orders
−$89.14
Fee Binance: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$109.97
Costs to cover
1.111%
Break-even
never at this rate
Slippage from Binance: live order book, 7 min ago; Phemex: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 7 min ago2.02 bp16.6 bp −$1772.7 bp −$727doesn't fitdoesn't fit
Sell Phemex live order book, 5 min ago2.60 bp42.1 bp −$42doesn't fitdoesn't fitdoesn't fit

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
edgeX MRNAUSDC−0.0168%4h173.60−0.141%$3K$245K10xas long as short
Aster MRNAUSDT0.0000%8h173.50−0.194%$29K$81K20xas long as short
Binance MRNAUSDTlong0.0000%8h173.84long leg$2.2M$11.4M20x
Bybit MRNAUSDT0.0000%8h173.91+0.039%$944K$1.0M25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h173.97+0.074%$1.4M$5.2M20xas long as short
QFEX MRNA-USD0.0000%1h173.92+0.045%$1.1M$2.7M10xas long as short
Gate MRNA_USDT0.0000%8h173.85+0.005%$877K$1.1M20xas long as short
Bitget MRNAUSDT0.0000%8h173.73−0.064%$2.6M$10.4M20xas long as short
Variational Omni MRNA0.0000%8h173.43−0.238%$49K$89K—as long as short
HTX MRNA-USDT0.0000%8h173.89+0.027%$12K$428K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MRNAUSDTshort0.0000%8h173.87+0.016%$1.6M$647K20x
BloFin MRNA-USDT+0.0007%8h173.52−0.185%$44K$29K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.756%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.41−0.248%$2K$65K10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.34−0.289%$43K$38K5xas long as short
Phoenix MRNA+0.0231%1h173.40−0.254%$5K$193K10xas long as short
tradeXYZ xyz:MRNA+0.0267%1h173.77−0.041%$2.6M$4.2M10xas long as short
Extended MRNA-USD+0.0296%1h173.94+0.057%$32K$32K10xas long as short
GRVT MRNA_USDT_Perp+0.0360%8h173.23−0.351%$440$163K10xas long as short
SoDEX MRNA-USD+0.0889%1h173.65−0.110%$40K$66K10xas long as short
Lighter MRNA+0.1152%1h173.65−0.110%$123K$1.0M10xas long as short