MRNA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.006%

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	Bitget MRNAUSDT	174.82	0	get 0.0000% / 8h	5h 13m	$2.7M	$9.6M	20x
Short	Arcus MRNA-USD	174.83	0.0040	get 0.0005% / 1h	13m 15s	$1K	$64K	10x

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 BitgetbpFee ArcusbpOrdersClose when spread is

Spread captured: $0.57
Funding while held: $1.21
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$14.72
Spread needed to break even: 0.165%

Slippage unknown: Bitget: live order book, 2 min ago; Arcus: 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 Bitget live order book, 2 min ago	5.18 bp	12.6 bp −$13	16.7 bp −$167	219.1 bp −$21.9K	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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

HTX173.17+9.175%Variational Omni173.36+9.290%BloFin173.45+9.349%edgeX173.52+9.391%Phoenix173.96+9.671%Phemex174.02+9.709%Ondo Perps174.60+10.074%Lighter174.69+10.131%QFEX174.77+10.182%

Bitget174.82+10.213%

Extended174.83+10.219%tradeXYZ174.83+10.219%OKX174.83+10.219%

Arcus174.83+10.219%

Binance174.85+10.232%Aster174.86+10.240%SoDEX174.87+10.245%Gate174.92+10.276%Bybit175.05+10.358%

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	−9.267%	+0.0033%	1h	$18K	$8K	12x	as long as short
HTX MRNA-USDT	−0.942%	0.0000%	8h	$12K	$427K	20x	as long as short
Variational Omni MRNA	−0.837%	0.0000%	8h	$37K	$66K	—	as long as short
BloFin MRNA-USDT	−0.784%	−0.0010%	8h	$45K	$27K	20x	as long as short
edgeX MRNAUSDC	−0.746%	−0.0802%	4h	$3K	$235K	10x	as long as short
Phoenix MRNA	−0.492%	+0.0184%	1h	$5K	$165K	10x	as long as short
Phemex MRNAUSDT	−0.458%	0.0000%	8h	$1.6M	$579K	20x	as long as short
Ondo Perps MRNA-USD.P	−0.126%	+0.0050%	1h	$43K	$34K	5x	as long as short
Lighter MRNA	−0.074%	+0.0552%	1h	$159K	$956K	10x	as long as short
QFEX MRNA-USD	−0.029%	0.0000%	1h	$1.1M	$2.3M	10x	as long as short

Show all 20 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget MRNAUSDTlong	0.000%	0.0000%	8h	$2.7M	$9.6M	20x
Extended MRNA-USD	+0.005%	+0.0048%	1h	$48K	$16K	10x	as long as short
tradeXYZ xyz:MRNA	+0.006%	+0.0050%	1h	$2.6M	$3.6M	10x	as long as short
OKX MRNA-USDT-SWAP	+0.006%	0.0000%	8h	$1.4M	$4.7M	20x	as long as short
Arcus MRNA-USDshort	+0.006%	+0.0040%	1h	$1K	$64K	10x
Binance MRNAUSDT	+0.017%	0.0000%	8h	$2.3M	$10.5M	20x	as long as short
Aster MRNAUSDT	+0.024%	0.0000%	8h	$31K	$68K	20x	as long as short
SoDEX MRNA-USD	+0.029%	+0.0050%	1h	$87	$55K	10x	as long as short
Gate MRNA_USDT	+0.057%	0.0000%	8h	$886K	$1.1M	20x	as long as short
Bybit MRNAUSDT	+0.132%	0.0000%	8h	$984K	$974K	25x	as long as short