Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: Aster against Bitget−0.040%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Aster

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: Aster is 0.040% cheaper against Bitget than usual: you would sell low and buy high, −$4 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	Bitget MRNAUSDT	173.42	0	get 0.0000% / 8h	7h 29m	$2.6M	$10.5M	20x
Short	Aster MRNAUSDT	173.35	0	get 0.0000% / 8h	7h 29m	$29K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → 0.000%: −$3.95
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.95
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Aster: 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 Bitget live order book, 4 min ago	4.60 bp	11.8 bp −$12	17.0 bp −$170	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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
edgeX MRNAUSDC	−0.0283%	4h	174.11	+0.400%	$3K	$245K	10x	as long as short
Aster MRNAUSDTshort	0.0000%	8h	173.35	−0.040%	$29K	$81K	20x
Bybit MRNAUSDT	0.0000%	8h	173.63	+0.121%	$942K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.54	+0.069%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.42	0.000%	$1.1M	$2.7M	10x	as long as short
Bitget MRNAUSDTlong	0.0000%	8h	173.42	long leg	$2.6M	$10.5M	20x
HTX MRNA-USDT	0.0000%	8h	173.21	−0.122%	$12K	$429K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	173.49	+0.040%	$1.6M	$647K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.534%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.78	+0.208%	$2K	$65K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MRNA-USD	+0.0048%	1h	173.51	+0.052%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	173.60	+0.104%	$2.7M	$4.3M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.55	+0.075%	$43K	$39K	5x	as long as short
Gate MRNA_USDT	+0.0092%	8h	173.51	+0.052%	$871K	$1.1M	20x	as long as short
Variational Omni MRNA	+0.0099%	8h	173.60	+0.106%	$49K	$89K	—	as long as short
BloFin MRNA-USDT	+0.0130%	8h	173.85	+0.248%	$44K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0159%	8h	173.48	+0.035%	$2.2M	$11.4M	20x	as long as short
Phoenix MRNA	+0.0231%	1h	173.85	+0.248%	$5K	$193K	10x	as long as short
SoDEX MRNA-USD	+0.1455%	1h	173.46	+0.023%	$40K	$66K	10x	as long as short
Lighter MRNA	+0.1672%	1h	173.78	+0.208%	$123K	$1.0M	10x	as long as short
GRVT MRNA_USDT_Perp	+0.2606%	8h	174.03	+0.350%	$289	$159K	10x	as long as short