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+0.0334%/8h= +36.6% APRpaid last 24h +0.069%
Price spread now: SoDEX against Bitget+0.035%7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and SoDEX is 0.035% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MRNAUSDT173.760get 0.0000% / 8h4h 36m$2.8M$10.5M20x
ShortSoDEX MRNA-USD173.820.0334get 0.0042% / 1h36m 31s$40K$56K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$70.21
Price spread: +0.035% → 0.000%
$3.45
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$53.67
Costs to cover
0.200%
Break-even
1.6 days
Slippage unknown: Bitget: live order book, 2 min ago; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago3.74 bp12.9 bp −$1328.4 bp −$284doesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: 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
edgeX MRNAUSDC−0.0337%4h173.89+0.074%$3K$245K10xas long as short
Aster MRNAUSDT0.0000%8h173.84+0.045%$28K$82K20xas long as short
Bybit MRNAUSDT0.0000%8h173.91+0.086%$947K$615K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h173.65−0.063%$1.3M$5.2M20xas long as short
QFEX MRNA-USD0.0000%1h173.62−0.081%$1.1M$2.7M10xas long as short
Gate MRNA_USDT0.0000%8h173.83+0.040%$869K$998K20xas long as short
Bitget MRNAUSDTlong0.0000%8h173.76long leg$2.8M$10.5M20x
Variational Omni MRNA0.0000%8h173.91+0.088%$49K$89Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h173.88+0.070%$490$146K10xas long as short
HTX MRNA-USDT0.0000%8h173.75−0.009%$13K$433K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MRNAUSDT0.0000%8h173.88+0.069%$1.6M$640K20xas long as short
BloFin MRNA-USDT+0.0015%8h173.87+0.063%$45K$29K20xas long as short
Binance MRNAUSDT+0.0024%8h173.85+0.050%$2.2M$11.2M20xas long as short
Lighter MRNA+0.0032%1h173.93+0.098%$158K$1.1M10xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.713%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.72−0.023%$2K$63K10xas long as short
Extended MRNA-USD+0.0048%1h173.75−0.003%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h173.760.000%$2.6M$4.4M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.760.000%$43K$35K5xas long as short
Phoenix MRNA+0.0230%1h173.84+0.046%$5K$191K10xas long as short
SoDEX MRNA-USDshort+0.0334%1h173.82+0.035%$40K$56K10x