Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0072%/8h= +7.8% APRpaid last 24h +0.007%

Price spread now: Extended against BloFin−0.111%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.111% cheaper against BloFin than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 5.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MRNA-USDT	172.60	−0.0024	get 0.0024% / 8h	1h 40m	$45K	$29K	20x
Short	Extended MRNA-USD	172.41	0.0048	get 0.0006% / 1h	40m 27s	$32K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.111%Rate

Funding earned: $15.05
Price spread: −0.111% → 0.000%: −$11.05
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$13.01
Costs to cover: 0.170%
Break-even: 13.1 days

Slippage unknown: BloFin: no order-book sample; 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 BloFin no order-book sample	—	—	—	—	—
Sell Extended no order-book sample	—	—	—	—	—

BloFin and 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	−0.0993%	4h	172.51	−0.055%	$3K	$250K	10x	as long as short
Lighter MRNA	−0.0152%	1h	172.70	+0.058%	$156K	$1.2M	10x	as long as short
BloFin MRNA-USDTlong	−0.0024%	8h	172.60	long leg	$45K	$29K	20x
Aster MRNAUSDT	0.0000%	8h	172.52	−0.046%	$26K	$83K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.51	−0.052%	$2.1M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.51	−0.052%	$937K	$621K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.41	−0.110%	$1.3M	$5.4M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.40	−0.116%	$1.1M	$2.5M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.46	−0.081%	$861K	$994K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.48	−0.070%	$2.6M	$10.6M	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRNA	0.0000%	8h	172.49	−0.061%	$56K	$94K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.55	−0.029%	$550	$147K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	172.55	−0.027%	$13K	$431K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.56	−0.023%	$1.6M	$654K	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	172.37	−0.133%	$2K	$65K	10x	as long as short
Extended MRNA-USDshort	+0.0048%	1h	172.41	−0.111%	$32K	$32K	10x
tradeXYZ xyz:MRNA	+0.0050%	1h	172.38	−0.127%	$2.5M	$4.6M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.23	−0.214%	$43K	$35K	5x	as long as short
SoDEX MRNA-USD	+0.0062%	1h	172.44	−0.093%	$40K	$56K	10x	as long as short
Phoenix MRNA	+0.0232%	1h	172.50	−0.058%	$5K	$191K	10x	as long as short