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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment $0.20 per $10,000 · paid last 24h −0.009%
Price spread now: Gate against BloFin−0.052%93s7-day average · you buy dearer than you sell
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 5 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.052% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MRNA-USDT174.050.0020pay 0.0020% / 8h3h 15m$45K$29K20x
ShortGate MRNA_USDT173.960get 0.0000% / 8h3h 15m$869K$999K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
−$4.14
Price spread: −0.052% → 0.000%
−$5.17
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$36.32
Costs to cover
0.270%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; Gate: live order book, 36 min ago. 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 BloFin no order-book sample
Sell Gate live order book, 36 min ago12.08 bp22.7 bp −$231353.2 bp −$13.5Kdoesn't fitdoesn't fit
BloFin: 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
Aster MRNAUSDT0.0000%8h173.89−0.094%$28K$82K20xas long as short
Binance MRNAUSDT0.0000%8h174.07+0.011%$2.2M$11.3M20xas long as short
Bybit MRNAUSDT0.0000%8h174.01−0.023%$949K$614K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h173.94−0.063%$1.3M$5.3M20xas long as short
QFEX MRNA-USD0.0000%1h173.86−0.109%$1.1M$2.6M10xas long as short
Gate MRNA_USDTshort0.0000%8h173.96−0.052%$869K$999K20x
Bitget MRNAUSDT0.0000%8h173.99−0.034%$2.8M$10.4M20xas long as short
Variational Omni MRNA0.0000%8h174.09+0.023%$56K$96Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h174.01−0.021%$270$149K10xas long as short
HTX MRNA-USDT0.0000%8h173.93−0.069%$13K$429K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MRNAUSDT0.0000%8h174.03−0.011%$1.6M$644K20xas long as short
BloFin MRNA-USDTlong+0.0020%8h174.05long leg$45K$29K20x
Injective MRNA/USDC PERP+0.0033%1h158.62−8.865%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.89−0.092%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h173.84−0.121%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h173.86−0.109%$2.7M$4.5M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.94−0.063%$43K$35K5xas long as short
SoDEX MRNA-USD+0.0168%1h173.96−0.052%$40K$56K10xas long as short
Phoenix MRNA+0.0277%1h173.88−0.098%$5K$191K10xas long as short
edgeX MRNAUSDC+0.0513%4h173.98−0.039%$3K$248K10xas long as short
Lighter MRNA+0.0576%1h174.16+0.063%$158K$1.1M10xas long as short