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

MRNA

RWAall MRNA markets
SwapBacktest
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 +0.029%
Price spread now: Binance against Bybit+0.052%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1621.615% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 4 days (all we have)+0.096%+$10 · spread now +0.052%, 7d avg +0.046%
Together, before fees+0.125%+$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MRNAUSDT173.650get 0.0000% / 8h58m 02s$943K$607K25x
ShortBinance MRNAUSDT173.740get 0.0000% / 8h58m 02s$2.1M$11.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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
$0
Price spread: +0.052% → +0.046%
$0.56
Slippage, 4 orders
−$140.53
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$160.97
Costs to cover
1.615%
Break-even
never at this rate
Slippage from Bybit: live order book, 7 min ago; Binance: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 7 min ago6.05 bp97.6 bp −$98632.7 bp −$6,327doesn't fitdoesn't fit
Sell Binance live order book, 12 min ago1.44 bp16.9 bp −$1768.9 bp −$689doesn't fitdoesn't fit

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
BloFin MRNA-USDT−0.0017%8h173.50−0.086%$45K$30K20xas long as short
Aster MRNAUSDT0.0000%8h173.650.000%$27K$83K20xas long as short
Binance MRNAUSDTshort0.0000%8h173.74+0.052%$2.1M$11.3M20x
Bybit MRNAUSDTlong0.0000%8h173.65long leg$943K$607K25x
OKX MRNA-USDT-SWAP0.0000%8h173.58−0.040%$1.3M$5.5M20xas long as short
QFEX MRNA-USD0.0000%1h173.60−0.029%$1.1M$2.5M10xas long as short
Gate MRNA_USDT0.0000%8h173.59−0.035%$867K$966K20xas long as short
Bitget MRNAUSDT0.0000%8h173.48−0.098%$2.7M$10.6M20xas long as short
Variational Omni MRNA0.0000%8h173.74+0.054%$58K$96Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h173.77+0.069%$445$144K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MRNA-USDT0.0000%8h173.35−0.172%$13K$430K20xas long as short
Phemex MRNAUSDT0.0000%8h173.71+0.035%$1.6M$645K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.655%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.19−0.265%$2K$65K10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.32−0.190%$43K$35K5xas long as short
Extended MRNA-USD+0.0072%1h173.55−0.057%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0156%1h173.60−0.029%$2.6M$4.5M10xas long as short
SoDEX MRNA-USD+0.0218%1h173.64−0.006%$40K$57K10xas long as short
Phoenix MRNA+0.0232%1h173.93+0.161%$5K$191K10xas long as short
edgeX MRNAUSDC+0.0285%4h173.75+0.057%$3K$250K10xas long as short
Lighter MRNA+0.0704%1h173.88+0.132%$156K$1.2M10xas long as short