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 0.000%
Price spread now: HTX against Bybit−0.025%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$310as in the Funding arb table
Net, price: spread back to 7d avg − costs−$317as in the Price arb table
costs, in and out, $10k−$3103.100% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.025%, 7d avg +0.046%
Together, before fees+0.183%+$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.071% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MRNAUSDT173.330get 0.0000% / 8h3h 03m$942K$620K25x
ShortHTX MRNA-USDT173.290get 0.0000% / 8h3h 03m$14K$430K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: −0.025% → +0.046%
−$7.14
Slippage, 4 orders
−$286.98
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee HTX: 6 bp × 2 orders
−$12
Net
−$317.12
Costs to cover
3.100%
Break-even
never at this rate
Slippage from Bybit: live order book, 11 min ago; HTX: live order book, 49 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, 11 min ago6.04 bp54.0 bp −$54658.0 bp −$6,580doesn't fitdoesn't fit
Sell HTX live order book, 49 min ago7.20 bp51.6 bp −$52doesn't fitdoesn'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
edgeX MRNAUSDC−0.0877%4h173.40+0.042%$3K$247K10xas long as short
Aster MRNAUSDT0.0000%8h173.18−0.085%$28K$82K20xas long as short
Binance MRNAUSDT0.0000%8h173.37+0.023%$2.2M$11.3M20xas long as short
Bybit MRNAUSDTlong0.0000%8h173.33long leg$942K$620K25x
OKX MRNA-USDT-SWAP0.0000%8h173.25−0.046%$1.3M$5.3M20xas long as short
QFEX MRNA-USD0.0000%1h173.15−0.104%$1.1M$2.6M10xas long as short
Gate MRNA_USDT0.0000%8h173.19−0.081%$865K$1.0M20xas long as short
Bitget MRNAUSDT0.0000%8h173.330.000%$2.7M$10.5M20xas long as short
Variational Omni MRNA0.0000%8h173.26−0.038%$55K$96Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h173.25−0.048%$258$148K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MRNA-USDTshort0.0000%8h173.29−0.025%$14K$430K20x
Phemex MRNAUSDT0.0000%8h173.37+0.023%$1.6M$647K20xas long as short
BloFin MRNA-USDT+0.0004%8h173.31−0.012%$45K$29K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.487%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.17−0.092%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h173.13−0.118%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h173.17−0.092%$2.7M$4.5M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.20−0.075%$43K$35K5xas long as short
SoDEX MRNA-USD+0.0115%1h173.26−0.040%$40K$56K10xas long as short
Lighter MRNA+0.0160%1h173.45+0.069%$157K$1.1M10xas long as short
Phoenix MRNA+0.0277%1h173.45+0.069%$5K$191K10xas long as short