Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.042%

Price spread now: HTX against Extended+0.047%7-day average — · you sell dearer than you buy

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

Long on Extended Short on HTX

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

The price spread pays, funding is against you. HTX is 0.047% dearer against Extended than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MRNA-USD	173.68	0.0096	pay 0.0012% / 1h	50m 20s	$32K	$32K	10x
Short	HTX MRNA-USDT	173.76	0	get 0.0000% / 8h	5h 50m	$13K	$430K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$20.16
Price spread: +0.047% → 0.000%: $4.71
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.45
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; HTX: live order book, 13 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell HTX live order book, 13 min ago	27.52 bp	49.9 bp −$50	doesn't fit	doesn't fit	doesn't fit

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 20 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
Aster MRNAUSDT	0.0000%	8h	173.69	+0.004%	$28K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.81	+0.076%	$944K	$662K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.75	+0.041%	$1.3M	$5.3M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.48	−0.114%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.61	−0.039%	$865K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.69	+0.007%	$2.7M	$10.5M	20x	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.69	+0.007%	$313	$150K	10x	as long as short
HTX MRNA-USDTshort	0.0000%	8h	173.76	+0.047%	$13K	$430K	20x
Phemex MRNAUSDT	0.0000%	8h	173.78	+0.059%	$1.6M	$644K	20x	as long as short
Variational Omni MRNA	+0.0029%	8h	173.70	+0.013%	$49K	$89K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.670%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.51	−0.097%	$2K	$64K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.46	−0.126%	$43K	$35K	5x	as long as short
Binance MRNAUSDT	+0.0077%	8h	173.79	+0.064%	$2.1M	$11.3M	20x	as long as short
Extended MRNA-USDlong	+0.0096%	1h	173.68	long leg	$32K	$32K	10x
tradeXYZ xyz:MRNA	+0.0101%	1h	173.69	+0.007%	$2.6M	$4.4M	10x	as long as short
Phoenix MRNA	+0.0185%	1h	173.14	−0.310%	$5K	$189K	10x	as long as short
edgeX MRNAUSDC	+0.0344%	4h	173.72	+0.024%	$3K	$244K	10x	as long as short
SoDEX MRNA-USD	+0.0811%	1h	173.73	+0.030%	$40K	$56K	10x	as long as short
Lighter MRNA	+0.1544%	1h	173.66	−0.011%	$104K	$1.1M	10x	as long as short