Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.023%

Price spread now: Variational Omni against Extended+0.195%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.195% dearer against Extended than usual: you sell high and buy low (spread +0.195% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MRNA-USD	173.83	0.0048	pay 0.0006% / 1h	18m 29s	$32K	$32K	10x
Short	Variational Omni MRNA	174.17	0	get 0.0000% / 8h	3h 18m	$56K	$96K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.195%Rate

Funding earned: −$10.08
Price spread: +0.195% → 0.000%: $19.53
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $4.45
Costs to cover: 0.050%
Break-even: from the start

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

Extended and Variational Omni: 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	−0.0517%	4h	174.17	+0.198%	$3K	$247K	10x	as long as short
BloFin MRNA-USDT	−0.0006%	8h	174.35	+0.299%	$45K	$29K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	173.87	+0.020%	$28K	$82K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	173.95	+0.069%	$2.2M	$11.3M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.88	+0.029%	$948K	$615K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.80	−0.017%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.90	+0.040%	$1.1M	$2.6M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	174.00	+0.098%	$870K	$999K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.90	+0.040%	$2.8M	$10.4M	20x	as long as short
Variational Omni MRNAshort	0.0000%	8h	174.17	+0.195%	$56K	$96K	—

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRNA_USDT_Perp	0.0000%	8h	174.21	+0.217%	$660	$149K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.74	−0.052%	$13K	$430K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	174.17	+0.196%	$1.6M	$643K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.750%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	174.00	+0.098%	$2K	$65K	10x	as long as short
Extended MRNA-USDlong	+0.0048%	1h	173.83	long leg	$32K	$32K	10x
tradeXYZ xyz:MRNA	+0.0050%	1h	173.80	−0.017%	$2.7M	$4.5M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.94	+0.063%	$43K	$35K	5x	as long as short
SoDEX MRNA-USD	+0.0183%	1h	174.09	+0.150%	$40K	$56K	10x	as long as short
Phoenix MRNA	+0.0277%	1h	174.10	+0.155%	$5K	$191K	10x	as long as short
Lighter MRNA	+0.0656%	1h	174.26	+0.247%	$158K	$1.1M	10x	as long as short