Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

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 −0.017%

Price spread now: HTX against Gate+0.126%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$256as in the Funding arb table

Net, price: spread back to 7d avg − costs−$239as in the Price arb table

costs, in and out, $10k−$2462.460% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.126%, 7d avg +0.060%

Together, before fees−0.147%−$15 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 0.066% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MRNA_USDT	173.64	0	get 0.0000% / 8h	5h 48m	$865K	$1.0M	20x
Short	HTX MRNA-USDT	173.86	0	get 0.0000% / 8h	5h 48m	$13K	$430K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now +0.126%Rate

Funding earned: $0
Price spread: +0.126% → +0.060%: $6.57
Slippage, 4 orders: −$219.04
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$239.47
Costs to cover: 2.460%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; HTX: live order book, 15 min ago.

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 Gate live order book, 4 min ago	15.84 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 15 min ago	27.52 bp	49.9 bp −$50	doesn't fit	doesn't fit	doesn't fit

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	173.73	+0.049%	$28K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.82	+0.104%	$944K	$662K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.81	+0.098%	$1.3M	$5.3M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.59	−0.029%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDTlong	0.0000%	8h	173.64	long leg	$865K	$1.0M	20x
Bitget MRNAUSDT	0.0000%	8h	173.70	+0.035%	$2.7M	$10.5M	20x	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.75	+0.063%	$306	$149K	10x	as long as short
HTX MRNA-USDTshort	0.0000%	8h	173.86	+0.126%	$13K	$430K	20x
Phemex MRNAUSDT	0.0000%	8h	173.79	+0.086%	$1.6M	$641K	20x	as long as short
Variational Omni MRNA	+0.0029%	8h	173.70	+0.035%	$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	−8.650%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.58	−0.035%	$2K	$64K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.46	−0.104%	$43K	$35K	5x	as long as short
Binance MRNAUSDT	+0.0075%	8h	173.84	+0.113%	$2.1M	$11.3M	20x	as long as short
Extended MRNA-USD	+0.0104%	1h	173.67	+0.015%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0108%	1h	173.68	+0.023%	$2.6M	$4.4M	10x	as long as short
Phoenix MRNA	+0.0185%	1h	173.14	−0.288%	$5K	$189K	10x	as long as short
edgeX MRNAUSDC	+0.0344%	4h	173.72	+0.046%	$3K	$244K	10x	as long as short
SoDEX MRNA-USD	+0.0688%	1h	173.77	+0.075%	$40K	$56K	10x	as long as short
Lighter MRNA	+0.1840%	1h	173.74	+0.058%	$104K	$1.1M	10x	as long as short