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 −0.017%
Price spread now: Phemex against Gate+0.058%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1391.389% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.096%−$10 on $10k
Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.058%, 7d avg +0.054%
Together, before fees−0.057%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MRNA_USDT172.510get 0.0000% / 8h2h 10m$862K$999K20x
ShortPhemex MRNAUSDT172.610get 0.0000% / 8h2h 10m$1.6M$654K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$0
Price spread: +0.058% → +0.054%
$0.44
Slippage, 4 orders
−$111.95
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$138.5
Costs to cover
1.389%
Break-even
never at this rate
Slippage from Gate: live order book, 36 min ago; Phemex: live order book, 2 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 Gate live order book, 36 min ago17.05 bp33.1 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago6.08 bp41.3 bp −$41doesn'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
Lighter MRNA−0.1160%1h172.69+0.104%$156K$1.2M10xas long as short
Aster MRNAUSDT0.0000%8h172.57+0.034%$26K$83K20xas long as short
Binance MRNAUSDT0.0000%8h172.63+0.067%$2.1M$11.4M20xas long as short
Bybit MRNAUSDT0.0000%8h172.55+0.023%$937K$621K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h172.54+0.017%$1.3M$5.4M20xas long as short
Gate MRNA_USDTlong0.0000%8h172.51long leg$862K$999K20x
Bitget MRNAUSDT0.0000%8h172.59+0.046%$2.6M$10.5M20xas long as short
Variational Omni MRNA0.0000%8h172.33−0.106%$56K$96Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h172.24−0.157%$2$148K10xas long as short
HTX MRNA-USDT0.0000%8h172.55+0.024%$13K$431K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MRNAUSDTshort0.0000%8h172.61+0.058%$1.6M$654K20x
QFEX MRNA-USD0.0000%1h172.36−0.087%$1.1M$2.5M10xas long as short
BloFin MRNA-USDT+0.0013%8h172.42−0.052%$45K$29K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.052%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h172.26−0.145%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h172.55+0.023%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h172.57+0.035%$2.5M$4.5M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h172.33−0.104%$43K$35K5xas long as short
Phoenix MRNA+0.0185%1h172.18−0.191%$5K$191K10xas long as short
SoDEX MRNA-USD+0.0187%1h172.52+0.006%$40K$56K10xas long as short
edgeX MRNAUSDC+0.0591%4h172.44−0.042%$3K$247K10xas long as short