Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.064%

Price spread now: SoDEX against Gate+0.012%7-day average — · you sell dearer than you buy

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

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MRNA_USDT	172.44	0	get 0.0000% / 8h	1h 39m	$861K	$994K	20x
Short	SoDEX MRNA-USD	172.46	0.0050	get 0.0006% / 1h	39m 35s	$40K	$56K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $10.5
Price spread: +0.012% → 0.000%: $1.16
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$11.34
Costs to cover: 0.230%
Break-even: 14.6 days

Slippage unknown: Gate: live order book, 2 min ago; SoDEX: 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 Gate live order book, 2 min ago	19.14 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Lighter MRNA	−0.0136%	1h	172.66	+0.128%	$156K	$1.2M	10x	as long as short
BloFin MRNA-USDT	−0.0024%	8h	172.60	+0.093%	$45K	$29K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.47	+0.019%	$26K	$83K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.49	+0.027%	$2.1M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.45	+0.006%	$937K	$621K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.36	−0.046%	$1.3M	$5.4M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.40	−0.023%	$1.1M	$2.5M	10x	as long as short
Gate MRNA_USDTlong	0.0000%	8h	172.44	long leg	$861K	$994K	20x
Bitget MRNAUSDT	0.0000%	8h	172.48	+0.023%	$2.6M	$10.6M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.49	+0.032%	$56K	$94K	—	as long as short

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	172.55	+0.064%	$550	$147K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	172.50	+0.035%	$13K	$431K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.56	+0.070%	$1.6M	$654K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.014%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.37	−0.041%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	172.34	−0.055%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.36	−0.046%	$2.5M	$4.5M	10x	as long as short
SoDEX MRNA-USDshort	+0.0050%	1h	172.46	+0.012%	$40K	$56K	10x
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.29	−0.087%	$43K	$35K	5x	as long as short
edgeX MRNAUSDC	+0.0104%	4h	172.50	+0.036%	$3K	$248K	10x	as long as short
Phoenix MRNA	+0.0232%	1h	172.50	+0.035%	$5K	$191K	10x	as long as short