Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: Bitget against HTX−0.066%46s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$193as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2001.997% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now −0.066%, 7d avg −0.028%

Together, before fees+0.012%+$1 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: Bitget is 0.038% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.028%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRNA-USDT	172.50	0	get 0.0000% / 8h	1h 03m	$12K	$430K	20x
Short	Bitget MRNAUSDT	172.39	0	get 0.0000% / 8h	1h 03m	$2.6M	$10.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.028%: −$3.82
Slippage, 4 orders: −$175.66
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$203.48
Costs to cover: 1.997%
Break-even: never at this rate

Slippage from HTX: live order book, 15 min ago; Bitget: live order book, 10 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 HTX live order book, 15 min ago	15.43 bp	130.7 bp −$131	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 10 min ago	3.48 bp	11.9 bp −$12	17.4 bp −$174	doesn't fit	doesn't fit

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	−0.0648%	4h	172.52	+0.008%	$3K	$244K	10x	as long as short
BloFin MRNA-USDT	−0.0006%	8h	172.58	+0.044%	$44K	$29K	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.40	−0.060%	$1.1M	$2.7M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.36	−0.081%	$29K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.52	+0.009%	$2.2M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.45	−0.031%	$932K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.43	−0.043%	$1.4M	$4.9M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.39	−0.066%	$878K	$1.1M	20x	as long as short
Bitget MRNAUSDTshort	0.0000%	8h	172.39	−0.066%	$2.6M	$10.4M	20x
Variational Omni MRNA	0.0000%	8h	172.47	−0.019%	$49K	$89K	—	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	172.51	+0.004%	$499	$167K	10x	as long as short
HTX MRNA-USDTlong	0.0000%	8h	172.50	long leg	$12K	$430K	20x
Phemex MRNAUSDT	0.0000%	8h	172.50	−0.002%	$1.6M	$646K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.049%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.32	−0.107%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	172.35	−0.089%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.55	+0.027%	$2.6M	$4.2M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.41	−0.054%	$43K	$39K	5x	as long as short
Lighter MRNA	+0.0088%	1h	172.48	−0.014%	$124K	$1.0M	10x	as long as short
SoDEX MRNA-USD	+0.0142%	1h	172.44	−0.037%	$40K	$66K	10x	as long as short
Phoenix MRNA	+0.0324%	1h	172.45	−0.031%	$5K	$192K	10x	as long as short