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 0.000%

Price spread now: Bybit against HTX+0.183%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$299as in the Funding arb table

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2992.988% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.314%−$31 · spread now +0.183%, 7d avg −0.048%

Together, before fees−0.314%−$31 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: Bybit is 0.231% dearer against HTX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRNA-USDT	173.11	0	get 0.0000% / 8h	7h 51m	$12K	$429K	20x
Short	Bybit MRNAUSDT	173.43	0	get 0.0000% / 8h	7h 51m	$941K	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.183%Rate

Funding earned: $0
Price spread: +0.183% → −0.048%: $23.13
Slippage, 4 orders: −$275.77
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$275.65
Costs to cover: 2.988%
Break-even: never at this rate

Slippage from HTX: live order book, 22 min ago; Bybit: live order book, 4 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, 22 min ago	12.62 bp	150.0 bp −$150	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.62 bp	48.3 bp −$48	770.8 bp −$7,708	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
Aster MRNAUSDT	0.0000%	8h	173.22	+0.059%	$29K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	173.45	+0.195%	$2.2M	$11.4M	20x	as long as short
Bybit MRNAUSDTshort	0.0000%	8h	173.43	+0.183%	$941K	$1.0M	25x
OKX MRNA-USDT-SWAP	0.0000%	8h	173.35	+0.137%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.32	+0.120%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.24	+0.073%	$873K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.25	+0.079%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.43	+0.182%	$49K	$89K	—	as long as short
HTX MRNA-USDTlong	0.0000%	8h	173.11	long leg	$12K	$429K	20x
Phemex MRNAUSDT	0.0000%	8h	173.40	+0.166%	$1.6M	$647K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRNA-USDT	+0.0009%	8h	173.44	+0.189%	$44K	$29K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.372%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.15	+0.021%	$2K	$65K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.22	+0.062%	$43K	$38K	5x	as long as short
edgeX MRNAUSDC	+0.0188%	4h	173.28	+0.095%	$3K	$244K	10x	as long as short
Phoenix MRNA	+0.0231%	1h	173.22	+0.062%	$5K	$193K	10x	as long as short
GRVT MRNA_USDT_Perp	+0.0360%	8h	173.23	+0.069%	$440	$163K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0423%	1h	173.35	+0.137%	$2.6M	$4.2M	10x	as long as short
Extended MRNA-USD	+0.0448%	1h	173.34	+0.131%	$32K	$32K	10x	as long as short
SoDEX MRNA-USD	+0.0687%	1h	173.36	+0.143%	$40K	$66K	10x	as long as short
Lighter MRNA	+0.0880%	1h	173.36	+0.143%	$123K	$1.0M	10x	as long as short