Settings8H · net · $10k
Funding arb · Price arb /

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: QFEX against HTX−0.137%7-day average −0.270% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2322.324% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.137%, 7d avg −0.270%
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: QFEX is 0.133% dearer against HTX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.270%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX MRNA-USDT173.340get 0.0000% / 8h3h 05m$14K$430K20x
ShortQFEX MRNA-USD173.100get 0.0000% / 1h5m 59s$1.1M$2.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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

Funding earned
$0
Price spread: −0.137% → −0.270%
$13.31
Slippage, 4 orders
−$210.4
Fee HTX: 6 bp × 2 orders
−$12
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$219.09
Costs to cover
2.324%
Break-even
never at this rate
Slippage from HTX: live order book, 47 min ago; QFEX: live order book, 7 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 HTX live order book, 47 min ago7.20 bp160.4 bp −$160doesn't fitdoesn't fitdoesn't fit
Sell QFEX live order book, 7 min ago2.30 bp10.7 bp −$1118.8 bp −$188doesn'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
edgeX MRNAUSDC−0.0877%4h173.40+0.038%$3K$247K10xas long as short
BloFin MRNA-USDT−0.0018%8h173.27−0.039%$45K$29K20xas long as short
Aster MRNAUSDT0.0000%8h173.20−0.078%$28K$82K20xas long as short
Binance MRNAUSDT0.0000%8h173.32−0.010%$2.2M$11.3M20xas long as short
Bybit MRNAUSDT0.0000%8h173.39+0.031%$942K$620K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h173.18−0.091%$1.3M$5.3M20xas long as short
QFEX MRNA-USDshort0.0000%1h173.10−0.137%$1.1M$2.6M10x
Gate MRNA_USDT0.0000%8h173.17−0.096%$865K$1.0M20xas long as short
Bitget MRNAUSDT0.0000%8h173.26−0.044%$2.7M$10.5M20xas long as short
Variational Omni MRNA0.0000%8h173.26−0.042%$55K$96Kas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT MRNA_USDT_Perp0.0000%8h173.49+0.090%$269$149K10xas long as short
HTX MRNA-USDTlong0.0000%8h173.34long leg$14K$430K20x
Phemex MRNAUSDT0.0000%8h173.31−0.016%$1.6M$646K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.490%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.26−0.044%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h173.16−0.104%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h173.17−0.096%$2.7M$4.5M10xas long as short
Ondo Perps MRNA-USD.P+0.0050%1h173.50+0.094%$43K$35K5xas long as short
SoDEX MRNA-USD+0.0116%1h173.23−0.062%$40K$56K10xas long as short
Phoenix MRNA+0.0277%1h173.45+0.065%$5K$191K10xas long as short
Lighter MRNA+0.0280%1h173.45+0.065%$157K$1.1M10xas long as short