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 +0.017%

Price spread now: Variational Omni against HTX+0.025%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.025% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRNA-USDT	172.75	0	get 0.0000% / 8h	1h 46m	$12K	$430K	20x
Short	Variational Omni MRNA	172.79	0	get 0.0000% / 8h	1h 46m	$49K	$98K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → 0.000%: $2.51
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.49
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 37 min ago; Variational Omni: 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 HTX live order book, 37 min ago	16.31 bp	169.1 bp −$169	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
edgeX MRNAUSDC	−0.0149%	4h	172.80	+0.032%	$3K	$243K	10x	as long as short
BloFin MRNA-USDT	−0.0022%	8h	172.97	+0.129%	$44K	$29K	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.58	−0.097%	$1.1M	$2.6M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.73	−0.008%	$29K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.73	−0.010%	$2.2M	$11.3M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.73	−0.010%	$935K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.69	−0.033%	$1.4M	$4.9M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.66	−0.050%	$881K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.59	−0.091%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNAshort	0.0000%	8h	172.79	+0.025%	$49K	$98K	—

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	172.84	+0.054%	$785	$169K	10x	as long as short
HTX MRNA-USDTlong	0.0000%	8h	172.75	long leg	$12K	$430K	20x
Phemex MRNAUSDT	0.0000%	8h	172.76	+0.008%	$1.6M	$637K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.178%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.57	−0.102%	$2K	$65K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.58	−0.097%	$43K	$39K	5x	as long as short
tradeXYZ xyz:MRNA	+0.0072%	1h	172.59	−0.091%	$2.6M	$4.2M	10x	as long as short
Extended MRNA-USD	+0.0080%	1h	172.57	−0.100%	$32K	$32K	10x	as long as short
Lighter MRNA	+0.0200%	1h	172.76	+0.008%	$124K	$1.0M	10x	as long as short
SoDEX MRNA-USD	+0.0247%	1h	172.70	−0.027%	$40K	$75K	10x	as long as short
Phoenix MRNA	+0.0324%	1h	172.78	+0.019%	$5K	$192K	10x	as long as short