Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: Arcus against OKX+0.017%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 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: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRNA-USDT-SWAP	173.83	0	get 0.0000% / 8h	3h 13m	$1.3M	$5.2M	20x
Short	Arcus MRNA-USD	173.86	0.0040	get 0.0005% / 1h	13m 34s	$2K	$65K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now +0.017%Rate

Funding earned: $8.46
Price spread: +0.017% → 0.000%: $1.73
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$4.32
Costs to cover: 0.145%
Break-even: 10.6 days

Slippage unknown: OKX: live order book, 4 min ago; Arcus: 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 OKX live order book, 4 min ago	5.18 bp	15.1 bp −$15	102.1 bp −$1,021	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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
Aster MRNAUSDT	0.0000%	8h	173.91	+0.044%	$28K	$82K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	174.02	+0.109%	$2.2M	$11.3M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.96	+0.075%	$948K	$614K	25x	as long as short
OKX MRNA-USDT-SWAPlong	0.0000%	8h	173.83	long leg	$1.3M	$5.2M	20x
QFEX MRNA-USD	0.0000%	1h	173.80	−0.017%	$1.1M	$2.6M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.94	+0.063%	$869K	$999K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.91	+0.046%	$2.8M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	174.09	+0.149%	$56K	$96K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.97	+0.081%	$270	$149K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.95	+0.070%	$14K	$429K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MRNAUSDT	0.0000%	8h	174.01	+0.104%	$1.6M	$644K	20x	as long as short
BloFin MRNA-USDT	+0.0026%	8h	174.01	+0.104%	$45K	$29K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.750%	$18K	$8K	12x	as long as short
Arcus MRNA-USDshort	+0.0040%	1h	173.86	+0.017%	$2K	$65K	10x
Extended MRNA-USD	+0.0048%	1h	173.70	−0.076%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	173.83	0.000%	$2.7M	$4.5M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.68	−0.086%	$43K	$35K	5x	as long as short
SoDEX MRNA-USD	+0.0186%	1h	173.91	+0.046%	$40K	$56K	10x	as long as short
Phoenix MRNA	+0.0277%	1h	173.88	+0.029%	$5K	$191K	10x	as long as short
edgeX MRNAUSDC	+0.0343%	4h	174.04	+0.120%	$3K	$248K	10x	as long as short
Lighter MRNA	+0.0536%	1h	174.12	+0.167%	$158K	$1.1M	10x	as long as short