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: HTX against OKX+0.084%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$222as in the Price arb table

costs, in and out, $10k−$2252.247% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.136%+$14 · spread now +0.084%, 7d avg +0.059%

Together, before fees+0.136%+$14 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: HTX is 0.025% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRNA-USDT-SWAP	173.77	0	get 0.0000% / 8h	5h 25m	$1.3M	$5.3M	20x
Short	HTX MRNA-USDT	173.92	0	get 0.0000% / 8h	5h 25m	$14K	$434K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.059%: $2.54
Slippage, 4 orders: −$202.71
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$222.17
Costs to cover: 2.247%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; HTX: live order book, 38 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 OKX live order book, 3 min ago	0.29 bp	17.4 bp −$17	123.6 bp −$1,236	doesn't fit	doesn't fit
Sell HTX live order book, 38 min ago	27.52 bp	49.9 bp −$50	doesn't fit	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	−0.0739%	4h	173.86	+0.051%	$3K	$244K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	173.76	−0.004%	$28K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.81	+0.023%	$944K	$662K	25x	as long as short
OKX MRNA-USDT-SWAPlong	0.0000%	8h	173.77	long leg	$1.3M	$5.3M	20x
QFEX MRNA-USD	0.0000%	1h	173.74	−0.017%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.85	+0.046%	$869K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.72	−0.029%	$2.7M	$10.6M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.83	+0.037%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.92	+0.086%	$296	$148K	10x	as long as short
HTX MRNA-USDTshort	0.0000%	8h	173.92	+0.084%	$14K	$434K	20x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MRNAUSDT	0.0000%	8h	173.94	+0.098%	$1.6M	$640K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.718%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.75	−0.012%	$2K	$64K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.77	0.000%	$43K	$35K	5x	as long as short
BloFin MRNA-USDT	+0.0056%	8h	173.82	+0.029%	$45K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0060%	8h	173.89	+0.069%	$2.1M	$11.2M	20x	as long as short
Extended MRNA-USD	+0.0096%	1h	173.73	−0.026%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0096%	1h	173.75	−0.012%	$2.6M	$4.4M	10x	as long as short
Phoenix MRNA	+0.0185%	1h	173.96	+0.109%	$5K	$189K	10x	as long as short
SoDEX MRNA-USD	+0.0362%	1h	173.84	+0.040%	$40K	$56K	10x	as long as short
Lighter MRNA	+0.1624%	1h	173.89	+0.069%	$104K	$1.1M	10x	as long as short