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 0.000%

Price spread now: Aster against Phemex−0.102%52s7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

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

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.102% cheaper against Phemex than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex MRNAUSDT	172.74	0	get 0.0000% / 8h	38m 24s	$1.6M	$645K	20x
Short	Aster MRNAUSDT	172.56	0	get 0.0000% / 8h	38m 24s	$29K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → 0.000%: −$10.22
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.22
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; Aster: 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 Phemex live order book, 5 min ago	7.52 bp	34.9 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
BloFin MRNA-USDT	−0.0018%	8h	172.88	+0.081%	$44K	$29K	20x	as long as short
Aster MRNAUSDTshort	0.0000%	8h	172.56	−0.102%	$29K	$81K	20x
Binance MRNAUSDT	0.0000%	8h	172.72	−0.010%	$2.2M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.70	−0.023%	$933K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.79	+0.029%	$1.4M	$5.0M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.62	−0.069%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.61	−0.075%	$879K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.60	−0.081%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.81	+0.042%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.76	+0.010%	$624	$165K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDT	0.0000%	8h	172.82	+0.047%	$12K	$430K	20x	as long as short
Phemex MRNAUSDTlong	0.0000%	8h	172.74	long leg	$1.6M	$645K	20x
Lighter MRNA	+0.0032%	1h	172.67	−0.041%	$124K	$1.0M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.174%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.57	−0.098%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	172.53	−0.121%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.56	−0.104%	$2.6M	$4.2M	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	172.63	−0.064%	$43K	$39K	5x	as long as short
SoDEX MRNA-USD	+0.0142%	1h	172.66	−0.046%	$40K	$66K	10x	as long as short
Phoenix MRNA	+0.0232%	1h	172.74	0.000%	$5K	$191K	10x	as long as short
edgeX MRNAUSDC	+0.0695%	4h	172.80	+0.036%	$3K	$243K	10x	as long as short