data as of
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Price arb /

MRNA

RWAall MRNA markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$27
spread now+0.368%7d average−0.018%fees + slippage, in and out−$66spread needed0.661%
Long on PhoenixShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix MRNA173.960.0184pay 0.0023% / 1h12m 00s$5K$165K10x
ShortBitget MRNAUSDT174.600get 0.0000% / 8h5h 12m$2.7M$9.6M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$36.79
Funding while held
−$5.52
Slippage, 4 orders
−$47.07
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$34.8
Spread needed to break even
0.661%
Slippage from Phoenix: live order book, 28 min ago; Bitget: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0184%
Per $10,000 a day
−$5.52
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 28 min ago2.85 bp18.3 bp −$1871.9 bp −$719doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago5.18 bp15.7 bp −$1625.7 bp −$257doesn't fitdoesn't fit

MRNA price on every exchange

against the cheapest. Click to use as the short leg.
Injective158.62cheapest
Variational Omni173.36+9.290%edgeX173.52+9.391%
Phoenix173.96+9.671%
HTX174.52+10.025%QFEX174.53+10.030%Arcus174.55+10.043%Ondo Perps174.60+10.074%
Bitget174.60+10.074%
SoDEX174.61+10.081%OKX174.63+10.093%Gate174.63+10.093%tradeXYZ174.65+10.106%Phemex174.66+10.112%Extended174.67+10.118%Bybit174.67+10.119%Binance174.68+10.123%BloFin174.74+10.163%Aster174.83+10.219%Lighter174.85+10.232%

MRNA on 20 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective MRNA/USDC PERP−8.818%+0.0033%1h$18K$8K12xas long as short
Variational Omni MRNA−0.347%0.0000%8h$37K$66K—as long as short
edgeX MRNAUSDC−0.256%−0.0802%4h$3K$235K10xas long as short
Phoenix MRNAlong0.000%+0.0184%1h$5K$165K10x
HTX MRNA-USDT+0.323%0.0000%8h$12K$427K20xas long as short
QFEX MRNA-USD+0.328%0.0000%1h$1.1M$2.3M10xas long as short
Arcus MRNA-USD+0.339%+0.0040%1h$1K$64K10xas long as short
Ondo Perps MRNA-USD.P+0.368%+0.0050%1h$43K$34K5xas long as short
Bitget MRNAUSDTshort+0.368%0.0000%8h$2.7M$9.6M20x
SoDEX MRNA-USD+0.374%+0.0050%1h$87$55K10xas long as short
Show all 20 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX MRNA-USDT-SWAP+0.385%0.0000%8h$1.4M$4.7M20xas long as short
Gate MRNA_USDT+0.385%0.0000%8h$884K$1.1M20xas long as short
tradeXYZ xyz:MRNA+0.397%+0.0050%1h$2.6M$3.6M10xas long as short
Phemex MRNAUSDT+0.402%0.0000%8h$1.6M$582K20xas long as short
Extended MRNA-USD+0.408%+0.0048%1h$48K$16K10xas long as short
Bybit MRNAUSDT+0.408%0.0000%8h$982K$975K25xas long as short
Binance MRNAUSDT+0.412%0.0000%8h$2.3M$10.5M20xas long as short
BloFin MRNA-USDT+0.448%−0.0015%8h$45K$28K20xas long as short
Aster MRNAUSDT+0.500%0.0000%8h$31K$68K20xas long as short
Lighter MRNA+0.512%+0.0528%1h$160K$959K10xas long as short