Settings8H · net · $10k
Funding arb · Price arb /

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against QFEX+0.088%7-day average +0.131% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1021.025% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)0.000%$0 on $10k
Price spread, last 7 days−0.062%−$6 · spread now +0.088%, 7d avg +0.131%
Together, before fees−0.062%−$6 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: OKX is 0.043% cheaper against QFEX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.131%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MRNA-USD170.900get 0.0000% / 1h43m 32s$1.1M$2.3M10x
ShortOKX MRNA-USDT-SWAP171.050get 0.0000% / 8h5h 43m$1.2M$5.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against QFEX. 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

Funding earned
$0
Price spread: +0.088% → +0.131%
−$4.28
Slippage, 4 orders
−$82.48
Fee QFEX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$106.76
Costs to cover
1.025%
Break-even
never at this rate
Slippage from QFEX: live order book, 2 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 2 min ago2.05 bp25.1 bp −$2529.6 bp −$296doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago4.68 bp28.8 bp −$29119.0 bp −$1,190doesn't fitdoesn't fit

MRNA on 21 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MRNA-USDT−0.0015%8h171.19+0.170%$45K$30K20xas long as short
Aster MRNAUSDT0.0000%8h171.06+0.094%$26K$81K20xas long as short
Binance MRNAUSDT0.0000%8h171.12+0.129%$2.1M$11.9M20xas long as short
Bybit MRNAUSDT0.0000%8h171.20+0.176%$925K$621K25xas long as short
OKX MRNA-USDT-SWAPshort0.0000%8h171.05+0.088%$1.2M$5.5M20x
QFEX MRNA-USDlong0.0000%1h170.90long leg$1.1M$2.3M10x
Gate MRNA_USDT0.0000%8h171.08+0.105%$885K$998K20xas long as short
Bitget MRNAUSDT0.0000%8h170.98+0.047%$2.6M$11.1M20xas long as short
Variational Omni MRNA0.0000%8h171.15+0.144%$59K$91Kas long as short
HTX MRNA-USDT0.0000%8h171.07+0.099%$13K$434K20xas long as short
Show all 21 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MRNAUSDT0.0000%8h171.22+0.187%$1.5M$683K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−7.185%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h170.85−0.029%$2K$65K10xas long as short
tradeXYZ xyz:MRNA+0.0064%1h171.06+0.094%$2.7M$4.7M10xas long as short
Ondo Perps MRNA-USD.P+0.0078%1h170.82−0.047%$42K$39K5xas long as short
Extended MRNA-USD+0.0088%1h171.04+0.079%$31K$32K10xas long as short
SoDEX MRNA-USD+0.0118%1h171.16+0.152%$40K$55K10xas long as short
Lighter MRNA+0.0184%1h171.17+0.158%$243K$1.5M10xas long as short
Phoenix MRNA+0.0278%1h171.63+0.427%$5K$205K10xas long as short
edgeX MRNAUSDC+0.0460%4h171.17+0.161%$3K$257K10xas long as short
GRVT MRNA_USDT_Perp+0.0462%8h171.31+0.240%$815$128K10xas long as short