MRNA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.069%

7d average—if it closes, per $10,000$7funding while held, a day+$1.21

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MRNA	175.21	0	get 0.0000% / 8h	5h 55m	$28K	$56K	—
Short	Arcus MRNA-USD	175.09	0.0040	get 0.0005% / 1h	55m 03s	$2K	$63K	10x

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee Variational OmnibpFee ArcusbpOrdersClose when spread is

Spread captured: −$6.93
Funding while held: $1.21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$10.22
Spread needed to break even: 0.045%

Slippage unknown: Variational Omni: no order-book sample; Arcus: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0040%
Per $10,000 a day: +$1.21
Average in range /8h: —

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Arcus no order-book sample	—	—	—	—	—

Variational Omni and 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 price on every exchange

against the cheapest. Click to use as the short leg.

Injective158.62cheapest

Ondo Perps174.88+10.251%HTX174.99+10.322%QFEX175.05+10.358%

Arcus175.09+10.383%

BloFin175.17+10.434%Bitget175.18+10.440%

Variational Omni175.21+10.460%

tradeXYZ175.22+10.465%OKX175.24+10.478%Aster175.25+10.482%Extended175.26+10.490%Phoenix175.30+10.516%SoDEX175.31+10.522%Bybit175.33+10.535%Gate175.33+10.535%edgeX175.34+10.539%Binance175.34+10.541%Phemex175.38+10.566%Lighter175.65+10.736%

MRNA on 20 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MRNA/USDC PERP	−9.469%	+0.0033%	1h	$18K	$8K	12x	as long as short
Ondo Perps MRNA-USD.P	−0.189%	+0.0050%	1h	$43K	$33K	5x	as long as short
HTX MRNA-USDT	−0.125%	0.0000%	8h	$12K	$426K	20x	as long as short
QFEX MRNA-USD	−0.092%	0.0000%	1h	$1.1M	$2.1M	10x	as long as short
Arcus MRNA-USDshort	−0.069%	+0.0040%	1h	$2K	$63K	10x
BloFin MRNA-USDT	−0.024%	+0.0023%	8h	—	$27K	20x	as long as short
Bitget MRNAUSDT	−0.018%	0.0000%	8h	$2.8M	$8.7M	20x	as long as short
Variational Omni MRNAlong	0.000%	0.0000%	8h	$28K	$56K	—
tradeXYZ xyz:MRNA	+0.005%	+0.0050%	1h	$2.7M	$3.4M	10x	as long as short
OKX MRNA-USDT-SWAP	+0.016%	0.0000%	8h	$1.4M	$4.3M	20x	as long as short

Show all 20 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aster MRNAUSDT	+0.020%	0.0000%	8h	$31K	$64K	20x	as long as short
Extended MRNA-USD	+0.027%	+0.0048%	1h	$32K	—	10x	as long as short
Phoenix MRNA	+0.051%	+0.0184%	1h	$5K	$165K	10x	as long as short
SoDEX MRNA-USD	+0.056%	+0.0050%	1h	$84	$55K	10x	as long as short
Bybit MRNAUSDT	+0.068%	0.0000%	8h	$937K	$917K	25x	as long as short
Gate MRNA_USDT	+0.068%	0.0000%	8h	$882K	$1.0M	20x	as long as short
edgeX MRNAUSDC	+0.071%	−0.0460%	4h	$3K	$232K	10x	as long as short
Binance MRNAUSDT	+0.073%	0.0000%	8h	$2.3M	$9.9M	20x	as long as short
Phemex MRNAUSDT	+0.096%	0.0000%	8h	$1.6M	$539K	20x	as long as short
Lighter MRNA	+0.250%	+0.0616%	1h	$191K	$827K	10x	as long as short