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 −0.017%

Price spread now: OKX against Variational Omni−0.107%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.107% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MRNA	173.96	0	get 0.0000% / 8h	5h 01m	$49K	$89K	—
Short	OKX MRNA-USDT-SWAP	173.77	0	get 0.0000% / 8h	5h 01m	$1.3M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Variational Omni. 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 Variational OmnibpFee OKXbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → 0.000%: −$10.7
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$20.7
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; OKX: live order book, 1 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell OKX live order book, 1 min ago	4.60 bp	21.6 bp −$22	106.5 bp −$1,065	doesn't fit	doesn't fit

Variational Omni: 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
Aster MRNAUSDT	0.0000%	8h	173.77	−0.105%	$28K	$82K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.84	−0.067%	$944K	$658K	25x	as long as short
OKX MRNA-USDT-SWAPshort	0.0000%	8h	173.77	−0.107%	$1.3M	$5.2M	20x
QFEX MRNA-USD	0.0000%	1h	173.76	−0.113%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.87	−0.049%	$869K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.70	−0.147%	$2.7M	$10.5M	20x	as long as short
Variational Omni MRNAlong	0.0000%	8h	173.96	long leg	$49K	$89K	—
GRVT MRNA_USDT_Perp	0.0000%	8h	173.94	−0.009%	$591	$148K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.39	−0.327%	$13K	$433K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	173.95	−0.003%	$1.6M	$641K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.816%	$18K	$8K	12x	as long as short
Binance MRNAUSDT	+0.0040%	8h	173.91	−0.026%	$2.2M	$11.3M	20x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.78	−0.101%	$2K	$63K	10x	as long as short
Ondo Perps MRNA-USD.P	+0.0050%	1h	173.60	−0.205%	$43K	$35K	5x	as long as short
BloFin MRNA-USDT	+0.0069%	8h	173.88	−0.044%	$45K	$29K	20x	as long as short
Extended MRNA-USD	+0.0088%	1h	173.68	−0.161%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0088%	1h	173.73	−0.130%	$2.6M	$4.4M	10x	as long as short
Phoenix MRNA	+0.0185%	1h	173.87	−0.049%	$5K	$189K	10x	as long as short
SoDEX MRNA-USD	+0.0303%	1h	173.88	−0.044%	$40K	$56K	10x	as long as short
edgeX MRNAUSDC	+0.0597%	4h	173.96	+0.004%	$3K	$245K	10x	as long as short
Lighter MRNA	+0.1208%	1h	173.92	−0.021%	$104K	$1.1M	10x	as long as short