MRNA funding rates and arbitrage
Updated 2026-10-29 16:21 UTC
Best MRNA arbitrage after every cost
No MRNA pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
MRNA funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| TXFlow | MRNA-USDC | 0.0013% | 1 h | +10.9% | — | $19.3K | 2026-10-29 17:00 |
| Crypto.com | MRNAUSD-PERP | 0.0008% | 1 h | +6.7% | −1.2% | $1.6K | 2026-10-29 17:00 |
| Ondo Perps | MRNA-USD.P | 0.0006% | 1 h | +5.5% | — | $15.4K | 2026-10-29 17:00 |
| Lighter | MRNA | 0.0004% | 1 h | +3.5% | +4.5% | $240.6K | 2026-10-29 17:00 |
| Phemex | MRNAUSDT | 0.0000% | 8 h | 0.0% | — | $1.7M | 2026-10-30 00:00 |
| KuCoin | MRNAUSDTM | 0.0000% | 8 h | 0.0% | −9.9% | $43.3K | 2026-10-30 00:00 |
| MEXC | MRNASTOCK_USDT | 0.0000% | 8 h | 0.0% | −1.3% | $2.2M | 2026-10-30 00:00 |
| OKX | MRNA-USDT-SWAP | 0.0000% | 8 h | 0.0% | −1.4% | $1.9M | 2026-10-30 00:00 |
| Bitget | MRNAUSDT | 0.0000% | 8 h | 0.0% | −1.6% | $1.1M | 2026-10-30 00:00 |
| LBank | MRNAUSDT | 0.0000% | 8 h | 0.0% | — | — | 2026-10-30 00:00 |
| HTX | MRNA-USDT | 0.0000% | 8 h | 0.0% | 0.0% | $11.4K | 2026-10-30 00:00 |
| GRVT | MRNA_USDT_Perp | 0.0000% | 8 h | 0.0% | −5.0% | $3.9K | 2026-10-30 00:00 |
| Phoenix | MRNA | 0.0000% | 1 h | 0.0% | +4.2% | — | 2026-10-29 17:00 |
| Aster | MRNAUSDT | 0.0000% | 8 h | 0.0% | +0.6% | $94.9K | 2026-10-30 00:00 |
| QFEX | MRNA-USD | 0.0000% | 1 h | 0.0% | — | $1.8M | 2026-10-29 17:00 |
| Variational | MRNA-PERP | 0.0000% | 8 h | 0.0% | — | $137.3K | 2026-10-30 00:00 |
| Binance | MRNAUSDT | 0.0000% | 8 h | 0.0% | −1.4% | $4.7M | 2026-10-30 00:00 |
| Gate | MRNA_USDT | 0.0000% | 8 h | 0.0% | −9.3% | $862.7K | 2026-10-30 00:00 |
| Bybit | MRNAUSDT | -0.0024% | 8 h | −2.6% | −2.9% | $1.3M | 2026-10-30 00:00 |
| Bitunix | MRNAUSDT | -0.0026% | 8 h | −2.9% | −4.2% | — | 2026-10-30 00:00 |
| BingX | NCSKMRNA2USD-USDT | -0.0188% | 8 h | −20.6% | +7.9% | $949.4K | 2026-10-30 00:00 |
| Hyperliquid | xyz:MRNA | -0.0027% | 1 h | −24.0% | −21.6% | $18.7M | 2026-10-29 17:00 |
| Extended | MRNA-USD | -0.0028% | 1 h | −24.5% | −21.6% | $23K | 2026-10-29 17:00 |
| Arcus | MRNA-USD | -0.0094% | 1 h | −82.6% | −6.3% | $131.1K | 2026-10-29 17:00 |
Cost to enter $10,000 of MRNA
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Hyperliquid | xyz:MRNA | 1.4 bp | order-book snapshot, 110 min old |
| Variational | MRNA-PERP | 4.0 bp | top of book only |
| Extended | MRNA-USD | 4.4 bp | top of book only |
| Lighter | MRNA | 4.8 bp | top of book only |
| MEXC | MRNASTOCK_USDT | 5.4 bp | top of book only |
| BingX | NCSKMRNA2USD-USDT | 6.8 bp | top of book only |
| OKX | MRNA-USDT-SWAP | 6.8 bp * | top of book only |
| GRVT | MRNA_USDT_Perp | 7.0 bp | top of book only |
| Binance | MRNAUSDT | 7.1 bp * | top of book only |
| Bybit | MRNAUSDT | 8.9 bp | top of book only |
| Bitget | MRNAUSDT | 9.2 bp | top of book only |
| Gate | MRNA_USDT | 9.6 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is MRNA funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no MRNA pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest MRNA funding rate?
TXFlow at +10.9% a year (0.0013% every 1 h); the lowest is Arcus at −82.6%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.