# MRNA funding rates and arbitrage

Updated 2026-10-29 22:10 UTC · https://afterfees.xyz/coin/MRNA

## 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 |
|---|---|---|---|---|---|---|---|
| [Arcus](https://afterfees.xyz/venues/arcus) | MRNA-USD | 0.0077% | 1 h | +67.2% | −8.0% | $109.8K | 2026-10-29 23:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | MRNA-USDC | 0.0024% | 1 h | +21.1% | — | $27.7K | 2026-10-29 23:00 |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | MRNA | 0.0023% | 1 h | +19.8% | +3.5% | — | 2026-10-29 23:00 |
| [Ondo Perps](https://afterfees.xyz/venues/ondo) | MRNA-USD.P | 0.0006% | 1 h | +5.5% | — | $14.9K | 2026-10-29 23:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | xyz:MRNA | 0.0006% | 1 h | +5.5% | −22.2% | $18.3M | 2026-10-29 23:00 |
| [Extended](https://afterfees.xyz/venues/extended) | MRNA-USD | 0.0006% | 1 h | +5.3% | −22.2% | $21.5K | 2026-10-29 23:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | MRNA | 0.0004% | 1 h | +3.5% | +4.5% | $239.6K | 2026-10-29 23:00 |
| [QFEX](https://afterfees.xyz/venues/qfex) | MRNA-USD | 0.0000% | 1 h | +0.1% | — | $1.8M | 2026-10-29 22:59 |
| [Phemex](https://afterfees.xyz/venues/phemex) | MRNAUSDT | 0.0000% | 8 h | 0.0% | — | $1.7M | 2026-10-30 00:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | MRNAUSDTM | 0.0000% | 8 h | 0.0% | −9.5% | $45K | 2026-10-30 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | MRNASTOCK_USDT | 0.0000% | 8 h | 0.0% | −1.3% | $1.9M | 2026-10-30 00:00 |
| [OKX](https://afterfees.xyz/venues/okx) | MRNA-USDT-SWAP | 0.0000% | 8 h | 0.0% | −1.3% | $2M | 2026-10-30 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | MRNAUSDT | 0.0000% | 8 h | 0.0% | −1.5% | $1M | 2026-10-30 00:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | MRNAUSDT | 0.0000% | 8 h | 0.0% | — | — | 2026-10-30 00:00 |
| [HTX](https://afterfees.xyz/venues/htx) | MRNA-USDT | 0.0000% | 8 h | 0.0% | 0.0% | $11.9K | 2026-10-30 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | MRNAUSDT | 0.0000% | 8 h | 0.0% | −2.8% | $1.3M | 2026-10-30 00:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | MRNA_USDT_Perp | 0.0000% | 8 h | 0.0% | −4.9% | $3.1K | 2026-10-30 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | MRNAUSDT | 0.0000% | 8 h | 0.0% | +0.6% | $96.5K | 2026-10-30 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | MRNA-PERP | 0.0000% | 8 h | 0.0% | — | $112.7K | 2026-10-30 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | MRNAUSDT | 0.0000% | 8 h | 0.0% | −1.3% | $4.6M | 2026-10-30 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | MRNA_USDT | 0.0000% | 8 h | 0.0% | −9.0% | $865.8K | 2026-10-30 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | MRNAUSDT | -0.0026% | 8 h | −2.9% | −4.1% | — | 2026-10-30 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | NCSKMRNA2USD-USDT | -0.0050% | 8 h | −5.5% | +7.6% | $949.4K | 2026-10-30 00:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | MRNAUSD-PERP | -0.0027% | 1 h | −23.3% | −3.1% | $1.6K | 2026-10-29 23:00 |

## Cost to enter $10,000 of MRNA

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | MRNASTOCK_USDT | 3.1 bp | top of book only |
| Variational | MRNA-PERP | 3.6 bp | top of book only |
| Lighter | MRNA | 3.8 bp | top of book only |
| Hyperliquid | xyz:MRNA | 4.2 bp | top of book only |
| Binance | MRNAUSDT | 5.9 bp * | top of book only |
| Extended | MRNA-USD | 6.2 bp | top of book only |
| BingX | NCSKMRNA2USD-USDT | 6.6 bp | top of book only |
| GRVT | MRNA_USDT_Perp | 8.1 bp | top of book only |
| OKX | MRNA-USDT-SWAP | 8.8 bp * | top of book only |
| Bitget | MRNAUSDT | 8.9 bp | top of book only |
| Bybit | MRNAUSDT | 9.3 bp | top of book only |
| KuCoin | MRNAUSDTM | 13.9 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?**

Arcus at +67.2% a year (0.0077% every 1 h); the lowest is Crypto.com at −23.3%. 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._