MRNA funding rates and arbitrage

MRNA perpetuals trade on 11 contracts across 11 venues, forming 55 cross-venue arbitrage pairs. By net APR the current best pair is long Crypto.com against short Lighter, netting +17.13%, though note the legs settle on different cadences (4h / 1h)ใ€‚

MRNA perpetual funding rates by venue

APR = current rate ร— (24 รท settlement interval) ร— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
OKXMRNA-USDT-SWAPUSDT8h0.0000%0.00%+20.96%$5.5M226.860
BitgetMRNAUSDTUSDT8h0.0000%0.00%+19.51%$5.0M226.970
MEXCMRNASTOCK_USDTUSDT8h0.0000%0.00%+32.51%$3.3M227.000
BybitMRNAUSDTUSDT8h0.0000%0.00%-18.38%$1.8M226.970
LighterMRNAUSDC1h0.0004%+3.50%+14.78%$1.7M226.740
LBankMRNAUSDTUSDT8h0.0000%0.00%-2.41%$1.6M226.980
KuCoinMRNAUSDTMUSDT8h0.0000%0.00%+4.94%$1.3M226.940
GateMRNA_USDTUSDT8h0.0000%0.00%+18.60%$360K226.920
HTXMRNA-USDTUSDT8h0.0000%0.00%0.00%$191K226.575
AsterMRNAUSDTUSDT8h0.0000%0.00%+10.96%$43K226.916
Crypto.comMRNAUSD-PERPUSD4h-0.0062%-13.63%+1.44%$8K226.830

MRNA cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg โˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
Crypto.com USDLighter USDC+17.13%0.0469%+13.34%4h / 1h$8K
Crypto.com USDAster USDT+13.63%0.0373%+9.52%4h / 8h$8K
Crypto.com USDBitget USDT+13.63%0.0373%+18.07%4h / 8h$8K
Crypto.com USDBybit USDT+13.63%0.0373%-19.82%4h / 8h$8K
Crypto.com USDGate USDT+13.63%0.0373%+17.16%4h / 8h$8K
Crypto.com USDHTX USDT+13.63%0.0373%-1.44%4h / 8h$8K
Crypto.com USDKuCoin USDT+13.63%0.0373%+3.50%4h / 8h$8K
Crypto.com USDLBank USDT+13.63%0.0373%-3.85%4h / 8h$8K
Crypto.com USDMEXC USDT+13.63%0.0373%+31.07%4h / 8h$8K
Crypto.com USDOKX USDT+13.63%0.0373%+19.52%4h / 8h$8K
Aster USDTLighter USDC+3.50%0.0096%+3.82%8h / 1h$43K
Bitget USDTLighter USDC+3.50%0.0096%-4.73%8h / 1h$1.7M

Moderna (Backpack Securities) project profile

Key facts
Total
426
Max supply
unlimited
Type
Token
Market cap rank
#5884
Tokenized AssetsSolana EcosystemTokenized StocksReal World Assets (RWA)Backpack Securities Ecosystem
Contract addresses
solanaMRNAzXzhNcaEXJPibHEn8cd4vyekCDiivTyEwswLUCT
About

Moderna (Backpack Securities) is a digital representation of private equity, specifically designed to bridge the gap between traditional financial markets and the on-chain ecosystem. Unlike synthetic derivatives or perpetual contracts that merely track price movements through oracles, MRNA represents a tangible claim on the underlying asset. The project is part of the emerging sector of Real World Assets (RWA), which focuses on digitizing physical or financial instruments to improve liquidity and accessibility.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

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