MRNA Funding Rate — live across 9 venues
Compared across 9 supported venues · net of estimated fees · updated every few minutes
Live annualized MRNA perpetual funding across all 9 venues Perpia tracks. Right now MRNA funding is positive on 3 and negative on 0, ranging from +17.3% on trade.xyz to +0.0% on Aster — a spread of 17.3%. The widest delta-neutral trade is long OKX / short Hyperliquid at 13.4% net APR.
MRNA funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
MRNA funding rate by venue
14 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| trade.xyz↗ | +17.3% | 1h |
| Hyperliquid↗ | +17.0% | 1h |
| Lighter↗ | +3.5% | 8h |
| OKX↗ | +0.0% | 8h |
| Bybit↗ | +0.0% | 8h |
| Variational↗ | +0.0% | 8h |
| Gate.io↗ | +0.0% | 8h |
| Bitget↗ | +0.0% | 8h |
| Aster↗ | +0.0% | 8h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the OKX vs Hyperliquid page.
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MRNA funding — FAQ
Is MRNA funding positive right now?
MRNA perpetual funding is positive on 3 of 9 venues Perpia tracks. The highest is +17.3% on trade.xyz; the lowest is +0.0% on Aster.
What is the best MRNA funding arbitrage right now?
Go long OKX and short Hyperliquid for about 13.4% net APR after fees — the widest delta-neutral MRNA spread Perpia currently sees.
Which exchange has the highest MRNA funding rate?
trade.xyz, at +17.3% annualized. Funding shifts continuously, so check the live table above before trading.
How MRNA funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to MRNA
Markets also quoted on both Hyperliquid and OKX — the same two exchanges you would already have funded for the MRNA trade.
See every spread between them on the Hyperliquid vs OKX page.