MRNA funding rates

MRNA perpetual funding is currently quoted across 13 venues, ranging from +0.0% to +13.2% APR. The most reliable delta-neutral pairing for MRNA right now is long Variational / short SoDEX at +7.0% net APR (medium risk, ~0.9d to break even).

as of 2026-09-04 05:56 UTC
Best delta-neutral pairing
Long Variational / Short SoDEX
+7.0% net APR
Backtested (30d)
+11.4%
Stability
87.5%
Risk
medium
Breakeven
~0.9d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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MRNA funding by exchange

ExchangeFunding APR
SoDEX+13.21%
TxFlow+10.95%
Decibel+10.51%
Phoenix+5.88%
Ondo+5.52%
TradeXYZ+5.48%
Extended+5.26%
Arcus+4.21%
Lighter+3.50%
QFEX+0.00%
Variational+0.00%
Aster+0.00%
Grvt+0.00%

Frequently asked

What is the MRNA funding rate right now?

MRNA perpetual funding ranges from 0.00% to 13.21% APR across 13 exchanges we track; the widest delta-neutral spread is long Variational / short SoDEX at 7.0% net APR.

Which exchange has the highest MRNA funding rate?

SoDEX currently has the highest at 13.21% APR. See the full ranking above.