Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Aster−0.210%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.210% cheaper against Aster than usual: you would sell low and buy high (spread −0.210% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 14 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MRNAUSDT	173.87	0	get 0.0000% / 8h	4h 40m	$28K	$82K	20x
Short	Ondo Perps MRNA-USD.P	173.50	0.0050	get 0.0006% / 1h	40m 39s	$43K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Ondo PerpsbpOrdersPrice spread, now −0.210%Rate

Funding earned: $10.58
Price spread: −0.210% → 0.000%: −$21.03
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$23.45
Costs to cover: 0.130%
Break-even: 22.5 days

Slippage unknown: Aster: no order-book sample; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Aster and Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MRNA on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MRNAUSDTlong	0.0000%	8h	173.87	long leg	$28K	$82K	20x
Bybit MRNAUSDT	0.0000%	8h	173.92	+0.031%	$947K	$617K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.80	−0.038%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.68	−0.107%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.87	+0.002%	$869K	$998K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.81	−0.032%	$2.8M	$10.5M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.91	+0.027%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.74	−0.070%	$490	$146K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.66	−0.118%	$13K	$433K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	173.93	+0.037%	$1.6M	$640K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MRNAUSDT	+0.0020%	8h	173.98	+0.066%	$2.2M	$11.2M	20x	as long as short
Lighter MRNA	+0.0032%	1h	174.02	+0.089%	$158K	$1.1M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.769%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.72	−0.084%	$2K	$63K	10x	as long as short
BloFin MRNA-USDT	+0.0041%	8h	173.89	+0.014%	$45K	$29K	20x	as long as short
Extended MRNA-USD	+0.0048%	1h	173.72	−0.087%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	173.73	−0.078%	$2.6M	$4.4M	10x	as long as short
Ondo Perps MRNA-USD.Pshort	+0.0050%	1h	173.50	−0.210%	$43K	$35K	5x
Phoenix MRNA	+0.0230%	1h	173.94	+0.043%	$5K	$191K	10x	as long as short
SoDEX MRNA-USD	+0.0272%	1h	173.86	−0.003%	$40K	$56K	10x	as long as short
edgeX MRNAUSDC	+0.0530%	4h	173.85	−0.010%	$3K	$245K	10x	as long as short