Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 186.01 | +0.0050 | pay 0.0050% / 8h | 2h 50m | $949K | $1.3M | — | Long BingX | |
| SHORT | 185.41 | +0.0050 | get 0.0006% / 1h | 50m 29s | $7K | $291K | 5x | Short Ondo Perps5% off |
Price gap−0.323%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.171% under its 7d average: the price leg works against you, −$17 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$100.0000% /8h now · paid −0.100% over the last 7D
Price−$17spread −0.323% now, avg −0.152% → −0.171% if it goes back
Costs−$520.516% of $10k · taker + slippage, in and out
Result−$79−0.79%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.323%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMRNA on 27 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest13.6 / 8.6 bp$10k is over 10% of Ondo Perps’s open interest.
- Note: Margin at max leverage— + $2,000BingX —, Ondo Perps 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.01Long BingX: 3 payments, −$1.50; short Ondo Perps: 24 payments, +$1.51.
- Watch: Gap narrower than usual−0.323% vs −0.152%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$7K vs $949K OIOndo Perps sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · Ondo Perps NoAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0048%/8h × 21 periods−$10.00
Price spread−0.323% → −0.152% (7d avg)−$17.06
Slippage, 4 orderslive order books−$36.60
Fee BingX bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$78.66
Costs to cover0.516%Break-evennever at this rate
Slippage: BingX: live order book, 18 min ago; Ondo Perps: live order book, 61 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX1.8813.6 bp−$1432.5 bp−$32582.3 bp−$8,228429.8 bp−$214.9K
SELL · SHORTOndo Perps5.458.6 bp−$930.2 bp−$302doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-25 09:09 | AZverse | Listing | new market mrna_usdt ($MRNA) seen by our collector |
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| 10-22 19:35 | Phoenix | Other | Moderna falls after reported leak of Phase 3 melanoma vaccine data showing a 42% cut in recurrence risk, below Phase 2's 49%. $MRNA is trading at $195 on Phoenix, 24/7. @PhoenixTrade on X ↗ |
| 10-22 19:27 | Bitget | Other | Stay on top of fast-moving stock markets with Bitget Stock Perps. 📈📉 Here's the latest on Moderna $MRNA today ⤵️ @bitget on X ↗ |
| 10-20 17:07 | Phoenix | Other | JUST IN: Moderna $MRNA is still climbing, up nearly 7% in the last 24 hours ahead of Saturday's Phase 3 cancer vaccine data at ESMO. @PhoenixTrade on X ↗ |
| 10-19 13:46 | Phoenix | Other | JUST IN: $MRNA jumps 8.45% in anticipation of their Stage 3 cancer vaccine clinical trial results releasing on October 24. @PhoenixTrade on X ↗ |

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