Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.011%

Price spread now: Ondo Perps against Bitget−0.017%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRNAUSDT	173.27	0	get 0.0000% / 8h	38m 03s	$2.6M	$10.5M	20x
Short	Ondo Perps MRNA-USD.P	173.24	0.0050	get 0.0006% / 1h	38m 03s	$43K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. 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 BitgetbpFee Ondo PerpsbpOrdersPrice spread, now −0.017%Rate

Funding earned: $10.58
Price spread: −0.017% → 0.000%: −$1.73
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$8.15
Costs to cover: 0.170%
Break-even: 12.4 days

Slippage unknown: Bitget: live order book, just now; 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 Bitget live order book, just now	3.46 bp	11.6 bp −$12	52.3 bp −$523	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
BloFin MRNA-USDT	−0.0012%	8h	173.35	+0.046%	$45K	$29K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	173.22	−0.032%	$27K	$82K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	173.23	−0.023%	$2.1M	$11.2M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.20	−0.040%	$941K	$603K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.19	−0.046%	$1.3M	$5.4M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.19	−0.046%	$884K	$983K	20x	as long as short
Bitget MRNAUSDTlong	0.0000%	8h	173.27	long leg	$2.6M	$10.5M	20x
Variational Omni MRNA	0.0000%	8h	173.28	+0.004%	$57K	$94K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.30	+0.017%	$404	$142K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.05	−0.129%	$14K	$430K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MRNAUSDT	0.0000%	8h	173.22	−0.029%	$1.6M	$639K	20x	as long as short
QFEX MRNA-USD	+0.0001%	1h	173.21	−0.035%	$1.1M	$2.5M	10x	as long as short
Lighter MRNA	+0.0032%	1h	173.45	+0.104%	$156K	$1.2M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.455%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.97	−0.173%	$2K	$65K	10x	as long as short
Ondo Perps MRNA-USD.Pshort	+0.0050%	1h	173.24	−0.017%	$43K	$35K	5x
tradeXYZ xyz:MRNA	+0.0086%	1h	173.17	−0.058%	$2.6M	$4.3M	10x	as long as short
Extended MRNA-USD	+0.0088%	1h	173.15	−0.067%	$32K	$32K	10x	as long as short
SoDEX MRNA-USD	+0.0214%	1h	173.24	−0.017%	$40K	$55K	10x	as long as short
Phoenix MRNA	+0.0230%	1h	173.22	−0.029%	$5K	$191K	10x	as long as short
edgeX MRNAUSDC	+0.0715%	4h	173.28	+0.003%	$3K	$249K	10x	as long as short