Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0642%/8h= +70.3% APRpaid last 24h −0.025%

Price spread now: Ondo Perps against edgeX+0.012%54s7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · Ondo 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: +$19 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MRNAUSDC	171.39	−0.0592	get 0.0296% / 4h	1h 07m	$3K	$255K	10x
Short	Ondo Perps MRNA-USD.P	171.41	0.0050	get 0.0006% / 1h	7m 47s	$42K	$40K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. 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 edgeXbpFee Ondo PerpsbpOrdersPrice spread, now +0.012%Rate

Funding earned: $134.88
Price spread: +0.012% → 0.000%: $1.16
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $122.04
Costs to cover: 0.140%
Break-even: 0.7 days

Slippage unknown: edgeX: live order book, 38 min ago; 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 edgeX live order book, 38 min ago	3.21 bp	10.1 bp −$10	doesn't fit	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 exchanges

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
edgeX MRNAUSDClong	−0.0592%	4h	171.39	long leg	$3K	$255K	10x
BloFin MRNA-USDT	−0.0016%	8h	171.58	+0.111%	$46K	$30K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	171.21	−0.107%	$25K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	171.46	+0.041%	$2.1M	$12.0M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	171.47	+0.047%	$926K	$622K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	171.34	−0.029%	$1.2M	$5.5M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	171.31	−0.047%	$1.1M	$2.3M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	171.41	+0.012%	$886K	$998K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	171.32	−0.041%	$2.7M	$11.1M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	171.42	+0.020%	$94K	$125K	—	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDT	0.0000%	8h	171.39	−0.001%	$13K	$434K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	171.44	+0.029%	$1.5M	$688K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.451%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	170.98	−0.239%	$2K	$64K	10x	as long as short
Ondo Perps MRNA-USD.Pshort	+0.0050%	1h	171.41	+0.012%	$42K	$40K	5x
Lighter MRNA	+0.0160%	1h	171.41	+0.012%	$241K	$1.6M	10x	as long as short
Extended MRNA-USD	+0.0192%	1h	171.37	−0.011%	$31K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0194%	1h	171.38	−0.006%	$2.6M	$4.8M	10x	as long as short
Phoenix MRNA	+0.0278%	1h	171.57	+0.105%	$5K	$205K	10x	as long as short
SoDEX MRNA-USD	+0.0402%	1h	171.42	+0.017%	$40K	$56K	10x	as long as short
GRVT MRNA_USDT_Perp	+0.0653%	8h	171.42	+0.020%	$415	$128K	10x	as long as short