Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.036%

Price spread now: Ondo Perps against HTX−0.155%7-day average — · you buy dearer than you sell

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

Long on HTX 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 airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.155% cheaper against HTX than usual: you would sell low and buy high (spread −0.155% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 10 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	HTX MRNA-USDT	173.01	0	get 0.0000% / 8h	2h 03m	$12K	$429K	20x
Short	Ondo Perps MRNA-USD.P	172.74	0.0050	get 0.0006% / 1h	3m 14s	$43K	$39K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against HTX. 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 HTXbpFee Ondo PerpsbpOrdersPrice spread, now −0.155%Rate

Funding earned: $10.58
Price spread: −0.155% → 0.000%: −$15.55
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$21.96
Costs to cover: 0.170%
Break-even: 21.5 days

Slippage unknown: HTX: live order book, 20 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 HTX live order book, 20 min ago	16.31 bp	169.1 bp −$169	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 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
edgeX MRNAUSDC	−0.0464%	4h	173.01	+0.002%	$3K	$242K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.89	−0.069%	$29K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	173.02	+0.006%	$2.2M	$11.3M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.06	+0.029%	$936K	$1.0M	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.96	−0.028%	$1.4M	$4.9M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.59	−0.242%	$1.1M	$2.6M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.88	−0.075%	$882K	$1.1M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.86	−0.086%	$2.6M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.92	−0.053%	$30K	$79K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.02	+0.007%	$3	$172K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDTlong	0.0000%	8h	173.01	long leg	$12K	$429K	20x
Phemex MRNAUSDT	0.0000%	8h	173.06	+0.029%	$1.6M	$636K	20x	as long as short
BloFin MRNA-USDT	+0.0017%	8h	173.08	+0.041%	$44K	$29K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.317%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.78	−0.132%	$2K	$65K	10x	as long as short
Ondo Perps MRNA-USD.Pshort	+0.0050%	1h	172.74	−0.155%	$43K	$39K	5x
Lighter MRNA	+0.0104%	1h	172.94	−0.040%	$125K	$1.0M	10x	as long as short
tradeXYZ xyz:MRNA	+0.0151%	1h	172.84	−0.098%	$2.6M	$4.2M	10x	as long as short
Extended MRNA-USD	+0.0152%	1h	172.84	−0.099%	$32K	$32K	10x	as long as short
Phoenix MRNA	+0.0185%	1h	172.73	−0.161%	$5K	$192K	10x	as long as short
SoDEX MRNA-USD	+0.0429%	1h	172.97	−0.023%	$40K	$75K	10x	as long as short