Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.011%

Price spread now: BloFin against Ondo Perps−0.006%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on BloFin

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MRNA-USD.P	173.89	0.0050	pay 0.0006% / 1h	30m 06s	$43K	$35K	5x
Short	BloFin MRNA-USDT	173.88	0.0044	get 0.0044% / 8h	5h 30m	$45K	$29K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Ondo Perps. 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 Ondo PerpsbpFee BloFinbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$1.29
Price spread: −0.006% → 0.000%: −$0.58
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$18.86
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; BloFin: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell BloFin no order-book sample	—	—	—	—	—

Ondo Perps and BloFin: 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 MRNAUSDT	0.0000%	8h	173.77	−0.069%	$28K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.82	−0.040%	$944K	$662K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.78	−0.063%	$1.3M	$5.3M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.68	−0.121%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.84	−0.029%	$866K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.77	−0.069%	$2.7M	$10.6M	20x	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.94	+0.031%	$444	$147K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.86	−0.017%	$14K	$433K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	173.86	−0.017%	$1.6M	$641K	20x	as long as short
Variational Omni MRNA	+0.0001%	8h	173.85	−0.023%	$49K	$89K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.781%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.73	−0.092%	$2K	$64K	10x	as long as short
BloFin MRNA-USDTshort	+0.0044%	8h	173.88	−0.006%	$45K	$29K	20x
Ondo Perps MRNA-USD.Plong	+0.0050%	1h	173.89	long leg	$43K	$35K	5x
Binance MRNAUSDT	+0.0064%	8h	173.86	−0.015%	$2.2M	$11.2M	20x	as long as short
tradeXYZ xyz:MRNA	+0.0080%	1h	173.73	−0.092%	$2.6M	$4.4M	10x	as long as short
Extended MRNA-USD	+0.0080%	1h	173.71	−0.102%	$32K	$32K	10x	as long as short
Phoenix MRNA	+0.0185%	1h	173.91	+0.012%	$5K	$189K	10x	as long as short
SoDEX MRNA-USD	+0.0391%	1h	173.83	−0.035%	$40K	$56K	10x	as long as short
edgeX MRNAUSDC	+0.0782%	4h	173.94	+0.028%	$3K	$245K	10x	as long as short
Lighter MRNA	+0.1712%	1h	173.90	+0.006%	$104K	$1.1M	10x	as long as short