Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against Ondo Perps+0.109%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on HTX

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 pays, funding is against you. HTX is 0.109% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MRNA-USD.P	172.20	0.0050	pay 0.0006% / 1h	25m 35s	$42K	$35K	5x
Short	HTX MRNA-USDT	172.39	0	get 0.0000% / 8h	2h 25m	$14K	$431K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$10.58
Price spread: +0.109% → 0.000%: $10.86
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$16.72
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 23 min ago. 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 HTX live order book, 23 min ago	6.33 bp	55.3 bp −$55	doesn't fit	doesn't fit	doesn't fit

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
Lighter MRNA	−0.1240%	1h	172.38	+0.105%	$156K	$1.2M	10x	as long as short
BloFin MRNA-USDT	−0.0004%	8h	172.16	−0.023%	$45K	$29K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.08	−0.068%	$26K	$83K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.18	−0.012%	$2.1M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.06	−0.081%	$935K	$620K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.00	−0.116%	$1.3M	$5.3M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.25	+0.029%	$860K	$999K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.20	0.000%	$2.6M	$10.5M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.18	−0.014%	$55K	$96K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.33	+0.074%	$546	$147K	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-USDTshort	0.0000%	8h	172.39	+0.109%	$14K	$431K	20x
Phemex MRNAUSDT	0.0000%	8h	172.24	+0.023%	$1.6M	$653K	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.01	−0.110%	$1.1M	$2.5M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.886%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.07	−0.075%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	171.99	−0.123%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.01	−0.110%	$2.5M	$4.6M	10x	as long as short
SoDEX MRNA-USD	+0.0050%	1h	172.14	−0.035%	$40K	$56K	10x	as long as short
Ondo Perps MRNA-USD.Plong	+0.0050%	1h	172.20	long leg	$42K	$35K	5x
Phoenix MRNA	+0.0185%	1h	172.25	+0.029%	$5K	$191K	10x	as long as short
edgeX MRNAUSDC	+0.0718%	4h	172.17	−0.018%	$3K	$247K	10x	as long as short