Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 199.17 | +0.0050 | pay 0.0006% / 1h | 51m 54s | $7K | $327K | 5x | Long Ondo Perps5% off | |
| SHORT | 200.90 | 0 | 0.0000% / 8h | 1h 51m | $9.4M | $5.4M | 50x | Short MEXC |
Price gap+0.869%48s
Funding gap−0.0050% /8h
The gap pays +$72 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 48 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$3−0.0050% /8h now · paid +0.027% over the last 7D
Price—spread +0.869%48s now · prices read too far apart to compare
Costs−$700.700% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.869%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMRNA on 27 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size27.4 / 6.0 bpAt $10k entering Ondo Perps costs 27.4 bp, fee and slippage, 4.6× MEXC’s.
- Note: Margin at max leverage$2,000 + $200Ondo Perps 5x, MEXC 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.51Long Ondo Perps: 24 payments, −$1.51; short MEXC: 3 payments, $0.00.
- Watch: Prices read 48 s apart+0.869% vs +0.144%Part of this gap may be the market moving.
- Watch: Long leg is thinner$7K vs $9.4M OIOndo Perps sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- Watch: KYCOndo Perps No · MEXC YesKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0013%/8h × 21 periods+$2.69
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$57.02
Fee Ondo Perps bp × 2 orders−$5.00
Fee MEXC bp × 2 orders−$8.00
Net · 7 days · $10k−$67.33
price spread not counted: prices read too far apartCosts to cover0.700%Break-even182.1 days
Slippage: Ondo Perps: live order book, 55 min ago; MEXC: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps24.7927.4 bp−$2728.3 bp−$283doesn’t fitdoesn’t fit
SELL · SHORTMEXC0.256.0 bp−$6105.9 bp−$1,059192.7 bp−$19.3Kdoesn’t fit
Closing costs about the same again.
| 10-25 09:09 | AZverse | Listing | new market mrna_usdt ($MRNA) seen by our collector |
| 10-22 20:48 | Arcus | Other | $MRNA fell 25% today and was halted intraday on its primary exchange. The MRNA perp on Arcus kept trading through the halt. Traders could open, reduce, or close positions the entire time - as there is no halt state on Arcus perps. Markets run 24/7. Read more about Arcus RWA Perps here: @arcus_xyz on X ↗ |
| 10-22 19:35 | Phoenix | Other | Moderna falls after reported leak of Phase 3 melanoma vaccine data showing a 42% cut in recurrence risk, below Phase 2's 49%. $MRNA is trading at $195 on Phoenix, 24/7. @PhoenixTrade on X ↗ |
| 10-22 19:27 | Bitget | Other | Stay on top of fast-moving stock markets with Bitget Stock Perps. 📈📉 Here's the latest on Moderna $MRNA today ⤵️ @bitget on X ↗ |
| 10-20 17:07 | Phoenix | Other | JUST IN: Moderna $MRNA is still climbing, up nearly 7% in the last 24 hours ahead of Saturday's Phase 3 cancer vaccine data at ESMO. @PhoenixTrade on X ↗ |
| 10-19 13:46 | Phoenix | Other | JUST IN: $MRNA jumps 8.45% in anticipation of their Stage 3 cancer vaccine clinical trial results releasing on October 24. @PhoenixTrade on X ↗ |
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