Settings8H · net · $10k
Funding arb · Price arb /

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0340%/8h= +37.3% APRnext payment +$0.43 per $10,000 · paid last 24h +0.068%
Price spread now: SoDEX against Ondo Perps+0.087%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and SoDEX is 0.087% dearer against Ondo Perps than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps MRNA-USD.P172.790.0050pay 0.0006% / 1h47m 42s$42K$35K5x
ShortSoDEX MRNA-USD172.940.0391get 0.0049% / 1h47m 42s$40K$56K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$71.48
Price spread: +0.087% → 0.000%
$8.68
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$67.16
Costs to cover
0.130%
Break-even
0.4 days
Slippage unknown: Ondo Perps: no order-book sample; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell SoDEX no order-book sample
Ondo Perps and SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MRNA−0.1176%1h173.15+0.208%$156K$1.2M10xas long as short
Aster MRNAUSDT0.0000%8h172.88+0.052%$26K$83K20xas long as short
Binance MRNAUSDT0.0000%8h173.11+0.185%$2.1M$11.4M20xas long as short
Bybit MRNAUSDT0.0000%8h173.01+0.127%$940K$620K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h172.88+0.052%$1.3M$5.3M20xas long as short
Gate MRNA_USDT0.0000%8h172.89+0.058%$864K$998K20xas long as short
Bitget MRNAUSDT0.0000%8h173.08+0.168%$2.7M$10.4M20xas long as short
Variational Omni MRNA0.0000%8h172.99+0.116%$55K$96Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h173.05+0.150%$242$148K10xas long as short
HTX MRNA-USDT0.0000%8h172.84+0.027%$13K$430K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MRNAUSDT0.0000%8h173.02+0.133%$1.6M$651K20xas long as short
QFEX MRNA-USD0.0000%1h172.77−0.012%$1.1M$2.6M10xas long as short
BloFin MRNA-USDT+0.0025%8h173.05+0.150%$45K$29K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.201%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h172.82+0.017%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h172.85+0.035%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h172.88+0.052%$2.6M$4.5M10xas long as short
Ondo Perps MRNA-USD.Plong+0.0050%1h172.79long leg$42K$35K5x
Phoenix MRNA+0.0185%1h172.83+0.023%$5K$191K10xas long as short
SoDEX MRNA-USDshort+0.0391%1h172.94+0.087%$40K$56K10x
edgeX MRNAUSDC+0.0606%4h173.01+0.129%$3K$247K10xas long as short