MRNA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Ondo PerpsMRNA-USD.P	199.17	+0.0050	pay 0.0006% / 1h	52m 46s	$7K	$327K	5x	Long Ondo Perps5% off
SHORT	TxFlowMRNA-USDC	200.40	+0.0100	get 0.0013% / 1h	52m 46s	$16K	$121K	20x	Short TxFlow5% off

Price gap+0.618%

Funding gap+0.0050% /8h

Both sides work: funding pays +$1 a day on $10k, and the gap is 0.573% above its 7d average: +$57 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$20+0.0050% /8h now · paid +0.198% over the last 7D

Price+$57spread +0.618% now, avg +0.045% → +0.573% if it goes back

Costs−$1341.341% of $10k · taker + slippage, in and out

Result−$57−0.57%+ Points / potential airdropOndo Perps: points · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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+0.618%

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

/8h

MRNA on 27 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

Watch: Thin at this size27.4 / 49.6 bp
At $10k entering TxFlow costs 49.6 bp, fee and slippage, 1.8× Ondo Perps’s.
Note: Margin at max leverage$2,000 + $500
Ondo Perps 5x, TxFlow 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$1.49Long Ondo Perps: 24 payments, −$1.51; short TxFlow: 24 payments, +$3.00.
OK: Entry gap works for you+0.618% vs +0.045%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$7K vs $16K OI
Ondo Perps sets your exit cost. Check its book before closing.
OK: Points on a legOndo Perps points · TxFlow points
Volume here counts toward the points program.
OK: No KYC on either legOndo Perps No · TxFlow No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0094%/8h × 21 periods+$19.78

Price spread+0.618% → +0.045% (7d avg)+$57.25

Slippage, 4 orderslive order books−$120.13

Fee Ondo Perps bp × 2 orders−$5.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$57.11

Costs to cover1.341%Break-even27.2 days

Slippage: Ondo Perps: live order book, 54 min ago; TxFlow: live order book, 35 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGOndo Perps24.7927.4 bp−$2728.3 bp−$283doesn’t fitdoesn’t fit

SELL · SHORTTxFlow3.0049.6 bp−$5090.4 bp−$904doesn’t fitdoesn’t fit

Closing costs about the same again.

MRNA news

posts that mention MRNA, from every exchangeSearch all news →

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 ↗