MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.066%

Price spread now: Ondo Perps against Phoenix−0.064%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Ondo Perps

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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Ondo Perps is 0.064% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MRNA	172.67	0.0185	pay 0.0023% / 1h	31m 02s	$5K	$191K	10x
Short	Ondo Perps MRNA-USD.P	172.56	0.0050	get 0.0006% / 1h	31m 02s	$42K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Phoenix. 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 PhoenixbpFee Ondo PerpsbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$28.21
Price spread: −0.064% → 0.000%: −$6.37
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$46.58
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 10 min ago; Ondo Perps: 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 Phoenix live order book, 10 min ago	4.04 bp	22.1 bp −$22	91.4 bp −$914	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	−0.1096%	1h	172.74	+0.041%	$156K	$1.2M	10x	as long as short
edgeX MRNAUSDC	−0.0001%	4h	172.54	−0.077%	$3K	$248K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.47	−0.114%	$26K	$83K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	172.48	−0.110%	$2.1M	$11.4M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.45	−0.127%	$937K	$620K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.40	−0.156%	$1.3M	$5.4M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.53	−0.081%	$862K	$999K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.51	−0.093%	$2.6M	$10.5M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	172.49	−0.105%	$55K	$96K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.56	−0.064%	$599	$148K	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-USDT	0.0000%	8h	172.31	−0.208%	$14K	$431K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	172.53	−0.081%	$1.6M	$652K	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.53	−0.081%	$1.1M	$2.5M	10x	as long as short
BloFin MRNA-USDT	+0.0024%	8h	172.54	−0.075%	$45K	$29K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.137%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.43	−0.139%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	172.28	−0.226%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.30	−0.214%	$2.5M	$4.6M	10x	as long as short
Ondo Perps MRNA-USD.Pshort	+0.0050%	1h	172.56	−0.064%	$42K	$35K	5x
SoDEX MRNA-USD	+0.0089%	1h	172.49	−0.104%	$40K	$56K	10x	as long as short
Phoenix MRNAlong	+0.0185%	1h	172.67	long leg	$5K	$191K	10x