MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%

Price spread now: Ondo Perps against QFEX−0.111%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Ondo Perps is 0.111% cheaper against QFEX than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 7.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRNA-USD	171.60	0	get 0.0000% / 1h	5m 43s	$1.1M	$2.3M	10x
Short	Ondo Perps MRNA-USD.P	171.41	0.0050	get 0.0006% / 1h	5m 43s	$42K	$40K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against QFEX. 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 QFEXbpFee Ondo PerpsbpOrdersPrice spread, now −0.111%Rate

Funding earned: $10.58
Price spread: −0.111% → 0.000%: −$11.07
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$15.49
Costs to cover: 0.150%
Break-even: 17.2 days

Slippage unknown: QFEX: live order book, 5 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 QFEX live order book, 5 min ago	1.75 bp	20.1 bp −$20	25.3 bp −$253	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 exchanges

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
BloFin MRNA-USDT	−0.0003%	8h	171.58	−0.012%	$46K	$30K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	171.35	−0.145%	$25K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	171.47	−0.076%	$926K	$622K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	171.59	−0.006%	$1.2M	$5.5M	20x	as long as short
QFEX MRNA-USDlong	0.0000%	1h	171.60	long leg	$1.1M	$2.3M	10x
Gate MRNA_USDT	0.0000%	8h	171.47	−0.076%	$887K	$998K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	171.51	−0.052%	$2.7M	$11.0M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	171.54	−0.035%	$94K	$125K	—	as long as short
HTX MRNA-USDT	0.0000%	8h	171.57	−0.018%	$13K	$434K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	171.55	−0.029%	$1.5M	$688K	20x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MRNAUSDT	+0.0001%	8h	171.65	+0.029%	$2.1M	$12.0M	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.564%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	171.05	−0.321%	$2K	$64K	10x	as long as short
Ondo Perps MRNA-USD.Pshort	+0.0050%	1h	171.41	−0.111%	$42K	$40K	5x
edgeX MRNAUSDC	+0.0123%	4h	171.43	−0.100%	$3K	$256K	10x	as long as short
Lighter MRNA	+0.0160%	1h	171.60	0.000%	$241K	$1.6M	10x	as long as short
Extended MRNA-USD	+0.0192%	1h	171.58	−0.011%	$31K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0196%	1h	171.62	+0.012%	$2.6M	$4.8M	10x	as long as short
Phoenix MRNA	+0.0278%	1h	171.57	−0.017%	$5K	$205K	10x	as long as short
SoDEX MRNA-USD	+0.0404%	1h	171.52	−0.047%	$40K	$56K	10x	as long as short
GRVT MRNA_USDT_Perp	+0.0644%	8h	171.44	−0.091%	$415	$128K	10x	as long as short