MRNA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowMRNA-USDC	185.88	+0.0100	pay 0.0013% / 1h	50m 32s	$14K	$115K	20x	Long TxFlow5% off
SHORT	Ondo PerpsMRNA-USD.P	185.41	+0.0050	get 0.0006% / 1h	50m 32s	$7K	$291K	5x	Short Ondo Perps5% off

Price gap−0.253%

Funding gap−0.0050% /8h

Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.207% under its 7d average. Swap the legs.

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−$21spread −0.253% now, avg −0.045% → −0.207% if it goes back

Costs−$900.898% of $10k · taker + slippage, in and out

Result−$130−1.30%+ Points / potential airdropTxFlow: points · Ondo Perps: 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−0.253%

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

3 ok · 3 to watch

Watch: Thin at this size36.3 / 8.6 bp
At $10k entering TxFlow costs 36.3 bp, fee and slippage, 4.2× Ondo Perps’s.
Note: Margin at max leverage$500 + $2,000
TxFlow 20x, Ondo Perps 5x. 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 TxFlow: 24 payments, −$3.00; short Ondo Perps: 24 payments, +$1.51.
Watch: Gap narrower than usual−0.253% vs −0.045%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$7K vs $14K OI
Ondo Perps sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points · Ondo Perps points
Volume here counts toward the points program.
OK: No KYC on either legTxFlow No · Ondo Perps 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−0.253% → −0.045% (7d avg)−$20.74

Slippage, 4 orderslive order books−$75.77

Fee TxFlow bp × 2 orders−$9.00

Fee Ondo Perps bp × 2 orders−$5.00

Net · 7 days · $10k−$130.29

Costs to cover0.898%Break-evennever at this rate

Slippage: TxFlow: live order book, 42 min ago; Ondo Perps: live order book, 61 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow4.6336.3 bp−$3699.9 bp−$999doesn’t fitdoesn’t fit

SELL · SHORTOndo Perps5.458.6 bp−$930.2 bp−$302doesn’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 ↗