Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.011%

Price spread now: Ondo Perps against Bitget0.000%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRNAUSDT	173.76	0	get 0.0000% / 8h	4h 36m	$2.8M	$10.5M	20x
Short	Ondo Perps MRNA-USD.P	173.76	0.0050	get 0.0006% / 1h	36m 28s	$43K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. 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 BitgetbpFee Ondo PerpsbpOrdersPrice spread, now 0.000%Rate

Funding earned: $10.58
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$6.42
Costs to cover: 0.170%
Break-even: 11.2 days

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	3.74 bp	12.9 bp −$13	28.4 bp −$284	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
edgeX MRNAUSDC	−0.0337%	4h	173.89	+0.074%	$3K	$245K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	173.81	+0.029%	$28K	$82K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.91	+0.086%	$947K	$615K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.65	−0.063%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.62	−0.081%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.82	+0.035%	$869K	$998K	20x	as long as short
Bitget MRNAUSDTlong	0.0000%	8h	173.76	long leg	$2.8M	$10.5M	20x
Variational Omni MRNA	0.0000%	8h	173.91	+0.088%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.88	+0.070%	$490	$146K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.75	−0.009%	$13K	$433K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MRNAUSDT	0.0000%	8h	173.88	+0.069%	$1.6M	$640K	20x	as long as short
BloFin MRNA-USDT	+0.0015%	8h	173.87	+0.063%	$45K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0024%	8h	173.81	+0.029%	$2.2M	$11.2M	20x	as long as short
Lighter MRNA	+0.0032%	1h	173.93	+0.098%	$158K	$1.1M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.713%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.72	−0.023%	$2K	$63K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	173.75	−0.003%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	173.76	0.000%	$2.6M	$4.4M	10x	as long as short
Ondo Perps MRNA-USD.Pshort	+0.0050%	1h	173.76	0.000%	$43K	$35K	5x
Phoenix MRNA	+0.0230%	1h	173.84	+0.046%	$5K	$191K	10x	as long as short
SoDEX MRNA-USD	+0.0334%	1h	173.82	+0.035%	$40K	$56K	10x	as long as short