Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Bybit against Ondo Perps+0.082%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. Bybit is 0.082% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MRNA-USD.P | 169.71 | 0.0050 | pay 0.0006% / 1h | 56m 26s | $42K | $38K | 5x |
| Short | Bybit MRNAUSDT | 169.85 | 0 | get 0.0000% / 8h | 6h 56m | $916K | $623K | 25x |
Ondo Perps MRNA-USD.P
Bybit MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.58
- Price spread: +0.082% → 0.000%
- $8.25
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$18.33
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 64 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 64 min ago | 4.93 bp | 90.9 bp −$91 | 1636.1 bp −$16.4K | doesn't fit | doesn't fit |
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 | −0.0111% | 4h | 170.02 | +0.182% | $3K | $254K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 170.00 | +0.170% | $26K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 169.91 | +0.118% | $2.1M | $11.7M | 20x | as long as short |
| Bybit MRNAUSDTshort | 0.0000% | 8h | 169.85 | +0.082% | $916K | $623K | 25x | |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 170.06 | +0.206% | $1.2M | $5.4M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 169.87 | +0.094% | $1.1M | $2.5M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 169.84 | +0.077% | $862K | $971K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 169.78 | +0.041% | $2.6M | $11.1M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 170.41 | +0.415% | $57K | $95K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 170.32 | +0.359% | $296 | $131K | 10x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Binance MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 169.79 | +0.048% | $13K | $433K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 169.88 | +0.100% | $1.5M | $675K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0016% | 8h | 169.84 | +0.077% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −6.535% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 169.91 | +0.118% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 169.84 | +0.074% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 169.80 | +0.053% | $2.6M | $4.6M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 169.90 | +0.112% | $39K | $55K | 10x | as long as short |
| Ondo Perps MRNA-USD.Plong | +0.0050% | 1h | 169.71 | long leg | $42K | $38K | 5x | |
| Phoenix MRNA | +0.0278% | 1h | 169.91 | +0.118% | $5K | $205K | 10x | as long as short |
| Lighter MRNA | +0.0440% | 1h | 170.11 | +0.236% | $237K | $1.5M | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD
Phoenix MRNA
Lighter MRNA