MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 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−0.058%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 0.058% cheaper against QFEX than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.8 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	173.48	0	get 0.0000% / 1h	9m 33s	$1.1M	$2.6M	10x
Short	Ondo Perps MRNA-USD.P	173.38	0.0050	get 0.0006% / 1h	9m 33s	$43K	$35K	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 −0.058%Rate

Funding earned: $10.58
Price spread: −0.058% → 0.000%: −$5.76
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: −$10.18
Costs to cover: 0.150%
Break-even: 13.7 days

Slippage unknown: QFEX: live order book, 3 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, 3 min ago	1.15 bp	11.9 bp −$12	18.6 bp −$186	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	−0.0301%	4h	173.56	+0.046%	$3K	$246K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	173.53	+0.029%	$28K	$82K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.71	+0.133%	$946K	$615K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.51	+0.017%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USDlong	0.0000%	1h	173.48	long leg	$1.1M	$2.6M	10x
Gate MRNA_USDT	0.0000%	8h	173.58	+0.058%	$868K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.66	+0.104%	$2.8M	$10.6M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.56	+0.048%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.59	+0.064%	$222	$146K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.46	−0.012%	$14K	$431K	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	173.60	+0.069%	$1.6M	$640K	20x	as long as short
BloFin MRNA-USDT	+0.0015%	8h	173.54	+0.035%	$45K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0025%	8h	173.58	+0.058%	$2.2M	$11.2M	20x	as long as short
Lighter MRNA	+0.0032%	1h	173.66	+0.104%	$157K	$1.1M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.566%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.46	−0.012%	$2K	$63K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	173.53	+0.029%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	173.51	+0.017%	$2.7M	$4.4M	10x	as long as short
Ondo Perps MRNA-USD.Pshort	+0.0050%	1h	173.38	−0.058%	$43K	$35K	5x
Phoenix MRNA	+0.0230%	1h	173.73	+0.144%	$5K	$191K	10x	as long as short
SoDEX MRNA-USD	+0.0333%	1h	173.58	+0.058%	$40K	$56K	10x	as long as short