Settings8H · net · $10k
Funding arb · Price arb /

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against Aster+0.032%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.032% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MRNAUSDT173.880get 0.0000% / 8h3h 16m$28K$82K20x
ShortOndo Perps MRNA-USD.P173.940.0050get 0.0006% / 1h16m 07s$43K$35K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. 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

Funding earned
$10.58
Price spread: +0.032% → 0.000%
$3.18
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$0.77
Costs to cover
0.130%
Break-even
6.5 days
Slippage unknown: Aster: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Ondo Perps no order-book sample
Aster and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MRNAUSDC−0.0517%4h174.17+0.167%$3K$247K10xas long as short
Aster MRNAUSDTlong0.0000%8h173.88long leg$28K$82K20x
Binance MRNAUSDT0.0000%8h174.04+0.089%$2.2M$11.3M20xas long as short
Bybit MRNAUSDT0.0000%8h173.94+0.032%$948K$614K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h173.94+0.032%$1.3M$5.3M20xas long as short
QFEX MRNA-USD0.0000%1h173.80−0.049%$1.1M$2.6M10xas long as short
Gate MRNA_USDT0.0000%8h173.97+0.049%$870K$999K20xas long as short
Bitget MRNAUSDT0.0000%8h174.00+0.066%$2.8M$10.4M20xas long as short
Variational Omni MRNA0.0000%8h174.17+0.164%$56K$96Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h174.21+0.185%$660$149K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MRNA-USDT0.0000%8h173.93+0.026%$13K$429K20xas long as short
Phemex MRNAUSDT0.0000%8h174.03+0.084%$1.6M$644K20xas long as short
BloFin MRNA-USDT+0.0020%8h174.05+0.095%$45K$29K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.779%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.90+0.009%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h173.77−0.066%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h173.86−0.014%$2.7M$4.5M10xas long as short
Ondo Perps MRNA-USD.Pshort+0.0050%1h173.94+0.032%$43K$35K5x
SoDEX MRNA-USD+0.0168%1h173.96+0.043%$40K$56K10xas long as short
Phoenix MRNA+0.0277%1h173.88−0.003%$5K$191K10xas long as short
Lighter MRNA+0.0576%1h174.15+0.153%$158K$1.1M10xas long as short