Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0536%/8h= +58.7% APRpaid last 24h −0.025%

Price spread now: Ondo Perps against edgeX−0.142%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Ondo Perps

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.142% cheaper against edgeX than usual: you would sell low and buy high (spread −0.142% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 21 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MRNAUSDC	171.04	−0.0486	get 0.0243% / 4h	2h 15m	$3K	$256K	10x
Short	Ondo Perps MRNA-USD.P	170.80	0.0050	get 0.0006% / 1h	15m 09s	$42K	$39K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. 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 edgeXbpFee Ondo PerpsbpOrdersPrice spread, now −0.142%Rate

Funding earned: $112.6
Price spread: −0.142% → 0.000%: −$14.19
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $84.41
Costs to cover: 0.140%
Break-even: 1.8 days

Slippage unknown: edgeX: live order book, 35 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 edgeX live order book, 35 min ago	3.54 bp	10.6 bp −$11	doesn't fit	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 exchanges

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 MRNAUSDClong	−0.0486%	4h	171.04	long leg	$3K	$256K	10x
BloFin MRNA-USDT	−0.0019%	8h	171.03	−0.007%	$45K	$29K	20x	as long as short
Aster MRNAUSDT	0.0000%	8h	171.06	+0.010%	$26K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	171.08	+0.024%	$2.1M	$11.7M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	171.08	+0.022%	$923K	$613K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	170.99	−0.031%	$1.2M	$5.5M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	170.94	−0.060%	$1.1M	$2.4M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	171.01	−0.019%	$868K	$981K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	170.98	−0.037%	$2.7M	$11.1M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	171.04	0.000%	$59K	$94K	—	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRNA_USDT_Perp	0.0000%	8h	171.07	+0.014%	$795	$129K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	171.21	+0.098%	$13K	$433K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	171.09	+0.028%	$1.5M	$671K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−7.263%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	170.85	−0.113%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	170.97	−0.041%	$31K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	170.99	−0.031%	$2.6M	$4.6M	10x	as long as short
Ondo Perps MRNA-USD.Pshort	+0.0050%	1h	170.80	−0.142%	$42K	$39K	5x
Phoenix MRNA	+0.0188%	1h	171.16	+0.069%	$5K	$205K	10x	as long as short
Lighter MRNA	+0.0192%	1h	171.22	+0.104%	$239K	$1.5M	10x	as long as short
SoDEX MRNA-USD	+0.0315%	1h	171.03	−0.007%	$40K	$55K	10x	as long as short