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

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0017%/8hnext payment +$0.02 per $10,000 · paid last 24h +0.026%
Price spread now: Ondo Perps against Injective+9.293%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 9.293% dearer against Injective than usual: you sell high and buy low: +$929 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective MRNA/USDC PERP158.620.0033pay 0.0004% / 1h21m 50s$18K$8K12x
ShortOndo Perps MRNA-USD.P173.360.0050get 0.0006% / 1h21m 50s$42K$36K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Injective. 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
$3.58
Price spread: +9.293% → 0.000%
$929.26
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$927.83
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Injective: 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 Injective no order-book sample
Sell Ondo Perps no order-book sample
Injective 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−0.0278%4h173.54+9.409%$3K$234K10xas long as short
Aster MRNAUSDT0.0000%8h173.70+9.505%$30K$75K20xas long as short
Binance MRNAUSDT0.0000%8h173.72+9.521%$2.2M$10.7M20xas long as short
Bybit MRNAUSDT0.0000%8h173.71+9.513%$965K$998K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h173.73+9.526%$1.4M$4.7M20xas long as short
QFEX MRNA-USD0.0000%1h173.59+9.438%$1.1M$2.4M10xas long as short
Gate MRNA_USDT0.0000%8h173.62+9.457%$882K$1.1M20xas long as short
Bitget MRNAUSDT0.0000%8h173.56+9.419%$2.7M$9.9M20xas long as short
Variational Omni MRNA0.0000%8h173.65+9.475%$35K$70Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h173.49+9.374%$73$165K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MRNA-USDT0.0000%8h173.81+9.579%$12K$427K20xas long as short
Phemex MRNAUSDT0.0000%8h173.63+9.463%$1.6M$598K20xas long as short
BloFin MRNA-USDT+0.0013%8h173.63+9.463%$45K$28K20xas long as short
Injective MRNA/USDC PERPlong+0.0033%1h158.62long leg$18K$8K12x
Arcus MRNA-USD+0.0040%1h173.55+9.412%$2K$64K10xas long as short
Extended MRNA-USD+0.0048%1h173.58+9.429%$48K$16K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h173.60+9.444%$2.6M$3.8M10xas long as short
SoDEX MRNA-USD+0.0050%1h173.58+9.431%$80$55K10xas long as short
Ondo Perps MRNA-USD.Pshort+0.0050%1h173.36+9.293%$42K$36K5x
Lighter MRNA+0.0168%1h173.79+9.564%$157K$973K10xas long as short
Phoenix MRNA+0.0229%1h173.35+9.286%$5K$178K10xas long as short