MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0546%/8h= +59.8% APRnext payment +$0.68 per $10,000 · paid last 24h −0.077%

Price spread now: Ondo Perps against Lighter−0.104%55s7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.104% cheaper against Lighter than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 15 hours of funding at the current rate (+$16 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRNA	172.66	−0.0496	get 0.0062% / 1h	13m 47s	$104K	$1.1M	10x
Short	Ondo Perps MRNA-USD.P	172.48	0.0050	get 0.0006% / 1h	13m 47s	$43K	$36K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Lighter. 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 LighterbpFee Ondo PerpsbpOrdersPrice spread, now −0.104%Rate

Funding earned: $114.74
Price spread: −0.104% → 0.000%: −$10.43
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $99.32
Costs to cover: 0.050%
Break-even: 0.9 days

Slippage unknown: Lighter: live order book, 2 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 Lighter live order book, 2 min ago	2.61 bp	4.6 bp −$5	29.9 bp −$299	169.5 bp −$16.9K	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 20 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
Lighter MRNAlong	−0.0496%	1h	172.66	long leg	$104K	$1.1M	10x
edgeX MRNAUSDC	−0.0272%	4h	172.60	−0.032%	$3K	$247K	10x	as long as short
QFEX MRNA-USD	0.0000%	1h	172.61	−0.029%	$1.1M	$2.7M	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	172.58	−0.046%	$28K	$81K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	172.69	+0.017%	$936K	$740K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	172.51	−0.087%	$1.3M	$5.3M	20x	as long as short
Gate MRNA_USDT	0.0000%	8h	172.64	−0.012%	$865K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	172.59	−0.041%	$2.6M	$10.5M	20x	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	172.66	0.000%	$228	$150K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	172.34	−0.184%	$12K	$429K	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MRNAUSDT	0.0000%	8h	172.69	+0.017%	$1.6M	$651K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.132%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	172.51	−0.087%	$2K	$64K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	172.47	−0.112%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	172.59	−0.041%	$2.6M	$4.4M	10x	as long as short
Ondo Perps MRNA-USD.Pshort	+0.0050%	1h	172.48	−0.104%	$43K	$36K	5x
Variational Omni MRNA	+0.0057%	8h	172.57	−0.050%	$49K	$89K	—	as long as short
Binance MRNAUSDT	+0.0089%	8h	172.67	+0.006%	$2.1M	$11.4M	20x	as long as short
SoDEX MRNA-USD	+0.0150%	1h	172.66	0.000%	$40K	$56K	10x	as long as short
Phoenix MRNA	+0.0279%	1h	172.61	−0.029%	$5K	$193K	10x	as long as short