MRNA

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%

Price spread now: Arcus against Ondo Perps+0.118%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Arcus

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

The price spread pays, funding is against you. Arcus is 0.118% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.118% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 39 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MRNA-USD.P	169.71	0.0050	pay 0.0006% / 1h	56m 26s	$42K	$38K	5x
Short	Arcus MRNA-USD	169.91	0.0040	get 0.0005% / 1h	56m 26s	$2K	$65K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Ondo Perps. 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 Ondo PerpsbpFee ArcusbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$2.13
Price spread: +0.118% → 0.000%: $11.78
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $0.16
Costs to cover: 0.095%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Arcus: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Arcus no order-book sample	—	—	—	—	—

Ondo Perps and Arcus: 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	−0.0111%	4h	170.02	+0.182%	$3K	$254K	10x	as long as short
Aster MRNAUSDT	0.0000%	8h	170.00	+0.170%	$26K	$81K	20x	as long as short
Binance MRNAUSDT	0.0000%	8h	169.91	+0.118%	$2.1M	$11.7M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	169.85	+0.082%	$916K	$623K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	170.06	+0.206%	$1.2M	$5.4M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	169.87	+0.094%	$1.1M	$2.5M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	169.84	+0.077%	$862K	$971K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	169.78	+0.041%	$2.6M	$11.1M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	170.41	+0.415%	$57K	$95K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	170.32	+0.359%	$296	$131K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRNA-USDT	0.0000%	8h	169.79	+0.048%	$13K	$433K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	169.88	+0.100%	$1.5M	$675K	20x	as long as short
BloFin MRNA-USDT	+0.0016%	8h	169.84	+0.077%	$45K	$29K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−6.535%	$18K	$8K	12x	as long as short
Arcus MRNA-USDshort	+0.0040%	1h	169.91	+0.118%	$2K	$65K	10x
Extended MRNA-USD	+0.0048%	1h	169.84	+0.074%	$31K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	169.80	+0.053%	$2.6M	$4.6M	10x	as long as short
SoDEX MRNA-USD	+0.0050%	1h	169.90	+0.112%	$39K	$55K	10x	as long as short
Ondo Perps MRNA-USD.Plong	+0.0050%	1h	169.71	long leg	$42K	$38K	5x
Phoenix MRNA	+0.0278%	1h	169.91	+0.118%	$5K	$205K	10x	as long as short
Lighter MRNA	+0.0440%	1h	170.11	+0.236%	$237K	$1.5M	10x	as long as short