Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

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: Aster against Ondo Perps−0.053%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Aster

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 airdropOndo Perps: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.053% cheaper against Ondo Perps than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MRNA-USD.P	173.94	0.0050	pay 0.0006% / 1h	18m 04s	$43K	$35K	5x
Short	Aster MRNAUSDT	173.85	0	get 0.0000% / 8h	3h 18m	$28K	$82K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$10.58
Price spread: −0.053% → 0.000%: −$5.34
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.92
Costs to cover: 0.130%
Break-even: never at this rate

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

Ondo Perps and Aster: 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	−0.0517%	4h	174.17	+0.135%	$3K	$247K	10x	as long as short
BloFin MRNA-USDT	−0.0006%	8h	174.35	+0.236%	$45K	$29K	20x	as long as short
Aster MRNAUSDTshort	0.0000%	8h	173.85	−0.053%	$28K	$82K	20x
Binance MRNAUSDT	0.0000%	8h	173.92	−0.011%	$2.2M	$11.3M	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.77	−0.098%	$947K	$615K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.80	−0.080%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.90	−0.023%	$1.1M	$2.6M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.94	0.000%	$869K	$999K	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.84	−0.057%	$2.8M	$10.4M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	174.17	+0.132%	$56K	$96K	—	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRNA_USDT_Perp	0.0000%	8h	174.21	+0.154%	$660	$149K	10x	as long as short
HTX MRNA-USDT	0.0000%	8h	173.73	−0.122%	$13K	$430K	20x	as long as short
Phemex MRNAUSDT	0.0000%	8h	173.95	+0.006%	$1.6M	$643K	20x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.808%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	174.00	+0.034%	$2K	$65K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	173.59	−0.201%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	173.77	−0.098%	$2.7M	$4.5M	10x	as long as short
Ondo Perps MRNA-USD.Plong	+0.0050%	1h	173.94	long leg	$43K	$35K	5x
SoDEX MRNA-USD	+0.0165%	1h	173.92	−0.011%	$40K	$56K	10x	as long as short
Phoenix MRNA	+0.0277%	1h	174.10	+0.092%	$5K	$191K	10x	as long as short
Lighter MRNA	+0.0656%	1h	174.20	+0.149%	$158K	$1.1M	10x	as long as short