Funding arb · Price arb /

MRNA

RWAall MRNA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against Ondo Perps+0.004%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 HTX

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 airdropOndo Perps: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MRNA-USD.P	173.58	0.0050	pay 0.0006% / 1h	33m 57s	$43K	$35K	5x
Short	HTX MRNA-USDT	173.59	0	get 0.0000% / 8h	4h 33m	$13K	$433K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$10.58
Price spread: +0.004% → 0.000%: $0.4
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$27.18
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 24 min ago. 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 HTX live order book, 24 min ago	27.69 bp	44.1 bp −$44	doesn't fit	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MRNAUSDT	0.0000%	8h	173.80	+0.128%	$28K	$82K	20x	as long as short
Bybit MRNAUSDT	0.0000%	8h	173.76	+0.104%	$947K	$615K	25x	as long as short
OKX MRNA-USDT-SWAP	0.0000%	8h	173.72	+0.081%	$1.3M	$5.2M	20x	as long as short
QFEX MRNA-USD	0.0000%	1h	173.56	−0.012%	$1.1M	$2.7M	10x	as long as short
Gate MRNA_USDT	0.0000%	8h	173.74	+0.092%	$869K	$1.0M	20x	as long as short
Bitget MRNAUSDT	0.0000%	8h	173.68	+0.058%	$2.8M	$10.5M	20x	as long as short
Variational Omni MRNA	0.0000%	8h	173.77	+0.112%	$49K	$89K	—	as long as short
GRVT MRNA_USDT_Perp	0.0000%	8h	173.84	+0.149%	$450	$147K	10x	as long as short
HTX MRNA-USDTshort	0.0000%	8h	173.59	+0.004%	$13K	$433K	20x
Phemex MRNAUSDT	0.0000%	8h	173.76	+0.104%	$1.6M	$640K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRNA-USDT	+0.0013%	8h	173.77	+0.109%	$45K	$29K	20x	as long as short
Binance MRNAUSDT	+0.0023%	8h	173.75	+0.099%	$2.2M	$11.2M	20x	as long as short
Lighter MRNA	+0.0032%	1h	173.85	+0.156%	$158K	$1.1M	10x	as long as short
Injective MRNA/USDC PERP	+0.0033%	1h	158.62	−8.619%	$18K	$8K	12x	as long as short
Arcus MRNA-USD	+0.0040%	1h	173.69	+0.063%	$2K	$63K	10x	as long as short
Extended MRNA-USD	+0.0048%	1h	173.55	−0.020%	$32K	$32K	10x	as long as short
tradeXYZ xyz:MRNA	+0.0050%	1h	173.57	−0.006%	$2.6M	$4.4M	10x	as long as short
Ondo Perps MRNA-USD.Plong	+0.0050%	1h	173.58	long leg	$43K	$35K	5x
Phoenix MRNA	+0.0230%	1h	173.84	+0.150%	$5K	$191K	10x	as long as short
SoDEX MRNA-USD	+0.0317%	1h	173.71	+0.075%	$40K	$56K	10x	as long as short
edgeX MRNAUSDC	+0.0370%	4h	173.83	+0.142%	$3K	$246K	10x	as long as short