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Funding arb · Price arb /

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 09:00 UTC+0.0254%/8h= +27.8% APRnext payment +$0.32 per $10,000 · paid last 24h +0.064%
Price spread now: Lighter against Ondo Perps+0.206%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on Lighter
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 · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter is 0.206% dearer against Ondo Perps than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps MRNA-USD.P170.100.0050pay 0.0006% / 1h20m 36s$43K$38K5x
ShortLighter MRNA170.450.0304get 0.0038% / 1h20m 36s$235K$1.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$53.26
Price spread: +0.206% → 0.000%
$20.58
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Lighter: 0 bp × 2 orders
$0
Net
$68.83
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 5 min ago. 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 Ondo Perps no order-book sample—————
Sell Lighter live order book, 5 min ago1.77 bp2.5 bp −$238.3 bp −$383208.9 bp −$20.9Kdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MRNAUSDC−0.0956%4h170.07−0.017%$3K$252K10xas long as short
QFEX MRNA-USD0.0000%1h169.99−0.065%$1.1M$2.5M10xas long as short
Aster MRNAUSDT0.0000%8h170.22+0.071%$26K$82K20xas long as short
Binance MRNAUSDT0.0000%8h170.34+0.142%$2.1M$11.5M20xas long as short
Bybit MRNAUSDT0.0000%8h170.41+0.182%$915K$617K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h170.28+0.106%$1.2M$5.4M20xas long as short
Gate MRNA_USDT0.0000%8h170.23+0.076%$877K$990K20xas long as short
Bitget MRNAUSDT0.0000%8h170.100.000%$2.5M$10.8M20xas long as short
Variational Omni MRNA0.0000%8h170.32+0.130%$57K$95K—as long as short
GRVT MRNA_USDT_Perp0.0000%8h170.04−0.035%$5$131K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MRNA-USDT0.0000%8h170.19+0.052%$13K$432K20xas long as short
Phemex MRNAUSDT0.0000%8h170.21+0.065%$1.5M$657K20xas long as short
BloFin MRNA-USDT+0.0026%8h170.08−0.012%$45K$29K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−6.749%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h170.12+0.012%$2K$65K10xas long as short
Extended MRNA-USD+0.0048%1h170.10+0.002%$31K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0050%1h170.12+0.012%$2.6M$4.4M10xas long as short
Ondo Perps MRNA-USD.Plong+0.0050%1h170.10long leg$43K$38K5x
SoDEX MRNA-USD+0.0163%1h170.17+0.041%$39K$55K10xas long as short
Phoenix MRNA+0.0278%1h170.22+0.071%$5K$191K10xas long as short
Lighter MRNAshort+0.0304%1h170.45+0.206%$235K$1.5M10x