Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Phemex against Ondo Perps+0.132%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 pays, funding is against you. Phemex is 0.132% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.132% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MRNA-USD.P | 174.19 | 0.0050 | pay 0.0006% / 1h | 45m 03s | $44K | $39K | 5x |
| Short | Phemex MRNAUSDT | 174.42 | 0 | get 0.0000% / 8h | 7h 45m | $1.6M | $647K | 20x |
Ondo Perps MRNA-USD.P
Phemex MRNAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.58
- Price spread: +0.132% → 0.000%
- $13.2
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$14.38
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 2.59 bp | 32.8 bp −$33 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0168% | 4h | 173.60 | −0.341% | $3K | $245K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.78 | −0.233% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 174.48 | +0.167% | $2.2M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 174.62 | +0.247% | $948K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 174.50 | +0.178% | $1.4M | $5.3M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 174.54 | +0.201% | $1.1M | $2.7M | 10x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 174.36 | +0.098% | $2.7M | $10.5M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 174.46 | +0.154% | $49K | $89K | — | as long as short |
| HTX MRNA-USDT | 0.0000% | 8h | 174.51 | +0.184% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDTshort | 0.0000% | 8h | 174.42 | +0.132% | $1.6M | $647K | 20x |
edgeX MRNAUSDC
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Bitget MRNAUSDT
Variational Omni MRNA
HTX MRNA-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRNA-USDT | +0.0011% | 8h | 174.52 | +0.189% | $44K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.939% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.74 | −0.258% | $2K | $65K | 10x | as long as short |
| Ondo Perps MRNA-USD.Plong | +0.0050% | 1h | 174.19 | long leg | $44K | $39K | 5x | |
| Gate MRNA_USDT | +0.0066% | 8h | 174.28 | +0.052% | $879K | $1.1M | 20x | as long as short |
| tradeXYZ xyz:MRNA | +0.0180% | 1h | 174.42 | +0.132% | $2.6M | $4.2M | 10x | as long as short |
| Extended MRNA-USD | +0.0200% | 1h | 174.42 | +0.132% | $32K | $32K | 10x | as long as short |
| Phoenix MRNA | +0.0231% | 1h | 174.52 | +0.189% | $5K | $193K | 10x | as long as short |
| GRVT MRNA_USDT_Perp | +0.0903% | 8h | 173.58 | −0.348% | $219 | $162K | 10x | as long as short |
| Lighter MRNA | +0.1520% | 1h | 174.21 | +0.011% | $123K | $1.0M | 10x | as long as short |
| SoDEX MRNA-USD | +0.1533% | 1h | 174.22 | +0.017% | $40K | $66K | 10x | as long as short |
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Gate MRNA_USDT
tradeXYZ xyz:MRNA
Extended MRNA-USD
Phoenix MRNA
GRVT MRNA_USDT_Perp
Lighter MRNA
SoDEX MRNA-USD