Settings8H · net · $10k
Funding arb · Price arb /

MRNA

RWAall MRNA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0318%/8h= +34.9% APRnext payment +$0.40 per $10,000 · paid last 24h +0.081%
Price spread now: SoDEX against Ondo Perps+0.046%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and SoDEX is 0.046% dearer against Ondo Perps than usual: you sell high and buy low: +$5 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.P173.770.0050pay 0.0006% / 1h25m 44s$43K$35K5x
ShortSoDEX MRNA-USD173.850.0369get 0.0046% / 1h25m 44s$40K$56K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$66.86
Price spread: +0.046% → 0.000%
$4.6
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$58.46
Costs to cover
0.130%
Break-even
0.9 days
Slippage unknown: Ondo Perps: no order-book sample; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell SoDEX no order-book sample
Ondo Perps and SoDEX: 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−0.0039%4h173.86+0.053%$3K$244K10xas long as short
Aster MRNAUSDT0.0000%8h173.75−0.013%$28K$81K20xas long as short
Bybit MRNAUSDT0.0000%8h173.81+0.023%$944K$662K25xas long as short
OKX MRNA-USDT-SWAP0.0000%8h173.770.000%$1.3M$5.3M20xas long as short
QFEX MRNA-USD0.0000%1h173.74−0.017%$1.1M$2.7M10xas long as short
Gate MRNA_USDT0.0000%8h173.85+0.046%$869K$1.0M20xas long as short
Bitget MRNAUSDT0.0000%8h173.71−0.035%$2.7M$10.6M20xas long as short
Variational Omni MRNA0.0000%8h173.83+0.037%$49K$89Kas long as short
GRVT MRNA_USDT_Perp0.0000%8h173.92+0.086%$296$148K10xas long as short
HTX MRNA-USDT0.0000%8h173.60−0.100%$14K$434K20xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MRNAUSDT0.0000%8h173.93+0.092%$1.6M$641K20xas long as short
Injective MRNA/USDC PERP+0.0033%1h158.62−8.718%$18K$8K12xas long as short
Arcus MRNA-USD+0.0040%1h173.75−0.012%$2K$64K10xas long as short
Ondo Perps MRNA-USD.Plong+0.0050%1h173.77long leg$43K$35K5x
Binance MRNAUSDT+0.0060%8h173.88+0.066%$2.2M$11.2M20xas long as short
BloFin MRNA-USDT+0.0064%8h173.83+0.035%$45K$29K20xas long as short
Extended MRNA-USD+0.0088%1h173.72−0.031%$32K$32K10xas long as short
tradeXYZ xyz:MRNA+0.0092%1h173.73−0.023%$2.6M$4.4M10xas long as short
Phoenix MRNA+0.0185%1h173.92+0.086%$5K$189K10xas long as short
SoDEX MRNA-USDshort+0.0369%1h173.85+0.046%$40K$56K10x
Lighter MRNA+0.1624%1h173.88+0.063%$104K$1.1M10xas long as short