Funding you earn now, next payment 08:00 UTC−0.0228%/8h= −25.0% APRnext payment −$0.28 per $10,000 · paid last 24h −0.059%
Price spread now: Ondo Perps against Phoenix−0.118%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Ondo Perps is 0.118% cheaper against Phoenix than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MRNA | 169.91 | 0.0278 | pay 0.0035% / 1h | 56m 28s | $5K | $205K | 10x |
| Short | Ondo Perps MRNA-USD.P | 169.71 | 0.0050 | get 0.0006% / 1h | 56m 28s | $42K | $38K | 5x |
Phoenix MRNA
Ondo Perps MRNA-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Phoenix. 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
- −$47.86
- Price spread: −0.118% → 0.000%
- −$11.77
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$71.64
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 30 min ago; Ondo Perps: 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 Phoenix live order book, 30 min ago | 4.14 bp | 22.4 bp −$22 | 91.4 bp −$914 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
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 | −0.0111% | 4h | 170.02 | +0.064% | $3K | $254K | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 170.00 | +0.052% | $26K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 169.91 | 0.000% | $2.1M | $11.7M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 169.85 | −0.035% | $916K | $623K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 170.06 | +0.088% | $1.2M | $5.4M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 169.87 | −0.024% | $1.1M | $2.5M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 169.84 | −0.041% | $862K | $971K | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 169.78 | −0.077% | $2.6M | $11.1M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 170.41 | +0.296% | $57K | $95K | — | as long as short |
| GRVT MRNA_USDT_Perp | 0.0000% | 8h | 170.32 | +0.241% | $296 | $131K | 10x | as long as short |
edgeX MRNAUSDC
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNA
GRVT MRNA_USDT_PerpShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRNA-USDT | 0.0000% | 8h | 169.79 | −0.069% | $13K | $433K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 169.88 | −0.018% | $1.5M | $675K | 20x | as long as short |
| BloFin MRNA-USDT | +0.0016% | 8h | 169.84 | −0.041% | $45K | $29K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −6.645% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 169.91 | 0.000% | $2K | $65K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 169.84 | −0.044% | $31K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0050% | 1h | 169.80 | −0.065% | $2.6M | $4.6M | 10x | as long as short |
| SoDEX MRNA-USD | +0.0050% | 1h | 169.90 | −0.006% | $39K | $55K | 10x | as long as short |
| Ondo Perps MRNA-USD.Pshort | +0.0050% | 1h | 169.71 | −0.118% | $42K | $38K | 5x | |
| Phoenix MRNAlong | +0.0278% | 1h | 169.91 | long leg | $5K | $205K | 10x | |
| Lighter MRNA | +0.0440% | 1h | 170.11 | +0.118% | $237K | $1.5M | 10x | as long as short |
HTX MRNA-USDT
Phemex MRNAUSDT
BloFin MRNA-USDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
tradeXYZ xyz:MRNA
SoDEX MRNA-USD
Lighter MRNA