MRNA funding rates

MRNA perpetual funding is currently quoted across 13 venues, ranging from -4.5% to +10.9% APR. The most reliable delta-neutral pairing for MRNA right now is long TradeXYZ / short Phoenix at +0.4% net APR (low risk, ~5.6d to break even).

as of 2026-10-19 17:49 UTC
Best delta-neutral pairing
Long TradeXYZ / Short Phoenix
+0.4% net APR
Backtested (30d)
+7.0%
Stability
84.3%
Risk
low
Breakeven
~5.6d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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MRNA funding by exchange

ExchangeFunding APR
TxFlow+10.95%
Ondo+5.52%
SoDEX+5.47%
Arcus+4.44%
Phoenix+3.93%
Lighter+3.50%
QFEX+0.00%
Decibel+0.00%
Variational+0.00%
Aster+0.00%
Grvt+0.00%
Extended-4.38%
TradeXYZ-4.54%

Frequently asked

What is the MRNA funding rate right now?

MRNA perpetual funding ranges from -4.54% to 10.95% APR across 13 exchanges we track; the widest delta-neutral spread is long TradeXYZ / short Phoenix at 0.4% net APR.

Which exchange has the highest MRNA funding rate?

TxFlow currently has the highest at 10.95% APR. See the full ranking above.