Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.005%

Price spread now: Bitget against Aftermath Perps+0.069%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Bitget

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bitget is 0.069% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MRVLUSD	256.99	0.0011	pay 0.0001% / 1h	26m 34s	$656	$54K	10x
Short	Bitget MRVLUSDT	257.17	0	get 0.0000% / 8h	2h 26m	$5.6M	$16.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aftermath 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

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee BitgetbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$2.39
Price spread: +0.069% → 0.000%: $6.89
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.49
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Bitget: live order book, 2 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	1.36 bp	9.7 bp −$10	13.4 bp −$134	30.8 bp −$3,077	doesn't fit

Aftermath 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.

MRVL on 32 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
Aster MRVLUSDT	0.0000%	8h	257.07	+0.029%	$310K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.20	+0.081%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.23	+0.092%	$24.0M	$115.1M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.04	+0.018%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.10	+0.042%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.25	+0.100%	$5.5M	$9.9M	50x	as long as short
Bitget MRVLUSDTshort	0.0000%	8h	257.17	+0.069%	$5.6M	$16.3M	20x
Variational Omni MRVL	0.0000%	8h	257.12	+0.051%	$710K	$760K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.08	+0.032%	$617	$249K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	257.20	+0.081%	$2K	$7.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	257.12	+0.049%	$22K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.09	+0.038%	$130K	$81K	50x	as long as short
BloFin MRVL-USDT	+0.0010%	8h	257.12	+0.049%	$376K	$172K	50x	as long as short
Aftermath Perps MRVLUSDlong	+0.0011%	1h	256.99	long leg	$656	$54K	10x
Lighter MRVL	+0.0032%	1h	257.25	+0.100%	$91K	$219K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.89	−0.040%	$25K	$30K	5x	as long as short
QFEX MRVL-USD	+0.0043%	1h	257.13	+0.053%	$1.1M	$4.2M	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.25	+0.100%	—	$41K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.09	+0.038%	$14.1M	$9.4M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.17	+0.069%	$298	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.03	+0.014%	$585K	$926K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0060%	8h	257.13	+0.054%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	257.04	+0.018%	$510K	$72K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.89	−0.040%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.21	+0.085%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.18	+0.073%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0112%	1h	257.17	+0.069%	$314K	$884K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0124%	1h	257.34	+0.135%	$106K	$64K	10x	as long as short
Phoenix MRVL	+0.0156%	1h	257.11	+0.046%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	259.72	+1.061%	$11K	$609	12x	as long as short
Nado MRVL-PERP	+0.0457%	1h	257.02	+0.010%	$509K	$66K	10x	as long as short
edgeX MRVLUSDC	+0.0852%	4h	257.12	+0.049%	$36K	$369K	10x	as long as short