Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0077%/8h= +8.5% APRpaid last 24h +0.020%

Price spread now: Orderly against Aftermath Perps+0.287%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 Orderly

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.287% dearer against Aftermath Perps than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MRVLUSD	256.02	0.0023	pay 0.0003% / 1h	51m 34s	$746	$48K	10x
Short	Orderly PERP_MRVL_USDC_mythos	256.76	0.0100	get 0.0100% / 8h	2h 51m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.287%Rate

Funding earned: $16.25
Price spread: +0.287% → 0.000%: $28.71
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $29.96
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Orderly: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Aftermath Perps and Orderly: 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
Bitget MRVLUSDT	−0.0561%	8h	256.80	+0.303%	$5.5M	$16.5M	20x	as long as short
BloFin MRVL-USDT	−0.0028%	8h	256.39	+0.143%	$366K	$177K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.61	+0.228%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.56	+0.209%	$49K	$269K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.69	+0.260%	$23.6M	$110.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.60	+0.225%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.76	+0.287%	$6.8M	$23.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.65	+0.244%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.40	+0.147%	$711K	$500K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.50	+0.186%	$780	$191K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	256.70	+0.264%	$2K	$6.0M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.37	+0.135%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSDlong	+0.0023%	1h	256.02	long leg	$746	$48K	10x
Deribit MRVL_USDC-PERPETUAL	+0.0023%	1h	256.73	+0.275%	$22K	$144K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	256.67	+0.252%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.57	+0.213%	$89K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.19	+0.064%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.90	+0.342%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.53	+0.197%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.54	+0.201%	$102K	$80K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.54	+0.201%	$562K	$749K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.67	+0.251%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	254.95	−0.420%	$322K	$632K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.48	+0.178%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	256.76	+0.287%	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	256.76	+0.287%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0118%	8h	256.77	+0.291%	$507K	$62K	20x	as long as short
edgeX MRVLUSDC	+0.0145%	4h	256.44	+0.162%	$36K	$373K	10x	as long as short
Nado MRVL-PERP	+0.0155%	1h	256.76	+0.287%	$88K	$272K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	256.41	+0.150%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.021%	$11K	$735	12x	as long as short
SoDEX MRVL-USD	+0.0366%	1h	256.67	+0.252%	$128	$15K	10x	as long as short