Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.026%

Price spread now: BloFin against ApeX Omni+0.035%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$990.987% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.035%, 7d avg −0.003%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.038% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.003%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MRVLUSDT	256.48	0.0100	pay 0.0013% / 1h	49m 45s	$4K	$140K	50x
Short	BloFin MRVL-USDT	256.57	0.0017	get 0.0017% / 8h	2h 49m	$367K	$177K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$17.52
Price spread: +0.035% → −0.003%: $3.8
Slippage, 4 orders: −$76.68
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$112.4
Costs to cover: 0.987%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 61 min ago; BloFin: live order book, 40 min ago.

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 ApeX Omni live order book, 61 min ago	27.89 bp	38.7 bp −$39	196.2 bp −$1,962	doesn't fit	doesn't fit
Sell BloFin live order book, 40 min ago	0.78 bp	9.0 bp −$9	15.1 bp −$151	doesn't fit	doesn't fit

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	−0.0549%	8h	256.44	−0.016%	$5.5M	$16.5M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.44	−0.016%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.58	+0.038%	$49K	$267K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.46	−0.008%	$23.6M	$110.5M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.47	−0.004%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.35	−0.051%	$6.8M	$23.0M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.63	+0.058%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.60	+0.047%	$712K	$498K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.50	+0.008%	$780	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.67	+0.074%	$2K	$6.0M	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	256.52	+0.016%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.37	−0.043%	$129K	$42K	50x	as long as short
BloFin MRVL-USDTshort	+0.0017%	8h	256.57	+0.035%	$367K	$177K	50x
Aftermath Perps MRVLUSD	+0.0022%	1h	256.19	−0.113%	$595	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	256.72	+0.094%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.56	+0.031%	$89K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.31	−0.066%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.93	+0.175%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.49	+0.004%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.60	+0.047%	$102K	$80K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.61	+0.051%	$562K	$751K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.37	−0.042%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	254.95	−0.597%	$322K	$632K	10x	as long as short
ApeX Omni MRVLUSDTlong	+0.0100%	1h	256.48	long leg	$4K	$140K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.60	+0.047%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.58	+0.038%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0119%	8h	256.55	+0.027%	$506K	$62K	20x	as long as short
Nado MRVL-PERP	+0.0136%	1h	256.65	+0.067%	$87K	$272K	10x	as long as short
edgeX MRVLUSDC	+0.0145%	4h	256.44	−0.016%	$36K	$373K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	256.41	−0.027%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+0.842%	$11K	$735	12x	as long as short
SoDEX MRVL-USD	+0.0307%	1h	256.56	+0.031%	$128	$15K	10x	as long as short