Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Bybit against ApeX Omni−0.004%49s7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$960.957% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now −0.004%, 7d avg −0.031%

Together, before fees−0.301%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.027% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.031%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours. The two prices were read 49 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	ApeX Omni MRVLUSDT	255.09	0.0100	pay 0.0013% / 1h	20m 40s	$4K	$141K	50x
Short	Bybit MRVLUSDT	255.08	0	get 0.0000% / 8h	20m 40s	$5.0M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$21
Price spread: −0.004% → −0.031%: $2.71
Slippage, 4 orders: −$74.74
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$114.03
Costs to cover: 0.957%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 15 min ago; Bybit: live order book, 2 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, 15 min ago	22.89 bp	33.6 bp −$34	200.8 bp −$2,008	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.37 bp	10.8 bp −$11	28.3 bp −$283	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	−0.0539%	8h	255.33	+0.094%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	254.76	−0.129%	$334K	$652K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.16	+0.027%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.13	+0.016%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.15	+0.024%	$23.5M	$114.0M	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	255.08	−0.004%	$5.0M	$4.1M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	255.08	−0.004%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.21	+0.047%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.07	−0.008%	$715K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.86	−0.090%	$367	$189K	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	255.24	+0.059%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.01	−0.031%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.02	−0.027%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.05	−0.016%	$676	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.16	+0.027%	$1.1M	$3.5M	10x	as long as short
BloFin MRVL-USDT	+0.0027%	8h	255.02	−0.027%	$367K	$188K	50x	as long as short
Lighter MRVL	+0.0032%	1h	255.11	+0.008%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.80	−0.114%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.29	+0.078%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.02	−0.027%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.05	−0.016%	$99K	$84K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.07	−0.008%	$209	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.72	−0.145%	$531K	$839K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.09	−0.001%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0056%	1h	255.10	+0.003%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.05	−0.016%	$504K	$69K	20x	as long as short
ApeX Omni MRVLUSDTlong	+0.0100%	1h	255.09	long leg	$4K	$141K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.10	+0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.08	−0.003%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	254.98	−0.043%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.149%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0393%	4h	254.88	−0.081%	$36K	$374K	10x	as long as short