Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.024%

Price spread now: edgeX against ApeX Omni+0.196%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$940.937% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.196%, 7d avg +0.008%

Together, before fees−0.120%+ Points / potential airdropedgeX: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and edgeX is 0.189% dearer against ApeX Omni than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.008%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MRVLUSDT	255.31	0.0100	pay 0.0013% / 1h	54m 15s	$4K	$140K	50x
Short	edgeX MRVLUSDC	255.81	0.0395	get 0.0197% / 4h	1h 54m	$36K	$372K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.196%Rate

Funding earned: $61.94
Price spread: +0.196% → +0.008%: $18.87
Slippage, 4 orders: −$74.73
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$12.92
Costs to cover: 0.937%
Break-even: 8.5 days

Slippage from ApeX Omni: live order book, 52 min ago; edgeX: live order book, 54 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, 52 min ago	24.19 bp	39.7 bp −$40	201.8 bp −$2,018	doesn't fit	doesn't fit
Sell edgeX live order book, 54 min ago	5.46 bp	10.2 bp −$10	14.9 bp −$149	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	−0.0707%	8h	255.05	−0.102%	$5.5M	$17.1M	20x	as long as short
BloFin MRVL-USDT	−0.0012%	8h	255.09	−0.086%	$363K	$182K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.94	−0.143%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.67	−0.251%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.90	−0.161%	$23.6M	$112.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.82	−0.192%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.79	−0.204%	$6.8M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.95	−0.141%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.15	−0.063%	$710K	$482K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.36	+0.018%	$403	$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	254.93	−0.149%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.65	−0.259%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.46	+0.059%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	255.40	+0.033%	$595	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	253.60	−0.670%	$318K	$634K	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.76	−0.215%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	254.79	−0.204%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.15	−0.063%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.16	−0.059%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.72	−0.231%	$14.0M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.62	−0.270%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.88	−0.168%	$168	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.92	−0.153%	$564K	$763K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	254.80	−0.198%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0081%	1h	254.87	−0.173%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.99	−0.125%	$505K	$65K	20x	as long as short
ApeX Omni MRVLUSDTlong	+0.0100%	1h	255.31	long leg	$4K	$140K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.78	−0.208%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.72	−0.232%	$18	—	10x	as long as short
Phoenix MRVL	+0.0157%	1h	255.35	+0.016%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.37	+1.199%	$11K	$782	12x	as long as short
edgeX MRVLUSDCshort	+0.0395%	4h	255.81	+0.196%	$36K	$372K	10x