Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against ApeX Omni−0.112%51s7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as 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−$1071.073% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.449%−$45 on $10k

Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.112%, 7d avg +0.015%

Together, before fees−0.300%−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.127% cheaper against ApeX Omni than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.015%). Swap the legs. The two prices were read 51 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	258.35	0.0100	pay 0.0013% / 1h	18m 37s	$4K	$142K	50x
Short	Gate MRVL_USDT	258.06	0	get 0.0000% / 8h	1h 18m	$5.5M	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.112%Rate

Funding earned: −$21
Price spread: −0.112% → +0.015%: −$12.74
Slippage, 4 orders: −$82.3
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$141.05
Costs to cover: 1.073%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 62 min ago; Gate: live order book, 5 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, 62 min ago	25.87 bp	40.6 bp −$41	200.4 bp −$2,004	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.52 bp	12.9 bp −$13	30.3 bp −$303	43.0 bp −$4,303	76.6 bp −$38.3K

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
Nado MRVL-PERP	−0.0026%	1h	258.02	−0.126%	$74K	$309K	10x	as long as short
BloFin MRVL-USDT	−0.0012%	8h	258.28	−0.027%	$376K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.83	−0.201%	$311K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	258.01	−0.131%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	258.06	−0.113%	$24.1M	$114.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.96	−0.151%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	258.04	−0.120%	$7.1M	$22.4M	50x	as long as short
Gate MRVL_USDTshort	0.0000%	8h	258.06	−0.112%	$5.5M	$9.8M	50x
Bitget MRVLUSDT	0.0000%	8h	258.04	−0.120%	$5.6M	$16.5M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	258.28	−0.026%	$712K	$759K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRVL_USDT_Perp	0.0000%	8h	258.29	−0.023%	$785	$237K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	258.07	−0.108%	$2K	$6.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	258.01	−0.132%	$22K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	258.24	−0.043%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	258.16	−0.073%	$599	$54K	10x	as long as short
Lighter MRVL	+0.0032%	1h	258.11	−0.093%	$92K	$208K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	257.88	−0.182%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	258.25	−0.039%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.91	−0.170%	$14.6M	$9.5M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	258.04	−0.120%	$237	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.85	−0.194%	$590K	$939K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0058%	8h	258.04	−0.120%	—	—	5x	as long as short
Polymarket Perps MRVL-USD	+0.0061%	1h	258.12	−0.089%	$107K	$68K	10x	as long as short
QFEX MRVL-USD	+0.0064%	1h	257.89	−0.178%	$1.1M	$4.3M	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	258.19	−0.062%	$511K	$68K	20x	as long as short
ApeX Omni MRVLUSDTlong	+0.0100%	1h	258.35	long leg	$4K	$142K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	258.07	−0.108%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	258.05	−0.114%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	257.50	−0.329%	$317K	$890K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	258.25	−0.039%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0187%	4h	258.28	−0.028%	$36K	$368K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.10	+1.064%	$11K	$611	12x	as long as short