Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: HTX against ApeX Omni+0.051%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$950.950% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 4 days (all we have)+0.422%+$42 · spread now +0.051%, 7d avg −0.024%

Together, before fees+0.218%+$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.076% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of −0.024%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MRVLUSDT	254.42	0.0100	pay 0.0013% / 1h	57m 35s	$4K	$143K	50x
Short	HTX MRVL-USDT	254.55	0	get 0.0000% / 8h	6h 57m	$131K	$48K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$21
Price spread: +0.051% → −0.024%: $7.55
Slippage, 4 orders: −$73.04
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$108.49
Costs to cover: 0.950%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 33 min ago; HTX: live order book, 34 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, 33 min ago	25.74 bp	35.8 bp −$36	195.9 bp −$1,959	doesn't fit	doesn't fit
Sell HTX live order book, 34 min ago	2.79 bp	9.1 bp −$9	16.7 bp −$167	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	−0.0214%	8h	254.44	+0.008%	$5.4M	$18.2M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.39	−0.012%	$300K	$337K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.23	−0.075%	$46K	$298K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.43	+0.004%	$23.3M	$118.5M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.32	−0.039%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.56	+0.055%	$6.8M	$25.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.41	−0.004%	$4.9M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.30	−0.046%	$711K	$460K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.31	−0.043%	$422	$182K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	254.66	+0.094%	$2K	$5.6M	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	254.54	+0.047%	$22K	$145K	10x	as long as short
HTX MRVL-USDTshort	0.0000%	8h	254.55	+0.051%	$131K	$48K	50x
Aftermath Perps MRVLUSD	+0.0021%	1h	254.29	−0.051%	$1K	$45K	10x	as long as short
BloFin MRVL-USDT	+0.0024%	8h	254.54	+0.047%	$367K	$201K	50x	as long as short
QFEX MRVL-USD	+0.0031%	1h	254.37	−0.020%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.25	−0.067%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.04	−0.149%	$22K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.64	+0.086%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.09	−0.130%	$13.9M	$9.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.48	+0.024%	$99K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.50	+0.031%	$143	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.19	−0.090%	$541K	$860K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.16	−0.100%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.48	+0.024%	$503K	$156K	20x	as long as short
ApeX Omni MRVLUSDTlong	+0.0100%	1h	254.42	long leg	$4K	$143K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.56	+0.055%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.49	+0.029%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0119%	1h	254.41	−0.002%	$87K	$276K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0128%	1h	254.54	+0.047%	$325K	$620K	10x	as long as short
Phoenix MRVL	+0.0188%	1h	254.32	−0.039%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.869%	$11K	$832	12x	as long as short
edgeX MRVLUSDC	+0.0936%	4h	254.55	+0.053%	$36K	$373K	10x	as long as short