Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: OKX against ApeX Omni+0.471%7-day average −0.006% · 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−$46as in the Price arb table

costs, in and out, $10k−$930.933% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 3 days (all we have)−0.427%−$43 · spread now +0.471%, 7d avg −0.006%

Together, before fees−0.598%−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.478% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.471% now, against its 7-day average of −0.006%): +$48 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MRVLUSDT	260.92	0.0100	pay 0.0013% / 1h	48m 48s	$4K	$142K	50x
Short	OKX MRVL-USDT-SWAP	262.15	0	get 0.0000% / 8h	7h 48m	$7.1M	$22.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.471%Rate

Funding earned: −$21
Price spread: +0.471% → −0.006%: $47.78
Slippage, 4 orders: −$73.35
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$66.57
Costs to cover: 0.933%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 22 min ago; OKX: 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, 22 min ago	27.20 bp	38.5 bp −$39	204.2 bp −$2,042	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.19 bp	7.4 bp −$7	16.8 bp −$168	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
Aster MRVLUSDT	0.0000%	8h	261.73	+0.312%	$316K	$327K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	262.09	+0.448%	$5.2M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAPshort	0.0000%	8h	262.15	+0.471%	$7.1M	$22.8M	50x
Gate MRVL_USDT	0.0000%	8h	261.91	+0.379%	$5.7M	$9.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	262.02	+0.422%	$5.6M	$16.5M	20x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.26	−0.252%	$297	$221K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.88	+0.368%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.83	+0.349%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.82	+0.345%	$132K	$51K	50x	as long as short
Variational Omni MRVL	+0.0005%	8h	261.21	+0.113%	$724K	$767K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRVL-USDT	+0.0009%	8h	261.86	+0.360%	$376K	$171K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	260.44	−0.183%	$952	$52K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	258.35	−0.985%	$319K	$764K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.72	+0.307%	$1.1M	$4.3M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.97	+0.402%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.56	−0.138%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.99	+0.410%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.77	+0.326%	$14.8M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.77	+0.326%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.38	+0.176%	$580K	$947K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0057%	8h	261.57	+0.249%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0062%	1h	261.82	+0.347%	$88K	$316K	10x	as long as short
Binance MRVLUSDT	+0.0064%	8h	262.18	+0.482%	$24.4M	$115.0M	50x	as long as short
Extended MRVL-USD	+0.0064%	1h	262.06	+0.436%	$51K	$232K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.94	+0.391%	$519K	$69K	20x	as long as short
ApeX Omni MRVLUSDTlong	+0.0100%	1h	260.92	long leg	$4K	$142K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.92	+0.383%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.63	+0.271%	$18	—	10x	as long as short
Phoenix MRVL	+0.0216%	1h	260.21	−0.272%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.96	+0.782%	$11K	$638	12x	as long as short
edgeX MRVLUSDC	+0.0578%	4h	260.22	−0.267%	$37K	$369K	10x	as long as short
SoDEX MRVL-USD	+0.0689%	1h	261.47	+0.211%	$146	$14K	10x	as long as short