Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.037%

Price spread now: Arcus against Aster−0.082%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Arcus is 0.082% cheaper against Aster than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 6.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MRVLUSDT	254.33	0	get 0.0000% / 8h	1h 32m	$300K	$341K	50x
Short	Arcus MRVL-USD	254.12	0.0040	get 0.0005% / 1h	32m 34s	$23K	$27K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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 AsterbpFee ArcusbpOrdersPrice spread, now −0.082%Rate

Funding earned: $8.46
Price spread: −0.082% → 0.000%: −$8.2
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$12.24
Costs to cover: 0.125%
Break-even: 17.1 days

Slippage unknown: Aster: live order book, 9 min ago; Arcus: no order-book sample. Net counts fees only.

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 Aster live order book, 9 min ago	2.75 bp	19.0 bp −$19	488.1 bp −$4,881	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0847%	8h	254.49	+0.064%	$5.5M	$17.1M	20x	as long as short
BloFin MRVL-USDT	−0.0004%	8h	254.40	+0.028%	$363K	$183K	50x	as long as short
Aster MRVLUSDTlong	0.0000%	8h	254.33	long leg	$300K	$341K	50x
Extended MRVL-USD	0.0000%	1h	254.29	−0.017%	$50K	$267K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.32	−0.004%	$23.4M	$113.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.19	−0.054%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.21	−0.047%	$6.7M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.34	+0.005%	$5.1M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.41	+0.032%	$708K	$477K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.52	+0.074%	$547	$190K	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	254.50	+0.067%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.42	+0.036%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.46	+0.052%	$130K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	254.33	−0.001%	$592	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	254.40	+0.028%	$324K	$642K	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.34	+0.005%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	254.36	+0.012%	$1.1M	$3.5M	10x	as long as short
Nado MRVL-PERP	+0.0039%	1h	254.34	+0.003%	$87K	$272K	10x	as long as short
Arcus MRVL-USDshort	+0.0040%	1h	254.12	−0.082%	$23K	$27K	5x
Vest MRVL-USD-PERP	+0.0046%	1h	254.69	+0.142%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.23	−0.039%	$13.9M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.31	−0.007%	$101K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.40	+0.028%	$137	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.37	+0.016%	$549K	$804K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.25	−0.030%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.47	+0.056%	$503K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.23	−0.039%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.54	+0.083%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.49	+0.065%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	254.59	+0.103%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+1.373%	$11K	$853	12x	as long as short
edgeX MRVLUSDC	+0.0228%	4h	254.48	+0.060%	$36K	$374K	10x	as long as short