Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against Aster−0.092%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.092%, 7d avg −0.054%

Together, before fees+0.118%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.038% cheaper against Aster than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.054%). If the spread goes back, that is −$4 on $10k: about 2.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MRVLUSDT	253.04	0	get 0.0000% / 8h	7h 37m	$298K	$341K	50x
Short	tradeXYZ xyz:MRVL	252.81	0.0050	get 0.0006% / 1h	37m 22s	$13.9M	$9.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.092%Rate

Funding earned: $10.5
Price spread: −0.092% → −0.054%: −$3.83
Slippage, 4 orders: −$35.23
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$54.55
Costs to cover: 0.612%
Break-even: 43.4 days

Slippage from Aster: live order book, 60 min ago; tradeXYZ: live order book, 11 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 Aster live order book, 60 min ago	3.32 bp	17.5 bp −$18	136.4 bp −$1,364	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.79 bp	11.8 bp −$12	14.1 bp −$141	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	−0.0414%	8h	253.02	−0.009%	$5.5M	$17.6M	20x	as long as short
BloFin MRVL-USDT	−0.0018%	8h	252.85	−0.076%	$364K	$192K	50x	as long as short
Aster MRVLUSDTlong	0.0000%	8h	253.04	long leg	$298K	$341K	50x
Extended MRVL-USD	0.0000%	1h	253.02	−0.008%	$47K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	253.01	−0.014%	$23.3M	$115.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	252.88	−0.065%	$4.9M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	252.95	−0.037%	$6.7M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	253.02	−0.009%	$5.0M	$8.5M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	253.40	+0.140%	$708K	$457K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	252.95	−0.037%	$210	$182K	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	253.06	+0.007%	$1K	$5.7M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	253.80	+0.299%	$131K	$48K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	253.28	+0.095%	$1K	$46K	10x	as long as short
QFEX MRVL-USD	+0.0022%	1h	252.99	−0.021%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	252.93	−0.045%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	252.89	−0.061%	$23K	$26K	5x	as long as short
Nado MRVL-PERP	+0.0045%	1h	252.88	−0.066%	$86K	$272K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	253.09	+0.018%	—	$51K	25x	as long as short
Paradex MRVL-USD-PERP	+0.0049%	8h	252.94	−0.041%	—	—	5x	as long as short
tradeXYZ xyz:MRVLshort	+0.0050%	1h	252.81	−0.092%	$13.9M	$9.1M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	252.76	−0.112%	$98K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	253.01	−0.013%	$106	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	252.91	−0.053%	$538K	$833K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0072%	1h	252.90	−0.057%	$322K	$661K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	252.92	−0.049%	$499K	$107K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	253.01	−0.013%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	253.07	+0.011%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	253.01	−0.012%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0185%	1h	252.96	−0.033%	$22K	$145K	10x	as long as short
Phoenix MRVL	+0.0188%	1h	253.01	−0.013%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+1.417%	$11K	$845	12x	as long as short
edgeX MRVLUSDC	+0.0634%	4h	253.26	+0.087%	$36K	$374K	10x	as long as short