Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0665%/8h= +72.8% APRpaid last 24h +0.011%

Price spread now: edgeX against Binance+0.016%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 4 days (all we have)−0.697%−$70 · spread now +0.016%, 7d avg −0.021%

Together, before fees−0.557%+ Points / potential airdropedgeX: Active · farm board−$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and edgeX is 0.037% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.021%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRVLUSDT	260.51	0	get 0.0000% / 8h	4h 18m	$24.2M	$107.7M	50x
Short	edgeX MRVLUSDC	260.55	0.0665	get 0.0333% / 4h	18m 59s	$37K	$371K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $139.7
Price spread: +0.016% → −0.021%: $3.73
Slippage, 4 orders: −$15.35
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $109.07
Costs to cover: 0.343%
Break-even: 1.5 days

Slippage from Binance: live order book, 9 min ago; edgeX: live order book, 39 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 Binance live order book, 9 min ago	0.19 bp	6.9 bp −$7	12.1 bp −$121	58.4 bp −$5,841	doesn't fit
Sell edgeX live order book, 39 min ago	5.36 bp	10.1 bp −$10	14.7 bp −$147	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	260.60	+0.036%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.44	−0.026%	$47K	$345K	10x	as long as short
Binance MRVLUSDTlong	0.0000%	8h	260.51	long leg	$24.2M	$107.7M	50x
Bybit MRVLUSDT	0.0000%	8h	260.38	−0.050%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.47	−0.015%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.52	+0.004%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.49	−0.008%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.79	+0.106%	$718K	$635K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.74	+0.087%	$662	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.51	0.000%	$1K	$6.1M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	260.76	+0.096%	$131K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0001%	8h	260.39	−0.046%	$375K	$172K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.42	−0.035%	$664	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.51	0.000%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.49	−0.008%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.39	−0.046%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.93	+0.161%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.43	−0.031%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.35	−0.061%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.46	−0.019%	$120	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.66	+0.058%	$576K	$680K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	260.43	−0.030%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.257%	$334K	$628K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0096%	1h	260.41	−0.038%	$23K	$144K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.69	+0.069%	$515K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.76	+0.096%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.49	−0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.45	−0.024%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0131%	1h	260.36	−0.058%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.75	+0.092%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.071%	$11K	$705	12x	as long as short
edgeX MRVLUSDCshort	+0.0665%	4h	260.55	+0.016%	$37K	$371K	10x