Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.005%

Price spread now: Ondo Perps against Binance−0.115%7-day average −0.067% · you buy dearer than you sell

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

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 2 days (all we have)+0.029%+$3 · spread now −0.115%, 7d avg −0.067%

Together, before fees+0.111%+ Points / potential airdropOndo Perps: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.048% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.067%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.082%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRVLUSDT	261.78	0.0076	pay 0.0076% / 8h	7h 28m	$24.2M	$114.6M	50x
Short	Ondo Perps MRVL-USD.P	261.48	0.0050	get 0.0006% / 1h	28m 28s	$570K	$945K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$5.41
Price spread: −0.115% → −0.067%: −$4.8
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$25.21
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; Ondo Perps: 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 Binance live order book, 14 min ago	0.19 bp	7.3 bp −$7	13.3 bp −$133	51.4 bp −$5,137	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
BloFin MRVL-USDT	−0.0003%	8h	261.44	−0.130%	$376K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.46	−0.122%	$315K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.66	−0.046%	$5.2M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.72	−0.023%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.61	−0.065%	$5.6M	$9.5M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.57	−0.080%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.47	−0.118%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.03	−0.287%	$132K	$51K	50x	as long as short
GRVT MRVL_USDT_Perp	+0.0003%	8h	261.24	−0.206%	$280	$206K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	261.01	−0.293%	$903	$52K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRVL	+0.0015%	8h	261.26	−0.197%	$725K	$766K	—	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.424%	$335K	$778K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.66	−0.046%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.71	−0.027%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.05	−0.279%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	262.03	+0.096%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.56	−0.084%	$14.8M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.77	−0.004%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	261.48	−0.115%	$570K	$945K	10x
Paradex MRVL-USD-PERP	+0.0054%	8h	261.64	−0.055%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0064%	1h	261.59	−0.072%	$88K	$317K	10x	as long as short
Extended MRVL-USD	+0.0072%	1h	261.71	−0.025%	$47K	$347K	10x	as long as short
Binance MRVLUSDTlong	+0.0076%	8h	261.78	long leg	$24.2M	$114.6M	50x
SoDEX MRVL-USD	+0.0095%	1h	261.55	−0.088%	$120	$15K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.57	−0.080%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.61	−0.447%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.47	−0.118%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.45	−0.126%	$18	—	10x	as long as short
Bitget MRVLUSDT	+0.0152%	8h	261.74	−0.015%	$5.6M	$16.5M	20x	as long as short
edgeX MRVLUSDC	+0.0172%	4h	261.21	−0.216%	$37K	$371K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.44	−0.130%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.77	+0.760%	$11K	$658	12x	as long as short