Funding you earn now, next payment 01:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.039%
Price spread now: Phoenix against Binance+0.049%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.049% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MRVLUSDT | 260.30 | 0.0045 | pay 0.0045% / 8h | 6h 01m | $24.1M | $108.1M | 50x |
| Short | Phoenix MRVL | 260.43 | 0.0153 | get 0.0019% / 1h | 1m 12s | $11K | $12K | 10x |
Binance MRVLUSDT
Phoenix MRVLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $22.71
- Price spread: +0.049% → 0.000%
- $4.94
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $10.64
- Costs to cover
- 0.170%
- Break-even
- 3.7 days
Slippage unknown: Binance: live order book, 12 min ago; Phoenix: 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, 12 min ago | 0.19 bp | 7.7 bp −$8 | 13.5 bp −$135 | 52.2 bp −$5,223 | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 31 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 | 260.34 | +0.014% | $313K | $330K | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 260.25 | −0.020% | $5.1M | $3.8M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 260.29 | −0.004% | $7.0M | $22.2M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 260.43 | +0.049% | $5.6M | $8.8M | 50x | as long as short |
| Bitget MRVLUSDT | 0.0000% | 8h | 260.40 | +0.038% | $5.6M | $16.0M | 20x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 260.54 | +0.091% | $724K | $659K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 260.41 | +0.043% | $471 | $189K | 10x | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 260.40 | +0.038% | $1K | $6.2M | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 260.31 | +0.003% | $23K | $143K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 260.41 | +0.042% | $132K | $41K | 50x | as long as short |
Aster MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Bitget MRVLUSDT
Variational Omni MRVL
GRVT MRVL_USDT_Perp
SunX MRVL-USDT
Deribit MRVL_USDC-PERPETUAL
HTX MRVL-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MRVL-PERP-INTX | +0.0008% | 1h | 260.17 | −0.051% | $335K | $631K | 10x | as long as short |
| Aftermath Perps MRVLUSD | +0.0013% | 1h | 260.36 | +0.021% | $884 | $50K | 10x | as long as short |
| QFEX MRVL-USD | +0.0023% | 1h | 260.42 | +0.046% | $1.1M | $3.7M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 260.29 | −0.004% | $95K | $206K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 260.20 | −0.039% | $25K | $26K | 5x | as long as short |
| Binance MRVLUSDTlong | +0.0045% | 8h | 260.30 | long leg | $24.1M | $108.1M | 50x | |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 260.79 | +0.188% | — | $45K | 25x | as long as short |
| Extended MRVL-USD | +0.0048% | 1h | 260.33 | +0.012% | $51K | $356K | 10x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 260.26 | −0.016% | $14.6M | $8.4M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 260.37 | +0.026% | $104K | $79K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 260.31 | +0.003% | $141 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 260.27 | −0.012% | $576K | $677K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0051% | 8h | 260.41 | +0.041% | — | — | 5x | as long as short |
| Nado MRVL-PERP | +0.0067% | 1h | 260.31 | +0.005% | $89K | $273K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 260.59 | +0.111% | $515K | $62K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 260.27 | −0.012% | $4K | $141K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 260.41 | +0.042% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 260.34 | +0.014% | $18 | — | 10x | as long as short |
| Phoenix MRVLshort | +0.0153% | 1h | 260.43 | +0.049% | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 262.62 | +0.891% | $11K | $679 | 12x | as long as short |
| edgeX MRVLUSDC | +0.0641% | 4h | 260.34 | +0.015% | $37K | $371K | 10x | as long as short |
Coinbase International MRVL-PERP-INTX
Aftermath Perps MRVLUSD
QFEX MRVL-USD
Lighter MRVL
Arcus MRVL-USD
Vest MRVL-USD-PERP
Extended MRVL-USD
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
Nado MRVL-PERP
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Injective MRVL/USDC PERP
edgeX MRVLUSDC