Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h +0.064%

Price spread now: Polymarket Perps against Binance−0.027%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.444%+$44 on $10k

Price spread, last 2 days (all we have)+0.117%+$12 · spread now −0.027%, 7d avg +0.060%

Together, before fees+0.561%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.087% cheaper against Binance than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.060%). If the spread goes back, that is −$9 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 5 days (+0.444% in total) that is about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRVLUSDT	259.32	0.0024	pay 0.0024% / 8h	26m 03s	$24.3M	$114.6M	50x
Short	Polymarket Perps MRVL-USD	259.25	0.0050	get 0.0006% / 1h	26m 03s	$108K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.027%Rate

Funding earned: $5.55
Price spread: −0.027% → +0.060%: −$8.7
Slippage, 4 orders: −$10.04
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$31.19
Costs to cover: 0.280%
Break-even: 46.3 days

Slippage from Binance: live order book, 2 min ago; Polymarket Perps: live order book, 51 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, 2 min ago	0.19 bp	6.7 bp −$7	12.1 bp −$121	53.7 bp −$5,369	doesn't fit
Sell Polymarket Perps live order book, 51 min ago	3.10 bp	7.2 bp −$7	9.8 bp −$98	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
BloFin MRVL-USDT	−0.0026%	8h	259.23	−0.035%	$376K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	259.16	−0.060%	$313K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.23	−0.035%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.27	−0.019%	$7.1M	$22.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.26	−0.023%	$5.7M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.29	−0.012%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.30	−0.010%	$722K	$764K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.30	−0.008%	$1K	$6.8M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	259.26	−0.023%	$22K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.34	+0.008%	$131K	$59K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0018%	1h	259.23	−0.035%	$880	$53K	10x	as long as short
Binance MRVLUSDTlong	+0.0024%	8h	259.32	long leg	$24.3M	$114.6M	50x
Extended MRVL-USD	+0.0024%	1h	259.27	−0.018%	$49K	$206K	10x	as long as short
Lighter MRVL	+0.0032%	1h	259.37	+0.019%	$96K	$213K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.29	−0.012%	$1.1M	$4.3M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.05	−0.104%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.67	+0.135%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.21	−0.043%	$14.6M	$9.2M	10x	as long as short
Polymarket Perps MRVL-USDshort	+0.0050%	1h	259.25	−0.027%	$108K	$83K	10x
SoDEX MRVL-USD	+0.0050%	1h	259.29	−0.012%	$171	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.14	−0.070%	$587K	$932K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0056%	8h	259.38	+0.025%	$708	$226K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.374%	$319K	$767K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0064%	8h	259.27	−0.018%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.20	−0.046%	$514K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.18	−0.054%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.30	−0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.30	−0.008%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0171%	1h	259.27	−0.019%	$88K	$316K	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.35	+0.011%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+0.976%	$11K	$629	12x	as long as short
edgeX MRVLUSDC	+0.0504%	4h	259.37	+0.019%	$36K	$367K	10x	as long as short