Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.025%

Price spread now: ApeX Omni against Bitget+0.226%83s7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$960.962% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 3 days (all we have)−0.288%−$29 · spread now +0.226%, 7d avg −0.021%

Together, before fees−0.236%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.248% dearer against Bitget than usual: you sell high and buy low (spread +0.226% now, against its 7-day average of −0.021%): +$25 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 41 days. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	260.58	0.0120	pay 0.0120% / 8h	7h 34m	$5.6M	$16.5M	20x
Short	ApeX Omni MRVLUSDT	261.17	0.0100	get 0.0013% / 1h	34m 02s	$4K	$142K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.226%Rate

Funding earned: −$4.2
Price spread: +0.226% → −0.021%: $24.76
Slippage, 4 orders: −$74.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$75.62
Costs to cover: 0.962%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; ApeX Omni: live order book, 37 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 Bitget live order book, 5 min ago	0.96 bp	9.4 bp −$9	15.5 bp −$155	39.2 bp −$3,916	doesn't fit
Sell ApeX Omni live order book, 37 min ago	27.20 bp	38.4 bp −$38	201.1 bp −$2,011	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	−0.0009%	8h	260.62	+0.015%	$375K	$169K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.59	+0.003%	$314K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.50	−0.031%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.66	+0.031%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.64	+0.023%	$5.6M	$9.5M	50x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.24	+0.252%	$280	$206K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.57	−0.004%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.51	−0.027%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.99	+0.157%	$132K	$51K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.87	+0.112%	$886	$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	+0.0017%	8h	260.90	+0.125%	$724K	$764K	—	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	+0.035%	$335K	$789K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	260.50	−0.031%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.59	+0.004%	$95K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.67	+0.035%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.95	+0.142%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.48	−0.038%	$14.7M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.58	0.000%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.93	+0.134%	$571K	$952K	10x	as long as short
Nado MRVL-PERP	+0.0054%	1h	260.43	−0.057%	$88K	$317K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	260.41	−0.066%	—	—	5x	as long as short
Binance MRVLUSDT	+0.0070%	8h	260.57	−0.002%	$24.1M	$114.8M	50x	as long as short
Extended MRVL-USD	+0.0072%	1h	260.53	−0.019%	$52K	$328K	10x	as long as short
SoDEX MRVL-USD	+0.0095%	1h	260.60	+0.008%	$109	$14K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.85	+0.104%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDTshort	+0.0100%	1h	261.17	+0.226%	$4K	$142K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.69	+0.042%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.62	+0.017%	$18	—	10x	as long as short
Bitget MRVLUSDTlong	+0.0120%	8h	260.58	long leg	$5.6M	$16.5M	20x
Phoenix MRVL	+0.0216%	1h	261.01	+0.165%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.77	+1.224%	$11K	$646	12x	as long as short
edgeX MRVLUSDC	+0.0429%	4h	261.17	+0.228%	$37K	$369K	10x	as long as short