Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0632%/8h= +69.2% APRpaid last 24h +0.170%

Price spread now: edgeX against Bitget−0.026%74s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as 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−$390.393% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.026%, 7d avg −0.012%

Together, before fees+0.214%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% 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	Bitget MRVLUSDT	253.75	−0.0455	get 0.0455% / 8h	7h 46m	$5.5M	$17.4M	20x
Short	edgeX MRVLUSDC	253.68	0.0177	get 0.0089% / 4h	3h 46m	$36K	$375K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $132.8
Price spread: −0.026% → −0.012%: −$1.44
Slippage, 4 orders: −$18.31
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $92.05
Costs to cover: 0.393%
Break-even: 2.1 days

Slippage from Bitget: live order book, 2 min ago; edgeX: live order book, 52 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, 2 min ago	1.58 bp	8.0 bp −$8	14.4 bp −$144	34.7 bp −$3,467	doesn't fit
Sell edgeX live order book, 52 min ago	5.48 bp	10.3 bp −$10	14.9 bp −$149	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
Bitget MRVLUSDTlong	−0.0455%	8h	253.75	long leg	$5.5M	$17.4M	20x
BloFin MRVL-USDT	−0.0018%	8h	253.68	−0.028%	$365K	$190K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	253.57	−0.072%	$299K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	253.50	−0.098%	$47K	$306K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	253.67	−0.033%	$23.3M	$115.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	253.52	−0.091%	$4.9M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	253.77	+0.008%	$6.7M	$24.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	253.70	−0.020%	$5.0M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.05	+0.119%	$711K	$455K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	253.96	+0.083%	$752	$187K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	253.60	−0.059%	$1K	$5.8M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	253.58	−0.067%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	253.75	0.000%	$130K	$48K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	253.74	−0.005%	$1K	$46K	10x	as long as short
Nado MRVL-PERP	+0.0019%	1h	253.62	−0.049%	$86K	$272K	10x	as long as short
QFEX MRVL-USD	+0.0022%	1h	253.70	−0.020%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	253.48	−0.106%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	253.39	−0.142%	$23K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	253.86	+0.043%	—	$51K	25x	as long as short
Paradex MRVL-USD-PERP	+0.0048%	8h	253.42	−0.132%	—	—	5x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	253.74	−0.004%	$14.0M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	253.74	−0.004%	$99K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	253.67	−0.032%	$112	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	253.62	−0.051%	$539K	$840K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0072%	1h	253.73	−0.008%	$325K	$663K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	253.58	−0.067%	$501K	$98K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	253.55	−0.079%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	253.61	−0.055%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	253.58	−0.067%	$18	—	10x	as long as short
edgeX MRVLUSDCshort	+0.0177%	4h	253.68	−0.026%	$36K	$375K	10x
Phoenix MRVL	+0.0188%	1h	253.30	−0.177%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+1.135%	$11K	$845	12x	as long as short