Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0469%/8h= +51.4% APRpaid last 24h +0.060%

Price spread now: Ondo Perps against Bitget−0.043%7-day average −0.084% · you buy dearer than you sell

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now −0.043%, 7d avg −0.084%

Together, before fees−0.054%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Ondo Perps is 0.041% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.084%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.036% in total (about 1.9% 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	253.02	−0.0419	get 0.0419% / 8h	7h 38m	$5.5M	$17.6M	20x
Short	Ondo Perps MRVL-USD.P	252.91	0.0050	get 0.0006% / 1h	38m 38s	$538K	$833K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.043%Rate

Funding earned: $98.57
Price spread: −0.043% → −0.084%: $4.07
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $85.64
Costs to cover: 0.170%
Break-even: 0.9 days

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.77 bp	10.6 bp −$11	16.1 bp −$161	38.9 bp −$3,887	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
Bitget MRVLUSDTlong	−0.0419%	8h	253.02	long leg	$5.5M	$17.6M	20x
BloFin MRVL-USDT	−0.0018%	8h	252.85	−0.067%	$364K	$192K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	253.08	+0.023%	$298K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	252.97	−0.020%	$47K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	253.04	+0.010%	$23.3M	$115.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	252.85	−0.067%	$4.9M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	253.01	−0.004%	$6.7M	$24.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	252.91	−0.043%	$5.0M	$8.5M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	253.40	+0.149%	$708K	$457K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	253.46	+0.175%	$330	$185K	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	253.50	+0.190%	$2K	$5.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	252.82	−0.079%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	253.80	+0.308%	$131K	$48K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	253.53	+0.201%	$1K	$46K	10x	as long as short
QFEX MRVL-USD	+0.0022%	1h	252.88	−0.055%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	252.89	−0.051%	$88K	$164K	10x	as long as short
Nado MRVL-PERP	+0.0037%	1h	252.83	−0.073%	$86K	$272K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	252.88	−0.055%	$23K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	253.12	+0.040%	—	$51K	25x	as long as short
Paradex MRVL-USD-PERP	+0.0049%	8h	252.78	−0.095%	—	—	5x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	252.66	−0.142%	$13.9M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	253.31	+0.115%	$99K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	252.90	−0.047%	$96	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	252.91	−0.043%	$538K	$833K	10x
Coinbase International MRVL-PERP-INTX	+0.0072%	1h	253.32	+0.119%	$323K	$662K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	252.90	−0.047%	$500K	$106K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	253.43	+0.162%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	253.25	+0.091%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	253.15	+0.053%	$18	—	10x	as long as short
Phoenix MRVL	+0.0188%	1h	253.53	+0.202%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+1.427%	$11K	$845	12x	as long as short
edgeX MRVLUSDC	+0.0362%	4h	253.47	+0.180%	$36K	$373K	10x	as long as short