Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h +0.028%

Price spread now: Phoenix against Bitget−0.050%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Phoenix

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Phoenix is 0.050% cheaper against Bitget than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 19 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	258.99	0	get 0.0000% / 8h	49m 14s	$5.6M	$16.6M	20x
Short	Phoenix MRVL	258.86	0.0217	get 0.0027% / 1h	49m 14s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.050%Rate

Funding earned: $45.47
Price spread: −0.050% → 0.000%: −$5.02
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $21.45
Costs to cover: 0.190%
Break-even: 3.7 days

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	1.74 bp	8.0 bp −$8	12.0 bp −$120	22.5 bp −$2,255	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 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
Aster MRVLUSDT	0.0000%	8h	258.75	−0.093%	$312K	$328K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	259.01	+0.009%	$49K	$206K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	259.05	+0.025%	$24.3M	$114.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	258.94	−0.019%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.07	+0.031%	$7.1M	$22.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	258.99	0.000%	$5.5M	$9.6M	50x	as long as short
Bitget MRVLUSDTlong	0.0000%	8h	258.99	long leg	$5.6M	$16.6M	20x
Variational Omni MRVL	0.0000%	8h	258.97	−0.007%	$720K	$763K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	258.99	0.000%	$1K	$6.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	258.93	−0.023%	$131K	$80K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRVL-USDT	+0.0007%	8h	258.98	−0.004%	$376K	$170K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	258.77	−0.086%	$601	$53K	10x	as long as short
Lighter MRVL	+0.0032%	1h	259.11	+0.046%	$96K	$213K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	258.89	−0.039%	$1.1M	$4.3M	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0039%	8h	258.97	−0.007%	$746	$228K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	258.58	−0.158%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.14	+0.058%	—	$46K	25x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	258.92	−0.027%	$109K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.01	+0.008%	$233	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	258.74	−0.097%	$592K	$925K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0059%	1h	258.81	−0.070%	$14.6M	$9.3M	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.247%	$319K	$885K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0069%	8h	258.85	−0.054%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	258.79	−0.077%	$513K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	258.71	−0.108%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.02	+0.012%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.00	+0.002%	$18	—	10x	as long as short
Phoenix MRVLshort	+0.0217%	1h	258.86	−0.050%	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	261.48	+0.961%	$11K	$616	12x	as long as short
Nado MRVL-PERP	+0.0229%	1h	258.70	−0.113%	$87K	$316K	10x	as long as short
edgeX MRVLUSDC	+0.0416%	4h	258.97	−0.009%	$36K	$369K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0639%	1h	259.08	+0.035%	$22K	$143K	10x	as long as short