Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.031%

Price spread now: ApeX Omni against BloFin−0.219%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$940.938% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 3 days (all we have)+0.167%+$17 · spread now −0.219%, 7d avg −0.001%

Together, before fees+0.280%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.218% cheaper against BloFin than usual: you would sell low and buy high (spread −0.219% now, against its 7-day average of −0.001%). If the spread goes back, that is −$22 on $10k: about 5.8 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.113% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MRVL-USDT	260.32	−0.0024	get 0.0024% / 8h	7h 52m	$374K	$170K	50x
Short	ApeX Omni MRVLUSDT	259.75	0.0100	get 0.0013% / 1h	52m 30s	$4K	$142K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.219%Rate

Funding earned: $26.12
Price spread: −0.219% → −0.001%: −$21.82
Slippage, 4 orders: −$71.76
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$89.46
Costs to cover: 0.938%
Break-even: 31.0 days

Slippage from BloFin: live order book, 18 min ago; ApeX Omni: live order book, 18 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 BloFin live order book, 18 min ago	0.19 bp	8.6 bp −$9	12.6 bp −$126	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 18 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-USDTlong	−0.0024%	8h	260.32	long leg	$374K	$170K	50x
Aster MRVLUSDT	0.0000%	8h	260.26	−0.023%	$314K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.40	+0.031%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.50	+0.069%	$7.1M	$22.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.34	+0.008%	$5.6M	$9.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.43	+0.042%	$5.6M	$16.4M	20x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	259.90	−0.161%	$686	$223K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.26	−0.023%	$1K	$6.8M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.99	−0.127%	$131K	$51K	50x	as long as short
Variational Omni MRVL	+0.0005%	8h	260.00	−0.123%	$723K	$765K	—	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	+0.0015%	1h	259.87	−0.175%	$882	$52K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0019%	1h	260.22	−0.038%	$23K	$143K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	258.35	−0.757%	$319K	$764K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	260.39	+0.027%	$1.1M	$4.3M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.41	+0.035%	$95K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.84	−0.184%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.77	+0.173%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.42	+0.038%	$14.7M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.53	+0.081%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.94	−0.146%	$578K	$931K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0057%	8h	260.28	−0.014%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0059%	1h	260.38	+0.021%	$88K	$316K	10x	as long as short
Binance MRVLUSDT	+0.0061%	8h	260.51	+0.072%	$24.2M	$114.9M	50x	as long as short
Extended MRVL-USD	+0.0064%	1h	260.36	+0.014%	$47K	$212K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.27	−0.019%	$516K	$70K	20x	as long as short
ApeX Omni MRVLUSDTshort	+0.0100%	1h	259.75	−0.219%	$4K	$142K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.27	−0.019%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.95	−0.141%	$18	—	10x	as long as short
Phoenix MRVL	+0.0216%	1h	260.21	−0.042%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.96	+1.014%	$11K	$638	12x	as long as short
SoDEX MRVL-USD	+0.0239%	1h	260.28	−0.015%	$151	$14K	10x	as long as short
edgeX MRVLUSDC	+0.0547%	4h	259.76	−0.214%	$37K	$368K	10x	as long as short