Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0039%/8h= +4.2% APRpaid last 24h +0.011%

Price spread now: Ondo Perps against BloFin−0.184%95s7-day average −0.058% · you buy dearer than you sell

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

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.184%, 7d avg −0.058%

Together, before fees+0.190%+ Points / potential airdropOndo Perps: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.126% cheaper against BloFin than usual: you would sell low and buy high (spread −0.184% now, against its 7-day average of −0.058%). If the spread goes back, that is −$13 on $10k: about 11 days of funding at the current rate (+$1 a day). The two prices were read 95 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	BloFin MRVL-USDT	254.88	0.0012	pay 0.0012% / 8h	1h 23m	$363K	$184K	50x
Short	Ondo Perps MRVL-USD.P	254.41	0.0050	get 0.0006% / 1h	23m 35s	$549K	$806K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.184%Rate

Funding earned: $8.14
Price spread: −0.184% → −0.058%: −$12.65
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$21.51
Costs to cover: 0.170%
Break-even: 25.5 days

Slippage unknown: BloFin: live order book, 62 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 BloFin live order book, 62 min ago	0.39 bp	8.8 bp −$9	15.2 bp −$152	doesn't fit	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 MRVLUSDT	−0.0829%	8h	255.40	+0.204%	$5.5M	$17.1M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.14	+0.101%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.25	+0.144%	$47K	$270K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.38	+0.196%	$23.5M	$113.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.22	+0.133%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.25	+0.145%	$6.8M	$24.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.39	+0.200%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.90	+0.008%	$709K	$473K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.83	−0.020%	$800	$190K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	254.95	+0.027%	$2K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.11	+0.090%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.86	−0.008%	$131K	$47K	50x	as long as short
BloFin MRVL-USDTlong	+0.0012%	8h	254.88	long leg	$363K	$184K	50x
Aftermath Perps MRVLUSD	+0.0013%	1h	254.67	−0.083%	$682	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	254.33	−0.216%	$332K	$650K	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.38	+0.196%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	255.34	+0.180%	$1.1M	$3.5M	10x	as long as short
Nado MRVL-PERP	+0.0034%	1h	255.35	+0.185%	$87K	$272K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.72	−0.063%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.53	+0.255%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.25	+0.145%	$14.0M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.76	−0.047%	$101K	$82K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.00	+0.047%	$138	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	254.41	−0.184%	$549K	$806K	10x
Paradex MRVL-USD-PERP	+0.0051%	8h	255.35	+0.184%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.25	+0.145%	$505K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.69	−0.075%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.98	+0.039%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.98	+0.038%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	254.59	−0.114%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+1.153%	$11K	$853	12x	as long as short
edgeX MRVLUSDC	+0.0819%	4h	254.79	−0.037%	$36K	$372K	10x	as long as short