Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h +0.052%

Price spread now: Polymarket Perps against BloFin−0.059%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.418%+$42 on $10k

Price spread, last 4 days (all we have)+0.115%+$11 · spread now −0.059%, 7d avg +0.092%

Together, before fees+0.533%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.150% cheaper against BloFin than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.092%). If the spread goes back, that is −$15 on $10k: about 6.6 days of funding at the current rate (+$2 a day). At the pace of the last 6 days (+0.418% in total) that is about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MRVL-USDT	256.22	−0.0026	get 0.0026% / 8h	3h 21m	$368K	$173K	50x
Short	Polymarket Perps MRVL-USD	256.07	0.0050	get 0.0006% / 1h	21m 13s	$102K	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.059%Rate

Funding earned: $16.02
Price spread: −0.059% → +0.092%: −$15.03
Slippage, 4 orders: −$15.11
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$34.12
Costs to cover: 0.351%
Break-even: 21.9 days

Slippage from BloFin: live order book, 9 min ago; Polymarket Perps: live order book, 30 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, 9 min ago	0.78 bp	10.0 bp −$10	15.2 bp −$152	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 30 min ago	2.52 bp	8.8 bp −$9	9.5 bp −$95	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 MRVLUSDT	−0.0180%	8h	256.33	+0.043%	$5.5M	$16.3M	20x	as long as short
BloFin MRVL-USDTlong	−0.0026%	8h	256.22	long leg	$368K	$173K	50x
Aster MRVLUSDT	0.0000%	8h	256.24	+0.009%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.28	+0.023%	$49K	$346K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.30	+0.031%	$23.6M	$109.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.15	−0.027%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.22	0.000%	$6.8M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.26	+0.016%	$5.4M	$8.2M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.46	+0.093%	$712K	$632K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.41	+0.075%	$603	$191K	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	256.52	+0.117%	$1K	$6.0M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.37	+0.059%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	256.30	+0.029%	$699	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.43	+0.082%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.18	−0.016%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.04	−0.070%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.45	+0.090%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.14	−0.031%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USDshort	+0.0050%	1h	256.07	−0.059%	$102K	$80K	10x
SoDEX MRVL-USD	+0.0050%	1h	256.22	0.000%	$179	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.76	−0.180%	$549K	$751K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0050%	8h	256.35	+0.051%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.85	−0.144%	$322K	$634K	10x	as long as short
Nado MRVL-PERP	+0.0091%	1h	256.23	+0.004%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.06	−0.062%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.27	+0.020%	$2K	$3K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0101%	1h	256.33	+0.043%	$22K	$144K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.21	−0.002%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0107%	8h	256.39	+0.066%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	256.34	+0.047%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.119%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0965%	4h	255.98	−0.094%	$36K	$372K	10x	as long as short