Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0485%/8h= +53.1% APRpaid last 24h −0.034%

Price spread now: edgeX against Bybit+0.058%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now +0.058%, 7d avg +0.035%

Together, before fees+0.239%+ Points / potential airdropedgeX: Active · farm board+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and edgeX is 0.023% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.035%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.156% in total (about 8.1% 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	Bybit MRVLUSDT	260.14	0	get 0.0000% / 8h	6h 41m	$5.1M	$3.9M	50x
Short	edgeX MRVLUSDC	260.29	0.0485	get 0.0243% / 4h	2h 41m	$37K	$369K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.058%Rate

Funding earned: $101.93
Price spread: +0.058% → +0.035%: $2.28
Slippage, 4 orders: −$22.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $62.01
Costs to cover: 0.422%
Break-even: 2.7 days

Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 27 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 Bybit live order book, 1 min ago	1.35 bp	11.3 bp −$11	28.4 bp −$284	doesn't fit	doesn't fit
Sell edgeX live order book, 27 min ago	5.36 bp	10.1 bp −$10	14.5 bp −$145	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-USDT	−0.0023%	8h	260.60	+0.177%	$378K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.22	+0.030%	$312K	$330K	50x	as long as short
Bybit MRVLUSDTlong	0.0000%	8h	260.14	long leg	$5.1M	$3.9M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	260.25	+0.042%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.18	+0.015%	$5.6M	$8.7M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.24	+0.038%	$1K	$6.5M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.03	−0.042%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.01	−0.050%	$131K	$41K	50x	as long as short
GRVT MRVL_USDT_Perp	+0.0008%	8h	260.35	+0.080%	$1K	$196K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0008%	1h	260.67	+0.204%	$335K	$650K	10x	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	+0.0013%	1h	260.32	+0.070%	$930	$51K	10x	as long as short
QFEX MRVL-USD	+0.0023%	1h	260.22	+0.031%	$1.1M	$3.9M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.17	+0.012%	$95K	$205K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.09	−0.019%	$25K	$26K	5x	as long as short
Variational Omni MRVL	+0.0044%	8h	260.28	+0.056%	$722K	$654K	—	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.52	+0.146%	—	$43K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.10	−0.015%	$14.7M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.21	+0.027%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.17	+0.012%	$88	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.12	−0.008%	$567K	$715K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.13	−0.005%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0084%	1h	260.06	−0.029%	$89K	$319K	10x	as long as short
Binance MRVLUSDT	+0.0093%	8h	260.29	+0.057%	$24.2M	$110.9M	50x	as long as short
Bitget MRVLUSDT	+0.0094%	8h	260.27	+0.050%	$5.6M	$16.3M	20x	as long as short
Extended MRVL-USD	+0.0096%	1h	260.18	+0.016%	$47K	$347K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.31	+0.065%	$514K	$64K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.14	0.000%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.21	+0.027%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.14	+0.001%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.69	+0.211%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.37	+1.242%	$11K	$675	12x	as long as short
edgeX MRVLUSDCshort	+0.0485%	4h	260.29	+0.058%	$37K	$369K	10x