Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.040%

Price spread now: Bitget against edgeX+0.057%94s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.403% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)−0.097%−$10 · spread now +0.057%, 7d avg +0.013%

Together, before fees−0.106%+ Points / potential airdropedgeX: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bitget is 0.045% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.013%. The two prices were read 94 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	edgeX MRVLUSDC	261.25	0.0095	pay 0.0048% / 4h	3h 07m	$37K	$369K	10x
Short	Bitget MRVLUSDT	261.40	0.0253	get 0.0253% / 8h	7h 07m	$5.6M	$16.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.057%Rate

Funding earned: $33.08
Price spread: +0.057% → +0.013%: $4.45
Slippage, 4 orders: −$19.34
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$2.8
Costs to cover: 0.403%
Break-even: 7.6 days

Slippage from edgeX: live order book, 65 min ago; Bitget: live order book, 1 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 edgeX live order book, 65 min ago	5.40 bp	10.1 bp −$10	14.6 bp −$146	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.53 bp	10.1 bp −$10	13.5 bp −$135	33.6 bp −$3,356	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
Deribit MRVL_USDC-PERPETUAL	−0.0018%	1h	261.22	−0.012%	$23K	$143K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.15	−0.040%	$314K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.34	+0.034%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.44	+0.072%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.30	+0.019%	$5.7M	$9.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.36	+0.042%	$1K	$6.6M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.31	+0.023%	$132K	$45K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0012%	1h	261.30	+0.017%	$887	$52K	10x	as long as short
BloFin MRVL-USDT	+0.0020%	8h	261.18	−0.027%	$377K	$171K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.222%	$335K	$720K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0027%	1h	261.27	+0.007%	$1.1M	$4.1M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.36	+0.042%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.14	−0.042%	$26K	$27K	5x	as long as short
Variational Omni MRVL	+0.0045%	8h	261.25	0.000%	$725K	$764K	—	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.70	+0.172%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.25	0.000%	$14.8M	$8.2M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.38	+0.049%	$105K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.33	+0.030%	$57	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.13	−0.046%	$573K	$929K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	261.28	+0.012%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0089%	1h	261.32	+0.026%	$89K	$320K	10x	as long as short
edgeX MRVLUSDClong	+0.0095%	4h	261.25	long leg	$37K	$369K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	261.49	+0.092%	$518K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.29	+0.015%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.30	+0.019%	$2K	$3K	10x	as long as short
Binance MRVLUSDT	+0.0103%	8h	261.42	+0.064%	$24.3M	$114.6M	50x	as long as short
Extended MRVL-USD	+0.0104%	1h	261.36	+0.040%	$47K	$345K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.31	+0.023%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0213%	8h	261.65	+0.153%	$1K	$204K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.50	+0.095%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	264.15	+1.110%	$11K	$661	12x	as long as short
Bitget MRVLUSDTshort	+0.0253%	8h	261.40	+0.057%	$5.6M	$16.5M	20x