Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0703%/8h= −77.0% APRpaid last 24h −0.018%

Price spread now: BloFin against edgeX−0.047%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.047%, 7d avg −0.010%

Together, before fees−0.152%+ Points / potential airdropedgeX: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and BloFin is 0.037% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.101% in total (about -5.3% 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	edgeX MRVLUSDC	260.48	0.0680	pay 0.0340% / 4h	16m 31s	$37K	$372K	10x
Short	BloFin MRVL-USDT	260.36	−0.0023	pay 0.0023% / 8h	4h 16m	$374K	$172K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$147.65
Price spread: −0.047% → −0.010%: −$3.71
Slippage, 4 orders: −$16.25
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$188.61
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from edgeX: live order book, 42 min ago; BloFin: live order book, 19 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, 42 min ago	5.36 bp	10.2 bp −$10	14.4 bp −$144	doesn't fit	doesn't fit
Sell BloFin live order book, 19 min ago	0.96 bp	9.7 bp −$10	14.3 bp −$143	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-USDTshort	−0.0023%	8h	260.36	−0.047%	$374K	$172K	50x
Aster MRVLUSDT	0.0000%	8h	260.46	−0.010%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.34	−0.053%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.37	−0.043%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.28	−0.078%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.25	−0.089%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.35	−0.051%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.40	−0.032%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.79	+0.117%	$718K	$635K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.55	+0.026%	$662	$189K	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	260.31	−0.066%	$1K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.19	−0.112%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.36	−0.047%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.34	−0.055%	$604	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.43	−0.020%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.35	−0.051%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.24	−0.093%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.69	+0.080%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.23	−0.097%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.16	−0.124%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.29	−0.074%	$115	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.26	−0.085%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	260.34	−0.055%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.247%	$334K	$628K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.52	+0.014%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.56	+0.030%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.30	−0.070%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.25	−0.088%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0126%	1h	260.29	−0.076%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.75	+0.103%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.082%	$11K	$705	12x	as long as short
edgeX MRVLUSDClong	+0.0680%	4h	260.48	long leg	$37K	$372K	10x