Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0917%/8h= −100.4% APRpaid last 24h −0.125%

Price spread now: Bybit against edgeX−0.063%101s7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as 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−$480.481% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now −0.063%, 7d avg −0.036%

Together, before fees−0.273%+ Points / potential airdropedgeX: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Bybit is 0.027% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.036%). Swap the legs. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.179% in total (about -9.3% 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	254.41	0.0917	pay 0.0459% / 4h	3h 01m	$36K	$375K	10x
Short	Bybit MRVLUSDT	254.25	0	get 0.0000% / 8h	7h 01m	$5.0M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$192.62
Price spread: −0.063% → −0.036%: −$2.7
Slippage, 4 orders: −$28.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$243.41
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from edgeX: live order book, 32 min ago; Bybit: 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, 32 min ago	5.37 bp	10.1 bp −$10	14.6 bp −$146	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.18 bp	12.4 bp −$12	24.7 bp −$247	676.3 bp −$67.6K	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	−0.0248%	8h	254.53	+0.047%	$5.4M	$18.2M	20x	as long as short
BloFin MRVL-USDT	−0.0023%	8h	254.48	+0.027%	$367K	$201K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.39	−0.008%	$300K	$337K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.37	−0.018%	$46K	$298K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.44	+0.010%	$23.3M	$118.7M	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	254.25	−0.063%	$5.0M	$4.2M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	254.41	0.000%	$6.9M	$25.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.49	+0.031%	$4.9M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.30	−0.042%	$711K	$460K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.50	+0.036%	$422	$182K	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	254.43	+0.008%	$2K	$5.6M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.24	−0.067%	$131K	$48K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	254.07	−0.133%	$1K	$45K	10x	as long as short
QFEX MRVL-USD	+0.0022%	1h	254.37	−0.016%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.23	−0.071%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.10	−0.122%	$22K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.58	+0.067%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.24	−0.067%	$13.9M	$9.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.37	−0.016%	$99K	$76K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.37	−0.016%	$541K	$862K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.45	+0.017%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0066%	1h	254.45	+0.015%	$87K	$276K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0072%	1h	254.46	+0.019%	$325K	$619K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.25	−0.063%	$502K	$152K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.18	−0.091%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.33	−0.032%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.26	−0.059%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0144%	1h	254.22	−0.075%	$22K	$145K	10x	as long as short
Phoenix MRVL	+0.0188%	1h	254.36	−0.020%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.872%	$11K	$845	12x	as long as short
SoDEX MRVL-USD	+0.0309%	1h	254.34	−0.028%	$163	$15K	10x	as long as short
edgeX MRVLUSDClong	+0.0917%	4h	254.41	long leg	$36K	$375K	10x