Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0496%/8h= −54.3% APRpaid last 24h −0.054%

Price spread now: Gate against edgeX−0.065%82s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as 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−$610.607% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.427%−$43 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.065%, 7d avg +0.004%

Together, before fees−0.491%+ Points / potential airdropedgeX: Active · farm board−$49 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Gate is 0.069% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 82 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	255.82	0.0496	pay 0.0248% / 4h	38m 01s	$36K	$373K	10x
Short	Gate MRVL_USDT	255.65	0	get 0.0000% / 8h	38m 01s	$5.2M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.065%Rate

Funding earned: −$104.11
Price spread: −0.065% → +0.004%: −$6.9
Slippage, 4 orders: −$36.67
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$171.68
Costs to cover: 0.607%
Break-even: never at this rate

Slippage from edgeX: live order book, 65 min ago; Gate: live order book, just now.

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	5.70 bp	10.5 bp −$11	14.9 bp −$149	doesn't fit	doesn't fit
Sell Gate live order book, just now	1.96 bp	19.7 bp −$20	37.3 bp −$373	45.8 bp −$4,575	80.4 bp −$40.2K

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	−0.0541%	8h	255.76	−0.022%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.99	+0.068%	$336K	$654K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.61	−0.079%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.58	−0.092%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.64	−0.068%	$23.6M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.56	−0.100%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.57	−0.096%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDTshort	0.0000%	8h	255.65	−0.065%	$5.2M	$8.6M	50x
Variational Omni MRVL	0.0000%	8h	255.83	+0.004%	$716K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.81	−0.001%	$391	$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	255.59	−0.088%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.51	−0.120%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.51	−0.120%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0013%	8h	255.56	−0.100%	$365K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.54	−0.109%	$701	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.57	−0.096%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.62	−0.077%	$89K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.41	−0.159%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.81	−0.002%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.51	−0.120%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.46	−0.139%	$99K	$86K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.56	−0.100%	$225	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.73	−0.034%	$534K	$860K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	255.52	−0.118%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0066%	1h	255.57	−0.097%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.66	−0.061%	$505K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.74	−0.030%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.56	−0.100%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.55	−0.103%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.88	+0.025%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.27	+0.959%	$11K	$825	12x	as long as short
edgeX MRVLUSDClong	+0.0496%	4h	255.82	long leg	$36K	$373K	10x