Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h +0.113%

Price spread now: GRVT against edgeX−0.001%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.001%, 7d avg +0.024%

Together, before fees−0.083%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GRVT is 0.025% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.119% in total (about -6.2% 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	257.34	0.0188	pay 0.0094% / 4h	2h 03m	$36K	$368K	10x
Short	GRVT MRVL_USDT_Perp	257.34	0	get 0.0000% / 8h	2h 03m	$394	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$39.43
Price spread: −0.001% → +0.024%: −$2.54
Slippage, 4 orders: −$23.88
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$83.85
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from edgeX: live order book, 20 min ago; GRVT: 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, 20 min ago	5.44 bp	10.3 bp −$10	14.9 bp −$149	doesn't fit	doesn't fit
Sell GRVT live order book, 19 min ago	1.36 bp	9.4 bp −$9	22.7 bp −$227	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	257.27	−0.029%	$376K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.25	−0.038%	$310K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.37	+0.009%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.40	+0.020%	$24.1M	$115.2M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.22	−0.048%	$5.1M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.30	−0.017%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.42	+0.030%	$5.5M	$10.0M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	257.31	−0.013%	$5.6M	$16.4M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	257.38	+0.013%	$710K	$760K	—	as long as short
GRVT MRVL_USDT_Perpshort	0.0000%	8h	257.34	−0.001%	$394	$249K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	257.41	+0.026%	$1K	$7.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	257.26	−0.033%	$22K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.25	−0.036%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	257.23	−0.043%	$597	$54K	10x	as long as short
Lighter MRVL	+0.0032%	1h	257.40	+0.022%	$91K	$219K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	257.06	−0.110%	$25K	$30K	5x	as long as short
QFEX MRVL-USD	+0.0043%	1h	257.33	−0.005%	$1.1M	$4.2M	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.47	+0.049%	—	$41K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.21	−0.052%	$14.5M	$9.8M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.36	+0.006%	$257	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.23	−0.044%	$585K	$939K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0062%	8h	257.29	−0.022%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	257.19	−0.060%	$509K	$72K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.15	−0.075%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.39	+0.018%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.35	+0.003%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0112%	1h	257.13	−0.083%	$317K	$890K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0127%	1h	257.49	+0.057%	$106K	$64K	10x	as long as short
Phoenix MRVL	+0.0156%	1h	257.24	−0.040%	$11K	$12K	10x	as long as short
edgeX MRVLUSDClong	+0.0188%	4h	257.34	long leg	$36K	$368K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	259.72	+0.923%	$11K	$609	12x	as long as short
Nado MRVL-PERP	+0.0407%	1h	257.15	−0.074%	$509K	$66K	10x	as long as short