Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0283%/8h= −31.0% APRpaid last 24h −0.039%

Price spread now: Ondo Perps against edgeX+0.004%54s7-day average −0.070% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.004%, 7d avg −0.070%

Together, before fees−0.190%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.074% dearer against edgeX than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.070%): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.044% in total) that is about 12 days. The two prices were read 54 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 -0.044% in total (about -2.3% 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	255.16	0.0334	pay 0.0167% / 4h	12m 08s	$36K	$376K	10x
Short	Ondo Perps MRVL-USD.P	255.17	0.0050	get 0.0006% / 1h	12m 08s	$532K	$839K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$59.52
Price spread: +0.004% → −0.070%: $7.41
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$66.1
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 26 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 26 min ago	5.48 bp	10.3 bp −$10	14.9 bp −$149	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0524%	8h	255.39	+0.090%	$5.5M	$17.2M	20x	as long as short
BloFin MRVL-USDT	−0.0009%	8h	255.41	+0.098%	$366K	$189K	50x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	254.76	−0.157%	$334K	$651K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.29	+0.051%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.24	+0.031%	$50K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.26	+0.039%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.14	−0.008%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.19	+0.012%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.29	+0.051%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.08	−0.033%	$715K	$468K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRVL_USDT_Perp	0.0000%	8h	255.16	−0.001%	$977	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.37	+0.083%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.27	+0.043%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.12	−0.015%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.23	+0.028%	$751	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.36	+0.079%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.25	+0.035%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.03	−0.051%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.57	+0.161%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.18	+0.008%	$14.2M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.23	+0.028%	$99K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.20	+0.016%	$179	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	255.17	+0.004%	$532K	$839K	10x
Paradex MRVL-USD-PERP	+0.0051%	8h	255.27	+0.044%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0064%	1h	255.24	+0.031%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.21	+0.020%	$505K	$72K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.25	+0.035%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.27	+0.043%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.24	+0.031%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.13	−0.012%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.121%	$11K	$827	12x	as long as short
edgeX MRVLUSDClong	+0.0334%	4h	255.16	long leg	$36K	$376K	10x