Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.024%

Price spread now: Orderly against edgeX−0.202%71s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.202% cheaper against edgeX than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 71 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	254.28	0.0200	pay 0.0100% / 4h	2h 27m	$36K	$374K	10x
Short	Orderly PERP_MRVL_USDC_mythos	253.77	0.0100	get 0.0100% / 8h	2h 27m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.202%Rate

Funding earned: −$21.01
Price spread: −0.202% → 0.000%: −$20.22
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$56.23
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 21 min ago; Orderly: 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, 21 min ago	5.46 bp	10.2 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0795%	8h	253.89	−0.155%	$5.5M	$16.7M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	253.76	−0.206%	$299K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	253.73	−0.218%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	253.69	−0.233%	$23.5M	$111.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	253.52	−0.301%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	253.69	−0.234%	$6.7M	$23.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	253.90	−0.151%	$5.3M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.22	−0.027%	$705K	$491K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.35	+0.026%	$1K	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	253.81	−0.186%	$2K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	253.69	−0.234%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.46	+0.069%	$128K	$43K	50x	as long as short
BloFin MRVL-USDT	+0.0007%	8h	254.47	+0.073%	$367K	$178K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	254.45	+0.065%	$591	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	253.80	−0.190%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	253.62	−0.261%	$88K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.22	−0.025%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.25	−0.013%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	253.57	−0.281%	$13.9M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	253.68	−0.238%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	253.89	−0.155%	$178	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	253.80	−0.190%	$559K	$741K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	253.87	−0.164%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0081%	1h	253.80	−0.190%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.60	−0.269%	$318K	$634K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.26	−0.010%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	253.77	−0.202%	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	253.74	−0.215%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0105%	8h	253.98	−0.120%	$502K	$63K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	254.22	−0.025%	$11K	$12K	10x	as long as short
edgeX MRVLUSDClong	+0.0200%	4h	254.28	long leg	$36K	$374K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.713%	$11K	$735	12x	as long as short