Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0892%/8h= +97.7% APRpaid last 24h −0.059%

Price spread now: edgeX against Extended−0.059%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.059%, 7d avg +0.019%

Together, before fees+0.288%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.078% cheaper against Extended than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.019%). If the spread goes back, that is −$8 on $10k: about 7 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.098% in total) that is about 5.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% 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	Extended MRVL-USD	260.83	0.0040	pay 0.0005% / 1h	55m 21s	$51K	$356K	10x
Short	edgeX MRVLUSDC	260.68	0.0932	get 0.0466% / 4h	1h 55m	$37K	$369K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $187.35
Price spread: −0.059% → +0.019%: −$7.83
Slippage, 4 orders: −$20.14
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $145.38
Costs to cover: 0.341%
Break-even: 1.6 days

Slippage from Extended: live order book, 7 min ago; edgeX: live order book, 8 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 Extended live order book, 7 min ago	0.96 bp	7.0 bp −$7	30.8 bp −$308	doesn't fit	doesn't fit
Sell edgeX live order book, 8 min ago	5.38 bp	10.2 bp −$10	14.5 bp −$145	doesn't fit	doesn't fit

MRVL on 31 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
Aster MRVLUSDT	0.0000%	8h	260.63	−0.075%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.80	−0.012%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.82	−0.004%	$7.1M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.87	+0.015%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.87	+0.015%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.75	−0.030%	$716K	$656K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.78	−0.020%	$472	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.77	−0.023%	$1K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.96	−0.334%	$131K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.44	−0.150%	$884	$50K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0026%	1h	260.85	+0.007%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.84	+0.003%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−0.253%	$335K	$631K	10x	as long as short
Extended MRVL-USDlong	+0.0040%	1h	260.83	long leg	$51K	$356K	10x
Arcus MRVL-USD	+0.0040%	1h	260.32	−0.196%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0044%	8h	260.82	−0.004%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.12	+0.111%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.66	−0.066%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.74	−0.035%	$104K	$79K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.51	−0.123%	$575K	$677K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.83	+0.001%	—	—	5x	as long as short
SoDEX MRVL-USD	+0.0097%	1h	260.73	−0.039%	$156	$15K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.71	−0.046%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.50	−0.127%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.78	−0.020%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.66	−0.066%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.48	−0.135%	$11K	$12K	10x	as long as short
Nado MRVL-PERP	+0.0216%	1h	260.71	−0.046%	$89K	$273K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+0.839%	$11K	$680	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0249%	1h	260.70	−0.050%	$23K	$143K	10x	as long as short
edgeX MRVLUSDCshort	+0.0932%	4h	260.68	−0.059%	$37K	$369K	10x