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= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Gate−0.051%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1011.006% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.449%+$45 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.051%, 7d avg −0.011%

Together, before fees+0.592%+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.040% cheaper against Gate than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.011%). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.449% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MRVL_USDT	255.22	0	get 0.0000% / 8h	19m 28s	$5.1M	$8.7M	50x
Short	ApeX Omni MRVLUSDT	255.09	0.0100	get 0.0013% / 1h	19m 28s	$4K	$141K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.051%Rate

Funding earned: $21
Price spread: −0.051% → −0.011%: −$4
Slippage, 4 orders: −$75.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$83.55
Costs to cover: 1.006%
Break-even: 34.9 days

Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 16 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 Gate live order book, 4 min ago	1.18 bp	14.9 bp −$15	30.7 bp −$307	47.5 bp −$4,749	82.2 bp −$41.1K
Sell ApeX Omni live order book, 16 min ago	22.89 bp	40.5 bp −$41	204.3 bp −$2,043	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
Bitget MRVLUSDT	−0.0537%	8h	255.41	+0.074%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	254.76	−0.180%	$334K	$652K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.15	−0.028%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.10	−0.046%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.25	+0.010%	$23.5M	$114.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.17	−0.020%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.20	−0.008%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDTlong	0.0000%	8h	255.22	long leg	$5.1M	$8.7M	50x
Variational Omni MRVL	0.0000%	8h	255.07	−0.059%	$715K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.13	−0.036%	$977	$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	255.23	+0.004%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.11	−0.043%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.02	−0.078%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.20	−0.009%	$676	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.16	−0.024%	$1.1M	$3.5M	10x	as long as short
BloFin MRVL-USDT	+0.0027%	8h	255.02	−0.078%	$367K	$188K	50x	as long as short
Lighter MRVL	+0.0032%	1h	255.05	−0.067%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.87	−0.137%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.35	+0.051%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.13	−0.035%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.29	+0.027%	$99K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.17	−0.020%	$214	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.72	−0.196%	$531K	$839K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.02	−0.078%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0059%	1h	255.10	−0.048%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.13	−0.035%	$504K	$70K	20x	as long as short
ApeX Omni MRVLUSDTshort	+0.0100%	1h	255.09	−0.051%	$4K	$141K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.16	−0.024%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.15	−0.028%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	254.98	−0.094%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.097%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0393%	4h	254.88	−0.132%	$36K	$374K	10x	as long as short