Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0206%/8h= +22.6% APRpaid last 24h +0.054%

Price spread now: edgeX against Gate−0.178%112s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.486% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.427%+$43 on $10k

Price spread, last 4 days (all we have)+0.279%+$28 · spread now −0.178%, 7d avg −0.004%

Together, before fees+0.707%+ Points / potential airdropedgeX: Active · farm board+$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.174% cheaper against Gate than usual: you would sell low and buy high (spread −0.178% now, against its 7-day average of −0.004%). If the spread goes back, that is −$17 on $10k: about 2.8 days of funding at the current rate (+$6 a day). The two prices were read 112 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	Gate MRVL_USDT	256.65	0	get 0.0000% / 8h	2h 51m	$5.4M	$8.3M	50x
Short	edgeX MRVLUSDC	256.19	0.0206	get 0.0103% / 4h	2h 51m	$36K	$372K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.178%Rate

Funding earned: $43.36
Price spread: −0.178% → −0.004%: −$17.42
Slippage, 4 orders: −$24.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$22.68
Costs to cover: 0.486%
Break-even: 10.7 days

Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 62 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, 2 min ago	2.53 bp	14.4 bp −$14	34.1 bp −$341	48.0 bp −$4,802	82.2 bp −$41.1K
Sell edgeX live order book, 62 min ago	5.41 bp	10.2 bp −$10	14.5 bp −$145	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	−0.0561%	8h	256.64	−0.004%	$5.5M	$16.5M	20x	as long as short
BloFin MRVL-USDT	−0.0028%	8h	256.39	−0.101%	$366K	$177K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.69	+0.017%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.56	−0.035%	$49K	$269K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.70	+0.019%	$23.6M	$110.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.64	−0.004%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.59	−0.023%	$6.8M	$23.1M	50x	as long as short
Gate MRVL_USDTlong	0.0000%	8h	256.65	long leg	$5.4M	$8.3M	50x
Variational Omni MRVL	0.0000%	8h	256.40	−0.097%	$711K	$500K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.02	−0.246%	$778	$191K	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	256.70	+0.019%	$2K	$6.0M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.37	−0.109%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0023%	1h	256.02	−0.244%	$746	$48K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0023%	1h	256.73	+0.031%	$22K	$144K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	256.70	+0.019%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.57	−0.031%	$89K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.19	−0.179%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.81	+0.062%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.70	+0.019%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.52	−0.051%	$102K	$80K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.54	−0.043%	$562K	$749K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.67	+0.007%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	254.95	−0.662%	$322K	$632K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.08	−0.222%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.76	+0.043%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.76	+0.043%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0118%	8h	256.77	+0.047%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	256.41	−0.094%	$11K	$12K	10x	as long as short
Nado MRVL-PERP	+0.0162%	1h	256.60	−0.020%	$87K	$272K	10x	as long as short
edgeX MRVLUSDCshort	+0.0206%	4h	256.19	−0.178%	$36K	$372K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+0.775%	$11K	$735	12x	as long as short
SoDEX MRVL-USD	+0.0366%	1h	256.67	+0.008%	$128	$15K	10x	as long as short