Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0216%/8h= +23.6% APRpaid last 24h +0.048%

Price spread now: Phoenix against Gate+0.077%77s7-day average — · you sell dearer than you buy

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

Long on Gate Short on Phoenix

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—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.077% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 77 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	261.30	0	get 0.0000% / 8h	7h 08m	$5.7M	$9.6M	50x
Short	Phoenix MRVL	261.50	0.0216	get 0.0027% / 1h	8m 08s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.077%Rate

Funding earned: $45.27
Price spread: +0.077% → 0.000%: $7.65
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $30.93
Costs to cover: 0.220%
Break-even: 2.2 days

Slippage unknown: Gate: live order book, just now; Phoenix: 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 Gate live order book, just now	2.30 bp	14.4 bp −$14	28.1 bp −$281	42.9 bp −$4,289	77.5 bp −$38.7K
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
Deribit MRVL_USDC-PERPETUAL	−0.0018%	1h	261.22	−0.031%	$23K	$143K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.17	−0.050%	$314K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.33	+0.011%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.44	+0.054%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDTlong	0.0000%	8h	261.30	long leg	$5.7M	$9.6M	50x
SunX MRVL-USDT	0.0000%	8h	261.36	+0.023%	$1K	$6.6M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.31	+0.004%	$132K	$45K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0012%	1h	261.30	−0.002%	$887	$52K	10x	as long as short
BloFin MRVL-USDT	+0.0020%	8h	261.18	−0.046%	$377K	$171K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.241%	$335K	$720K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0027%	1h	261.27	−0.011%	$1.1M	$4.1M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.36	+0.023%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.14	−0.061%	$26K	$27K	5x	as long as short
Variational Omni MRVL	+0.0045%	8h	261.25	−0.018%	$725K	$764K	—	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.70	+0.153%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.25	−0.019%	$14.8M	$8.2M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.38	+0.031%	$105K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.33	+0.011%	$57	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.13	−0.065%	$573K	$929K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	261.28	−0.006%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0089%	1h	261.32	+0.007%	$89K	$320K	10x	as long as short
edgeX MRVLUSDC	+0.0095%	4h	261.25	−0.019%	$37K	$369K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.49	+0.073%	$518K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.29	−0.004%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.30	0.000%	$2K	$3K	10x	as long as short
Binance MRVLUSDT	+0.0103%	8h	261.36	+0.023%	$24.3M	$114.6M	50x	as long as short
Extended MRVL-USD	+0.0104%	1h	261.28	−0.006%	$47K	$345K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.31	+0.004%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0213%	8h	261.65	+0.134%	$1K	$204K	10x	as long as short
Phoenix MRVLshort	+0.0216%	1h	261.50	+0.077%	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	264.15	+1.091%	$11K	$661	12x	as long as short
Bitget MRVLUSDT	+0.0253%	8h	261.37	+0.027%	$5.6M	$16.5M	20x	as long as short