Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Extended against GRVT+0.111%92s7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as 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−$340.344% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.111%, 7d avg −0.036%

Together, before fees−0.229%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.148% dearer against GRVT than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 92 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	GRVT MRVL_USDT_Perp	254.31	0	get 0.0000% / 8h	6h 55m	$422	$182K	10x
Short	Extended MRVL-USD	254.59	0	get 0.0000% / 1h	55m 50s	$46K	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GRVT. 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 GRVTbpFee ExtendedbpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → −0.036%: $14.76
Slippage, 4 orders: −$20.42
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$19.66
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from GRVT: live order book, 36 min ago; Extended: live order book, 36 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 GRVT live order book, 36 min ago	1.39 bp	11.4 bp −$11	29.0 bp −$290	doesn't fit	doesn't fit
Sell Extended live order book, 36 min ago	0.80 bp	7.1 bp −$7	29.6 bp −$296	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	−0.0207%	8h	254.60	+0.114%	$5.4M	$18.2M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.39	+0.031%	$300K	$337K	50x	as long as short
Extended MRVL-USDshort	0.0000%	1h	254.59	+0.111%	$46K	$298K	10x
Binance MRVLUSDT	0.0000%	8h	254.42	+0.043%	$23.3M	$118.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.46	+0.059%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.35	+0.015%	$6.8M	$25.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.54	+0.090%	$4.9M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.68	+0.143%	$712K	$460K	—	as long as short
GRVT MRVL_USDT_Perplong	0.0000%	8h	254.31	long leg	$422	$182K	10x
SunX MRVL-USDT	0.0000%	8h	254.74	+0.169%	$2K	$5.6M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	254.78	+0.185%	$131K	$48K	50x	as long as short
BloFin MRVL-USDT	+0.0020%	8h	254.56	+0.098%	$368K	$202K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	254.41	+0.037%	$1K	$45K	10x	as long as short
QFEX MRVL-USD	+0.0031%	1h	254.74	+0.169%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.70	+0.153%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.45	+0.055%	$22K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.89	+0.228%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.62	+0.122%	$13.9M	$9.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.71	+0.157%	$99K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.65	+0.133%	$158	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.55	+0.094%	$542K	$862K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.62	+0.122%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.57	+0.102%	$504K	$159K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.42	+0.043%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.69	+0.149%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.54	+0.088%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0128%	1h	254.65	+0.133%	$325K	$620K	10x	as long as short
Nado MRVL-PERP	+0.0134%	1h	254.63	+0.126%	$87K	$276K	10x	as long as short
Phoenix MRVL	+0.0188%	1h	254.32	+0.004%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.912%	$11K	$832	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0221%	1h	254.81	+0.196%	$22K	$145K	10x	as long as short
edgeX MRVLUSDC	+0.0936%	4h	254.55	+0.096%	$36K	$373K	10x	as long as short