Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.060%

Price spread now: Injective against GRVT+1.364%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 1.364% dearer against GRVT than usual: you sell high and buy low: +$136 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MRVL_USDT_Perp	255.16	0	get 0.0000% / 8h	2h 34m	$242	$191K	10x
Short	Injective MRVL/USDC PERP	258.64	0.0220	get 0.0028% / 1h	34m 53s	$11K	$735	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.364%Rate

Funding earned: $46.2
Price spread: +1.364% → 0.000%: $136.39
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $173.57
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: live order book, 12 min ago; Injective: 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 GRVT live order book, 12 min ago	1.37 bp	8.4 bp −$8	17.0 bp −$170	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Bitget MRVLUSDT	−0.0688%	8h	254.95	−0.082%	$5.5M	$16.6M	20x	as long as short
BloFin MRVL-USDT	−0.0022%	8h	255.11	−0.020%	$369K	$177K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.64	−0.203%	$300K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.54	−0.244%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.57	−0.231%	$23.6M	$111.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.50	−0.259%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.47	−0.270%	$6.8M	$23.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.58	−0.227%	$5.4M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.93	−0.090%	$707K	$493K	—	as long as short
GRVT MRVL_USDT_Perplong	0.0000%	8h	255.16	long leg	$242	$191K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	255.15	−0.004%	$2K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.94	−0.086%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.55	−0.239%	$128K	$43K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	254.97	−0.073%	$592	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	254.91	−0.098%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.95	−0.082%	$88K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.66	−0.196%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.17	+0.004%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.62	−0.212%	$14.0M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.81	−0.137%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.02	−0.055%	$168	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.30	−0.337%	$561K	$749K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.92	−0.092%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.88	−0.502%	$318K	$635K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.04	−0.047%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.97	−0.074%	$2K	$3K	10x	as long as short
Nado MRVL-PERP	+0.0102%	1h	254.97	−0.076%	$87K	$272K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.99	−0.065%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0115%	8h	254.89	−0.106%	$504K	$63K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	254.38	−0.306%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0208%	4h	254.97	−0.075%	$36K	$373K	10x	as long as short
Injective MRVL/USDC PERPshort	+0.0220%	1h	258.64	+1.364%	$11K	$735	12x