Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.009%

Price spread now: Ondo Perps against GRVT−0.042%7-day average −0.093% · you buy dearer than you sell

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

Long on GRVT Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.042%, 7d avg −0.093%

Together, before fees−0.047%+ Points / potential airdropGRVT: Active · Ondo Perps: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.051% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MRVL_USDT_Perp	255.21	0	get 0.0000% / 8h	15m 14s	$977	$189K	10x
Short	Ondo Perps MRVL-USD.P	255.10	0.0050	get 0.0006% / 1h	15m 14s	$532K	$839K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.042%Rate

Funding earned: $10.58
Price spread: −0.042% → −0.093%: $5.1
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $1.68
Costs to cover: 0.140%
Break-even: 5.9 days

Slippage unknown: GRVT: live order book, 22 min ago; Ondo Perps: 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, 22 min ago	1.37 bp	9.8 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0533%	8h	255.32	+0.044%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	254.76	−0.175%	$334K	$651K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.16	−0.020%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.12	−0.034%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.18	−0.011%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.10	−0.042%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.11	−0.038%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.19	−0.007%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.08	−0.052%	$715K	$468K	—	as long as short
GRVT MRVL_USDT_Perplong	0.0000%	8h	255.21	long leg	$977	$189K	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	255.20	−0.003%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.10	−0.042%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.12	−0.034%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0017%	8h	255.18	−0.011%	$367K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.05	−0.063%	$715	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.15	−0.022%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.14	−0.026%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.92	−0.112%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.33	+0.048%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.02	−0.073%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.04	−0.065%	$99K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.11	−0.038%	$184	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	255.10	−0.042%	$532K	$839K	10x
Paradex MRVL-USD-PERP	+0.0051%	8h	255.08	−0.051%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0058%	1h	255.09	−0.046%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.03	−0.069%	$503K	$71K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.06	−0.058%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.15	−0.022%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.16	−0.019%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.24	+0.013%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.102%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0533%	4h	255.13	−0.030%	$36K	$375K	10x	as long as short