Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.043%

Price spread now: Phoenix against GRVT+0.025%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 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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.025% dearer against GRVT than usual: you sell high and buy low: +$2 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	256.04	0.0061	pay 0.0061% / 8h	5h 28m	$448	$179K	10x
Short	Phoenix MRVL	256.10	0.0187	get 0.0023% / 1h	28m 05s	$11K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.025%Rate

Funding earned: $26.51
Price spread: +0.025% → 0.000%: $2.48
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $13
Costs to cover: 0.160%
Break-even: 3.6 days

Slippage unknown: GRVT: live order book, 16 min ago; 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 GRVT live order book, 16 min ago	1.36 bp	9.5 bp −$10	20.7 bp −$207	doesn't fit	doesn't fit
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 exchanges

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
Aster MRVLUSDT	0.0000%	8h	256.27	+0.091%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.11	+0.028%	$46K	$284K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.26	+0.087%	$23.4M	$120.5M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.13	+0.037%	$4.9M	$4.3M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.19	+0.060%	$6.9M	$26.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.22	+0.072%	$4.9M	$8.7M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	256.22	+0.072%	$5.5M	$19.3M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	256.03	−0.001%	$712K	$215K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	256.23	+0.076%	$1K	$5.3M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.11	+0.029%	$132K	$49K	50x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0008%	1h	256.01	−0.009%	$1K	$42K	10x	as long as short
BloFin MRVL-USDT	+0.0020%	8h	256.12	+0.033%	$380K	$216K	50x	as long as short
Nado MRVL-PERP	+0.0024%	1h	255.96	−0.032%	$87K	$275K	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.90	−0.053%	$104K	$182K	10x	as long as short
Injective MRVL/USDC PERP	+0.0033%	1h	256.63	+0.232%	$11K	$823	12x	as long as short
QFEX MRVL-USD	+0.0034%	1h	256.10	+0.025%	$1.2M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.88	−0.061%	$22K	$22K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.39	+0.138%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.07	+0.013%	$14.1M	$9.6M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.16	+0.048%	$77K	$127K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.18	+0.056%	$184	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.01	−0.010%	$543K	$863K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	256.13	+0.038%	—	—	5x	as long as short
GRVT MRVL_USDT_Perplong	+0.0061%	8h	256.04	long leg	$448	$179K	10x
edgeX MRVLUSDC	+0.0089%	4h	256.00	−0.016%	$36K	$376K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	256.25	+0.083%	$506K	$260K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.17	+0.052%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.18	+0.056%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.10	+0.023%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	256.34	+0.119%	$317K	$429K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0141%	1h	256.14	+0.040%	$22K	$145K	10x	as long as short
Phoenix MRVLshort	+0.0187%	1h	256.10	+0.025%	$11K	$13K	10x