Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.008%

Price spread now: tradeXYZ against GRVT−0.229%86s7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as 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−$380.379% of the position

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.229%, 7d avg −0.079%

Together, before fees+0.172%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.149% cheaper against GRVT than usual: you would sell low and buy high (spread −0.229% now, against its 7-day average of −0.079%). If the spread goes back, that is −$15 on $10k: about 10.0 days of funding at the current rate (+$2 a day). The two prices were read 86 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	260.60	0	get 0.0000% / 8h	4h 05m	$636	$189K	10x
Short	tradeXYZ xyz:MRVL	260.00	0.0050	get 0.0006% / 1h	5m 52s	$14.6M	$8.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.229%Rate

Funding earned: $10.5
Price spread: −0.229% → −0.079%: −$14.94
Slippage, 4 orders: −$10.88
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$42.33
Costs to cover: 0.379%
Break-even: 35.2 days

Slippage from GRVT: live order book, 51 min ago; tradeXYZ: live order book, 3 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, 51 min ago	1.34 bp	7.0 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.96 bp	11.0 bp −$11	14.4 bp −$144	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
BloFin MRVL-USDT	−0.0014%	8h	260.20	−0.152%	$374K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.26	−0.129%	$312K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.07	−0.203%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.07	−0.203%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.97	−0.240%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.03	−0.217%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.13	−0.179%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.17	−0.164%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.22	−0.145%	$717K	$631K	—	as long as short
GRVT MRVL_USDT_Perplong	0.0000%	8h	260.60	long leg	$636	$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	260.23	−0.141%	$1K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.17	−0.164%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.37	−0.087%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.19	−0.154%	$657	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.18	−0.160%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.21	−0.148%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.14	−0.175%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.59	−0.002%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVLshort	+0.0050%	1h	260.00	−0.229%	$14.6M	$8.4M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	260.07	−0.202%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.18	−0.160%	$104	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.26	−0.129%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	260.21	−0.149%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.25	−0.133%	$334K	$633K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.32	−0.106%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.39	−0.079%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.23	−0.141%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.19	−0.156%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0131%	1h	260.18	−0.159%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.48	−0.045%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.038%	$11K	$705	12x	as long as short
edgeX MRVLUSDC	+0.0762%	4h	260.45	−0.058%	$37K	$371K	10x	as long as short