Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against HTX−0.161%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$970.974% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 3 days (all we have)+0.108%+$11 · spread now −0.161%, 7d avg +0.023%

Together, before fees+0.312%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.184% cheaper against HTX than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of +0.023%). If the spread goes back, that is −$18 on $10k: about 6.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRVL-USDT	261.03	0	get 0.0000% / 8h	7h 28m	$132K	$51K	50x
Short	ApeX Omni MRVLUSDT	260.61	0.0100	get 0.0013% / 1h	28m 21s	$4K	$142K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now −0.161%Rate

Funding earned: $21
Price spread: −0.161% → +0.023%: −$18.39
Slippage, 4 orders: −$75.43
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$94.82
Costs to cover: 0.974%
Break-even: 38.6 days

Slippage from HTX: live order book, 43 min ago; ApeX Omni: live order book, 42 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 HTX live order book, 43 min ago	0.77 bp	6.8 bp −$7	12.6 bp −$126	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 42 min ago	27.20 bp	38.4 bp −$38	201.1 bp −$2,011	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	−0.0003%	8h	261.44	+0.157%	$376K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.49	+0.177%	$315K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.63	+0.230%	$5.2M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.74	+0.272%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.72	+0.264%	$5.6M	$9.5M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.77	+0.283%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.67	+0.245%	$23K	$143K	10x	as long as short
HTX MRVL-USDTlong	0.0000%	8h	261.03	long leg	$132K	$51K	50x
GRVT MRVL_USDT_Perp	+0.0003%	8h	261.24	+0.080%	$280	$206K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	261.12	+0.033%	$887	$52K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRVL	+0.0015%	8h	261.26	+0.090%	$725K	$766K	—	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.138%	$335K	$778K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.66	+0.241%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.71	+0.261%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.05	+0.008%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	262.03	+0.383%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.63	+0.230%	$14.8M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.77	+0.283%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.48	+0.172%	$570K	$945K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	261.64	+0.232%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0064%	1h	261.59	+0.215%	$88K	$317K	10x	as long as short
Binance MRVLUSDT	+0.0076%	8h	261.79	+0.291%	$24.2M	$114.6M	50x	as long as short
Extended MRVL-USD	+0.0080%	1h	261.73	+0.270%	$47K	$347K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.59	+0.215%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDTshort	+0.0100%	1h	260.61	−0.161%	$4K	$142K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.77	+0.283%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.73	+0.267%	$18	—	10x	as long as short
SoDEX MRVL-USD	+0.0108%	1h	261.70	+0.257%	$115	$15K	10x	as long as short
Bitget MRVLUSDT	+0.0152%	8h	261.74	+0.272%	$5.6M	$16.5M	20x	as long as short
edgeX MRVLUSDC	+0.0172%	4h	261.21	+0.070%	$37K	$371K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.44	+0.157%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.77	+1.050%	$11K	$658	12x	as long as short