Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.048%

Price spread now: Phoenix against HTX−0.023%7-day average — · you buy dearer than you sell

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

Long on HTX 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—needs both histories

Funding pays, the price is against you. Phoenix is 0.023% cheaper against HTX than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRVL-USDT	257.13	0	get 0.0000% / 8h	2h 12m	$130K	$81K	50x
Short	Phoenix MRVL	257.07	0.0156	get 0.0019% / 1h	12m 34s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.023%Rate

Funding earned: $32.72
Price spread: −0.023% → 0.000%: −$2.33
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $11.39
Costs to cover: 0.190%
Break-even: 4.6 days

Slippage unknown: HTX: live order book, 8 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 HTX live order book, 8 min ago	2.92 bp	9.7 bp −$10	22.3 bp −$223	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 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	−0.0002%	8h	257.02	−0.043%	$376K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.13	−0.001%	$310K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.14	+0.004%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.16	+0.013%	$24.0M	$115.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.04	−0.035%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.12	−0.004%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.21	+0.031%	$5.5M	$9.9M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	257.12	−0.004%	$5.6M	$16.4M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	257.19	+0.025%	$710K	$760K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.29	+0.062%	$399	$249K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	257.15	+0.008%	$2K	$7.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	257.03	−0.039%	$22K	$143K	10x	as long as short
HTX MRVL-USDTlong	0.0000%	8h	257.13	long leg	$130K	$81K	50x
Aftermath Perps MRVLUSD	+0.0013%	1h	257.13	0.000%	$597	$55K	10x	as long as short
Lighter MRVL	+0.0032%	1h	257.22	+0.035%	$91K	$219K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.91	−0.086%	$25K	$30K	5x	as long as short
QFEX MRVL-USD	+0.0043%	1h	257.15	+0.008%	$1.1M	$4.2M	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.39	+0.101%	—	$41K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.02	−0.043%	$14.1M	$9.4M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.11	−0.008%	$303	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.94	−0.074%	$584K	$937K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0057%	8h	257.08	−0.018%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	257.02	−0.043%	$509K	$72K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.08	−0.019%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.15	+0.008%	$2K	$3K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0102%	1h	257.16	+0.012%	$106K	$64K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.15	+0.007%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0112%	1h	257.13	0.000%	$317K	$890K	10x	as long as short
Phoenix MRVLshort	+0.0156%	1h	257.07	−0.023%	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	259.72	+1.007%	$11K	$609	12x	as long as short
Nado MRVL-PERP	+0.0415%	1h	256.95	−0.071%	$509K	$66K	10x	as long as short
edgeX MRVLUSDC	+0.0599%	4h	257.19	+0.023%	$36K	$369K	10x	as long as short