Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.069%

Price spread now: Polymarket Perps against HTX+0.038%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.488%+$49 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.038%, 7d avg +0.117%

Together, before fees+0.326%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.079% cheaper against HTX than usual: you would sell low and buy high (spread +0.038% now, against its 7-day average of +0.117%). If the spread goes back, that is −$8 on $10k: about 5.3 days of funding at the current rate (+$2 a day). At the pace of the last 5 days (+0.488% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRVL-USDT	260.65	0	get 0.0000% / 8h	5h 12m	$131K	$42K	50x
Short	Polymarket Perps MRVL-USD	260.75	0.0050	get 0.0006% / 1h	12m 46s	$104K	$79K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.038%Rate

Funding earned: $10.5
Price spread: +0.038% → +0.117%: −$7.91
Slippage, 4 orders: −$12.76
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$30.16
Costs to cover: 0.328%
Break-even: 27.1 days

Slippage from HTX: live order book, 48 min ago; Polymarket Perps: live order book, 49 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, 48 min ago	2.50 bp	8.5 bp −$8	16.2 bp −$162	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 49 min ago	3.27 bp	8.4 bp −$8	10.2 bp −$102	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	−0.0004%	8h	260.79	+0.054%	$377K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.76	+0.044%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.81	+0.061%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.86	+0.081%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.92	+0.104%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.87	+0.084%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.78	+0.051%	$718K	$653K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.74	+0.035%	$834	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.83	+0.069%	$1K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.75	+0.038%	$23K	$143K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDTlong	0.0000%	8h	260.65	long leg	$131K	$42K	50x
Aftermath Perps MRVLUSD	+0.0015%	1h	260.59	−0.023%	$700	$50K	10x	as long as short
Extended MRVL-USD	+0.0024%	1h	260.88	+0.088%	$51K	$347K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.77	+0.046%	$1.1M	$3.7M	10x	as long as short
Binance MRVLUSDT	+0.0027%	8h	260.94	+0.109%	$24.3M	$107.8M	50x	as long as short
Lighter MRVL	+0.0032%	1h	260.95	+0.115%	$94K	$204K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.311%	$334K	$630K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.46	−0.073%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.07	+0.161%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.73	+0.031%	$14.5M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USDshort	+0.0050%	1h	260.75	+0.038%	$104K	$79K	10x
SoDEX MRVL-USD	+0.0050%	1h	260.84	+0.073%	$125	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.55	−0.038%	$576K	$694K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.85	+0.075%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.83	+0.069%	$515K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.60	−0.019%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.89	+0.092%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.86	+0.079%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0117%	1h	260.74	+0.033%	$89K	$274K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.77	+0.046%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.051%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0448%	4h	260.72	+0.028%	$37K	$372K	10x	as long as short