Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: Bybit against Injective−0.874%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.874% cheaper against Injective than usual: you would sell low and buy high (−$87 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MRVL/USDC PERP	258.64	0.0220	pay 0.0028% / 1h	53m 18s	$11K	$735	12x
Short	Bybit MRVLUSDT	256.38	0	get 0.0000% / 8h	2h 53m	$5.0M	$3.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Injective. 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 InjectivebpFee BybitbpOrdersPrice spread, now −0.874%Rate

Funding earned: −$46.2
Price spread: −0.874% → 0.000%: −$87.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$144.6
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	1.76 bp	11.4 bp −$11	29.9 bp −$299	doesn't fit	doesn't fit

Injective: 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
Bitget MRVLUSDT	−0.0576%	8h	256.51	−0.824%	$5.5M	$16.5M	20x	as long as short
BloFin MRVL-USDT	−0.0028%	8h	256.39	−0.870%	$366K	$177K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.36	−0.880%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.44	−0.850%	$49K	$269K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.52	−0.818%	$23.5M	$110.4M	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	256.38	−0.874%	$5.0M	$3.9M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	256.42	−0.858%	$6.8M	$23.0M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.47	−0.839%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.40	−0.866%	$711K	$500K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.02	−1.014%	$778	$191K	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	256.49	−0.831%	$2K	$6.0M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.37	−0.878%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0023%	1h	255.92	−1.053%	$745	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	256.46	−0.843%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.41	−0.862%	$89K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.89	−1.063%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.66	−0.766%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.30	−0.905%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.25	−0.924%	$102K	$80K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.05	−1.001%	$560K	$747K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.37	−0.878%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	254.95	−1.427%	$322K	$632K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.08	−0.990%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.43	−0.854%	$2K	$3K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0101%	1h	256.39	−0.870%	$22K	$144K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.44	−0.849%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0118%	8h	256.39	−0.870%	$506K	$62K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	256.41	−0.862%	$11K	$12K	10x	as long as short
Nado MRVL-PERP	+0.0166%	1h	256.32	−0.897%	$87K	$272K	10x	as long as short
edgeX MRVLUSDC	+0.0206%	4h	256.19	−0.946%	$36K	$372K	10x	as long as short
Injective MRVL/USDC PERPlong	+0.0220%	1h	258.64	long leg	$11K	$735	12x
SoDEX MRVL-USD	+0.0309%	1h	256.39	−0.870%	$138	$15K	10x	as long as short