Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0494%/8h= +54.1% APRpaid last 24h +0.059%

Price spread now: edgeX against Injective−1.718%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 1.718% cheaper against Injective than usual: you would sell low and buy high (spread −1.718% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$172 on $10k: about 12 days of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MRVL/USDC PERP	256.63	0.0220	pay 0.0028% / 1h	32m 19s	$11K	$845	12x
Short	edgeX MRVLUSDC	252.22	0.0714	get 0.0357% / 4h	3h 32m	$36K	$375K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −1.718%Rate

Funding earned: $103.81
Price spread: −1.718% → 0.000%: −$171.77
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$76.99
Costs to cover: 0.090%
Break-even: 12.2 days

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 1 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 edgeX live order book, 1 min ago	5.37 bp	10.2 bp −$10	14.8 bp −$148	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	−0.0397%	8h	251.06	−2.170%	$5.4M	$17.8M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	251.37	−2.049%	$296K	$336K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	251.30	−2.076%	$46K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	250.97	−2.206%	$23.2M	$116.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	250.86	−2.248%	$4.9M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	250.99	−2.198%	$6.7M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	251.02	−2.186%	$4.9M	$8.5M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	252.28	−1.694%	$707K	$457K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	252.29	−1.691%	$278	$182K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	251.60	−1.960%	$1K	$5.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	251.28	−2.085%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	251.82	−1.874%	$130K	$48K	50x	as long as short
BloFin MRVL-USDT	+0.0006%	8h	251.48	−2.007%	$363K	$192K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	252.26	−1.704%	$1K	$45K	10x	as long as short
QFEX MRVL-USD	+0.0022%	1h	251.13	−2.143%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	251.24	−2.100%	$87K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	251.19	−2.120%	$22K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	251.26	−2.093%	—	$51K	25x	as long as short
Paradex MRVL-USD-PERP	+0.0049%	8h	251.22	−2.107%	—	—	5x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	250.88	−2.241%	$13.8M	$9.2M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	251.00	−2.194%	$98K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	251.49	−2.003%	$116	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	251.04	−2.178%	$536K	$841K	10x	as long as short
Nado MRVL-PERP	+0.0054%	1h	250.93	−2.219%	$85K	$276K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0072%	1h	251.24	−2.100%	$320K	$660K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	251.21	−2.112%	$497K	$114K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	252.94	−1.438%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	250.96	−2.209%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	251.10	−2.155%	$18	—	10x	as long as short
Phoenix MRVL	+0.0188%	1h	253.01	−1.411%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERPlong	+0.0220%	1h	256.63	long leg	$11K	$845	12x
edgeX MRVLUSDCshort	+0.0714%	4h	252.22	−1.718%	$36K	$375K	10x