Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: Gate against Injective−0.930%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 Gate

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 Gate is 0.930% cheaper against Injective than usual: you would sell low and buy high (−$93 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	262.42	0.0220	pay 0.0028% / 1h	56m 37s	$11K	$635	12x
Short	Gate MRVL_USDT	259.98	0	get 0.0000% / 8h	7h 56m	$5.7M	$9.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.930%Rate

Funding earned: −$46.2
Price spread: −0.930% → 0.000%: −$92.98
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$154.2
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	5.97 bp	36.2 bp −$36	45.9 bp −$459	50.9 bp −$5,090	85.0 bp −$42.5K

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
tradeXYZ xyz:MRVL	−0.0058%	1h	259.62	−1.067%	$14.6M	$9.2M	10x	as long as short
Nado MRVL-PERP	−0.0029%	1h	259.71	−1.034%	$88K	$316K	10x	as long as short
BloFin MRVL-USDT	−0.0019%	8h	259.77	−1.010%	$374K	$169K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	259.77	−1.008%	$313K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.89	−0.964%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.04	−0.907%	$7.1M	$22.5M	50x	as long as short
Gate MRVL_USDTshort	0.0000%	8h	259.98	−0.930%	$5.7M	$9.3M	50x
Bitget MRVLUSDT	0.0000%	8h	259.96	−0.937%	$5.6M	$16.5M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.69	−1.040%	$722K	$764K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.92	−0.953%	$2K	$6.8M	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-USDT	0.0000%	8h	259.84	−0.983%	$131K	$51K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	259.47	−1.123%	$881	$52K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	258.35	−1.551%	$319K	$765K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	259.88	−0.968%	$1.1M	$4.3M	10x	as long as short
Lighter MRVL	+0.0032%	1h	259.95	−0.941%	$95K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.41	−1.147%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.14	−0.869%	—	$46K	25x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.64	−1.059%	$104K	$86K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.69	−1.040%	$145	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.20	−1.227%	$578K	$932K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0057%	8h	260.04	−0.908%	—	—	5x	as long as short
Binance MRVLUSDT	+0.0060%	8h	260.04	−0.907%	$24.2M	$115.1M	50x	as long as short
Extended MRVL-USD	+0.0064%	1h	260.02	−0.914%	$49K	$204K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0068%	8h	259.72	−1.029%	$686	$223K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.60	−1.075%	$514K	$70K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.44	−1.136%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.94	−0.945%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.78	−1.006%	$18	—	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.65	−1.056%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERPlong	+0.0220%	1h	262.42	long leg	$11K	$635	12x
Deribit MRVL_USDC-PERPETUAL	+0.0250%	1h	259.91	−0.956%	$23K	$143K	10x	as long as short
edgeX MRVLUSDC	+0.0468%	4h	259.62	−1.066%	$36K	$367K	10x	as long as short