Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.036%

Price spread now: Orderly against Injective−0.884%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 Orderly

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 −$4 a day on $10k at the current rate, and Orderly is 0.884% cheaper against Injective than usual: you would sell low and buy high (−$88 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	257.82	0.0220	pay 0.0028% / 1h	2m 39s	$11K	$853	12x
Short	Orderly PERP_MRVL_USDC_mythos	255.54	0.0100	get 0.0100% / 8h	1h 02m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.884%Rate

Funding earned: −$25.2
Price spread: −0.884% → 0.000%: −$88.43
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$119.65
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Orderly: 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 Injective no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Injective and Orderly: 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	−0.0641%	8h	255.66	−0.838%	$5.6M	$17.1M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.48	−0.907%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.44	−0.923%	$47K	$280K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.50	−0.899%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.49	−0.904%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.58	−0.869%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.58	−0.869%	$5.2M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.89	−0.748%	$712K	$467K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.53	−0.888%	$779	$190K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.55	−0.880%	$1K	$6.0M	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	255.46	−0.915%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.53	−0.888%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	255.54	−0.884%	$595	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	255.26	−0.993%	$335K	$653K	10x	as long as short
BloFin MRVL-USDT	+0.0024%	8h	255.58	−0.869%	$366K	$186K	50x	as long as short
Lighter MRVL	+0.0032%	1h	255.49	−0.904%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	255.54	−0.884%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.37	−0.950%	$23K	$27K	5x	as long as short
Nado MRVL-PERP	+0.0045%	1h	255.52	−0.894%	$87K	$272K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.76	−0.799%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.41	−0.935%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.28	−0.985%	$101K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.49	−0.904%	$184	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.46	−0.915%	$542K	$850K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.41	−0.935%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.63	−0.849%	$506K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.44	−0.923%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	255.54	−0.884%	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	255.49	−0.903%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.90	−0.745%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERPlong	+0.0220%	1h	257.82	long leg	$11K	$853	12x
edgeX MRVLUSDC	+0.0755%	4h	255.53	−0.889%	$36K	$374K	10x	as long as short