Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h −0.018%
Price spread now: Phoenix against Injective−1.136%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 1.136% cheaper against Injective than usual: you would sell low and buy high, −$114 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MRVL/USDC PERP | 264.01 | 0.0220 | pay 0.0028% / 1h | 36m 12s | $11K | $644 | 12x |
| Short | Phoenix MRVL | 261.01 | 0.0216 | get 0.0027% / 1h | 36m 12s | $11K | $12K | 10x |
Injective MRVL/USDC PERP
Phoenix MRVLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.93
- Price spread: −1.136% → 0.000%
- −$113.63
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$121.58
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Phoenix: 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 Phoenix no order-book sample | — | — | — | — | — |
Injective and Phoenix: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRVL-USDT | −0.0023% | 8h | 261.16 | −1.080% | $376K | $170K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 260.82 | −1.209% | $315K | $328K | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 260.90 | −1.178% | $5.1M | $4.0M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 260.91 | −1.174% | $7.1M | $22.7M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 260.96 | −1.155% | $5.6M | $9.5M | 50x | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 261.24 | −1.050% | $280 | $206K | 10x | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 260.78 | −1.223% | $1K | $6.7M | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 260.87 | −1.189% | $23K | $143K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 260.91 | −1.174% | $132K | $51K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0014% | 1h | 261.01 | −1.135% | $946 | $52K | 10x | as long as short |
BloFin MRVL-USDT
Aster MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
GRVT MRVL_USDT_Perp
SunX MRVL-USDT
Deribit MRVL_USDC-PERPETUAL
HTX MRVL-USDT
Aftermath Perps MRVLUSDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MRVL | +0.0017% | 8h | 260.90 | −1.176% | $724K | $764K | — | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0024% | 1h | 260.67 | −1.265% | $335K | $790K | 10x | as long as short |
| QFEX MRVL-USD | +0.0027% | 1h | 260.96 | −1.155% | $1.1M | $4.3M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 261.03 | −1.129% | $96K | $209K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 260.86 | −1.193% | $26K | $28K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 261.35 | −1.008% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 260.83 | −1.204% | $14.7M | $8.9M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 260.96 | −1.155% | $105K | $86K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 260.82 | −1.208% | $571K | $952K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0055% | 8h | 260.97 | −1.152% | — | — | 5x | as long as short |
| Nado MRVL-PERP | +0.0060% | 1h | 260.99 | −1.142% | $88K | $316K | 10x | as long as short |
| Binance MRVLUSDT | +0.0070% | 8h | 261.01 | −1.138% | $24.2M | $114.8M | 50x | as long as short |
| Extended MRVL-USD | +0.0072% | 1h | 260.88 | −1.187% | $48K | $319K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 261.05 | −1.121% | $517K | $67K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 260.91 | −1.174% | $4K | $142K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 260.95 | −1.159% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 260.91 | −1.175% | $18 | — | 10x | as long as short |
| Bitget MRVLUSDT | +0.0118% | 8h | 260.96 | −1.155% | $5.6M | $16.5M | 20x | as long as short |
| SoDEX MRVL-USD | +0.0156% | 1h | 260.89 | −1.182% | $110 | $15K | 10x | as long as short |
| Phoenix MRVLshort | +0.0216% | 1h | 261.01 | −1.136% | $11K | $12K | 10x | |
| Injective MRVL/USDC PERPlong | +0.0220% | 1h | 264.01 | long leg | $11K | $644 | 12x | |
| edgeX MRVLUSDC | +0.0429% | 4h | 261.17 | −1.074% | $37K | $369K | 10x | as long as short |
Variational Omni MRVL
Coinbase International MRVL-PERP-INTX
QFEX MRVL-USD
Lighter MRVL
Arcus MRVL-USD
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
Nado MRVL-PERP
Binance MRVLUSDT
Extended MRVL-USD
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Bitget MRVLUSDT
SoDEX MRVL-USD
edgeX MRVLUSDC