Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: SunX against Injective−1.158%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 SunX

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 SunX is 1.158% cheaper against Injective than usual: you would sell low and buy high (−$116 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	263.37	0.0220	pay 0.0028% / 1h	41m 01s	$11K	$676	12x
Short	SunX MRVL-USDT	260.32	0	get 0.0000% / 8h	6h 41m	$1K	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −1.158%Rate

Funding earned: −$46.2
Price spread: −1.158% → 0.000%: −$115.81
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$170.03
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	44.71 bp	doesn't fit	doesn't fit	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
BloFin MRVL-USDT	−0.0023%	8h	260.60	−1.052%	$378K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.25	−1.183%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.04	−1.264%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.18	−1.211%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.15	−1.223%	$5.6M	$8.7M	50x	as long as short
SunX MRVL-USDTshort	0.0000%	8h	260.32	−1.158%	$1K	$6.5M	10x
HTX MRVL-USDT	0.0000%	8h	260.01	−1.276%	$131K	$41K	50x	as long as short
GRVT MRVL_USDT_Perp	+0.0008%	8h	260.35	−1.148%	$1K	$196K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0008%	1h	260.67	−1.025%	$335K	$650K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0013%	1h	260.26	−1.180%	$884	$51K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0023%	1h	260.22	−1.196%	$1.1M	$3.9M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.21	−1.200%	$95K	$205K	10x	as long as short
Variational Omni MRVL	+0.0038%	8h	260.25	−1.185%	$722K	$655K	—	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.09	−1.245%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.52	−1.082%	—	$43K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.11	−1.238%	$14.7M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.21	−1.200%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.19	−1.207%	$78	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.12	−1.234%	$567K	$715K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.13	−1.231%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0084%	1h	260.06	−1.255%	$89K	$319K	10x	as long as short
Binance MRVLUSDT	+0.0093%	8h	260.12	−1.234%	$24.1M	$110.9M	50x	as long as short
Bitget MRVLUSDT	+0.0094%	8h	260.23	−1.192%	$5.6M	$16.3M	20x	as long as short
Extended MRVL-USD	+0.0096%	1h	260.20	−1.205%	$47K	$347K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.34	−1.150%	$514K	$64K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.14	−1.226%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.20	−1.204%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.19	−1.209%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0135%	1h	260.15	−1.223%	$23K	$143K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.69	−1.018%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERPlong	+0.0220%	1h	263.37	long leg	$11K	$676	12x
edgeX MRVLUSDC	+0.0485%	4h	260.29	−1.169%	$37K	$369K	10x	as long as short