Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.018%

Price spread now: Phoenix against KuCoin+0.038%108s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.038% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MRVLUSDTM	261.53	0.0100	pay 0.0100% / 8h	7h 01m	$518K	$67K	20x
Short	Phoenix MRVL	261.63	0.0216	get 0.0027% / 1h	1m 32s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against KuCoin. 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 KuCoinbpFee PhoenixbpOrdersPrice spread, now +0.038%Rate

Funding earned: $24.27
Price spread: +0.038% → 0.000%: $3.82
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $9.1
Costs to cover: 0.190%
Break-even: 4.4 days

Slippage unknown: KuCoin: live order book, 51 min ago; 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 KuCoin live order book, 51 min ago	4.99 bp	111.1 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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	−0.0030%	8h	261.29	−0.092%	$377K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.18	−0.134%	$314K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.16	−0.141%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.24	−0.111%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.38	−0.057%	$5.7M	$9.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.37	−0.061%	$1K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.27	−0.099%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.38	−0.057%	$132K	$45K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0012%	1h	261.32	−0.082%	$923	$51K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.329%	$335K	$720K	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	+0.0027%	1h	261.19	−0.130%	$1.1M	$4.1M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.28	−0.096%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.16	−0.141%	$26K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.86	+0.126%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.29	−0.092%	$14.8M	$8.2M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.40	−0.050%	$105K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.30	−0.088%	$89	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.43	−0.038%	$568K	$912K	10x	as long as short
Variational Omni MRVL	+0.0051%	8h	261.53	−0.001%	$725K	$764K	—	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	261.15	−0.147%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0054%	4h	261.31	−0.083%	$37K	$371K	10x	as long as short
Nado MRVL-PERP	+0.0090%	1h	261.32	−0.080%	$89K	$320K	10x	as long as short
KuCoin MRVLUSDTMlong	+0.0100%	8h	261.53	long leg	$518K	$67K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	261.22	−0.119%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.39	−0.054%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.34	−0.073%	$18	—	10x	as long as short
Extended MRVL-USD	+0.0112%	1h	261.18	−0.133%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	+0.0115%	8h	261.17	−0.136%	$24.3M	$114.4M	50x	as long as short
Phoenix MRVLshort	+0.0216%	1h	261.63	+0.038%	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	264.15	+1.002%	$11K	$661	12x	as long as short
GRVT MRVL_USDT_Perp	+0.0231%	8h	261.50	−0.013%	$1K	$198K	10x	as long as short
Bitget MRVLUSDT	+0.0259%	8h	261.32	−0.080%	$5.6M	$16.5M	20x	as long as short