Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against OKX−0.547%90s7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$930.933% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 3 days (all we have)+0.507%+$51 · spread now −0.547%, 7d avg +0.007%

Together, before fees+0.677%+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.554% cheaper against OKX than usual: you would sell low and buy high (spread −0.547% now, against its 7-day average of +0.007%). If the spread goes back, that is −$55 on $10k: about 18 days of funding at the current rate (+$3 a day). The two prices were read 90 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	OKX MRVL-USDT-SWAP	261.57	0	get 0.0000% / 8h	7h 50m	$7.1M	$22.6M	50x
Short	ApeX Omni MRVLUSDT	260.14	0.0100	get 0.0013% / 1h	50m 01s	$4K	$142K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.547%Rate

Funding earned: $21
Price spread: −0.547% → +0.007%: −$55.38
Slippage, 4 orders: −$73.35
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$127.73
Costs to cover: 0.933%
Break-even: 49.6 days

Slippage from OKX: live order book, 4 min ago; ApeX Omni: live order book, 21 min ago.

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 OKX live order book, 4 min ago	0.19 bp	9.0 bp −$9	17.3 bp −$173	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 21 min ago	27.20 bp	38.4 bp −$38	201.1 bp −$2,011	doesn't fit	doesn't fit

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
Aster MRVLUSDT	0.0000%	8h	261.09	−0.183%	$315K	$327K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.54	−0.011%	$5.2M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAPlong	0.0000%	8h	261.57	long leg	$7.1M	$22.6M	50x
Gate MRVL_USDT	0.0000%	8h	261.33	−0.092%	$5.7M	$9.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	261.49	−0.031%	$5.6M	$16.5M	20x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.26	−0.500%	$297	$221K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.10	−0.180%	$1K	$6.8M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.28	−0.111%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.91	−0.252%	$132K	$51K	50x	as long as short
Variational Omni MRVL	+0.0005%	8h	261.21	−0.136%	$724K	$767K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0015%	1h	260.21	−0.521%	$952	$53K	10x	as long as short
BloFin MRVL-USDT	+0.0024%	8h	261.09	−0.184%	$375K	$170K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	258.35	−1.231%	$319K	$764K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.28	−0.111%	$1.1M	$4.3M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.39	−0.069%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.26	−0.501%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.50	−0.027%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.35	−0.084%	$14.7M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.30	−0.103%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.94	−0.241%	$580K	$945K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0057%	8h	260.84	−0.279%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0063%	1h	261.12	−0.173%	$88K	$316K	10x	as long as short
Binance MRVLUSDT	+0.0063%	8h	261.64	+0.026%	$24.3M	$114.9M	50x	as long as short
Extended MRVL-USD	+0.0064%	1h	261.57	−0.001%	$47K	$226K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.43	−0.054%	$518K	$69K	20x	as long as short
ApeX Omni MRVLUSDTshort	+0.0100%	1h	260.14	−0.547%	$4K	$142K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.33	−0.092%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.08	−0.187%	$18	—	10x	as long as short
Phoenix MRVL	+0.0216%	1h	260.21	−0.520%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.96	+0.531%	$11K	$638	12x	as long as short
SoDEX MRVL-USD	+0.0485%	1h	261.07	−0.191%	$151	$14K	10x	as long as short
edgeX MRVLUSDC	+0.0578%	4h	260.22	−0.514%	$37K	$369K	10x	as long as short