Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0374%/8h= +41.0% APRpaid last 24h −0.111%

Price spread now: edgeX against OKX−0.033%101s7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as 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−$380.380% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 3 days (all we have)+0.091%+$9 · spread now −0.033%, 7d avg +0.015%

Together, before fees+0.224%+ Points / potential airdropedgeX: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.048% cheaper against OKX than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.015%). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.133% in total) that is about 2.5 days. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.133% in total (about 6.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRVL-USDT-SWAP	259.39	0	get 0.0000% / 8h	17m 57s	$7.1M	$22.6M	50x
Short	edgeX MRVLUSDC	259.30	0.0374	get 0.0187% / 4h	17m 57s	$36K	$369K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $78.59
Price spread: −0.033% → +0.015%: −$4.81
Slippage, 4 orders: −$19.03
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $35.76
Costs to cover: 0.380%
Break-even: 3.8 days

Slippage from OKX: live order book, 1 min ago; edgeX: live order book, 60 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, 1 min ago	0.19 bp	7.4 bp −$7	13.5 bp −$135	doesn't fit	doesn't fit
Sell edgeX live order book, 60 min ago	5.42 bp	10.3 bp −$10	14.9 bp −$149	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	259.19	−0.079%	$313K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.35	−0.015%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAPlong	0.0000%	8h	259.39	long leg	$7.1M	$22.6M	50x
Gate MRVL_USDT	0.0000%	8h	259.38	−0.004%	$5.7M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.44	+0.019%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.33	−0.023%	$722K	$764K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.36	−0.012%	$1K	$6.8M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.62	+0.089%	$131K	$59K	50x	as long as short
BloFin MRVL-USDT	+0.0014%	8h	259.36	−0.012%	$375K	$170K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	259.31	−0.032%	$881	$53K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MRVL	+0.0032%	1h	259.46	+0.027%	$96K	$213K	10x	as long as short
Extended MRVL-USD	+0.0032%	1h	259.38	−0.004%	$49K	$206K	10x	as long as short
Binance MRVLUSDT	+0.0036%	8h	259.43	+0.015%	$24.3M	$114.7M	50x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.39	0.000%	$1.1M	$4.3M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.15	−0.093%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.65	+0.100%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.30	−0.035%	$14.6M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.40	+0.004%	$108K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.41	+0.008%	$161	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.20	−0.073%	$587K	$932K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0056%	8h	259.37	−0.007%	$700	$224K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0062%	8h	259.35	−0.016%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.401%	$319K	$767K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.24	−0.058%	$514K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.18	−0.081%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.41	+0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.40	+0.003%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0156%	1h	259.30	−0.035%	$88K	$316K	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.48	+0.035%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+0.948%	$11K	$629	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0251%	1h	259.40	+0.004%	$22K	$143K	10x	as long as short
edgeX MRVLUSDCshort	+0.0374%	4h	259.30	−0.033%	$36K	$369K	10x