Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%

Price spread now: tradeXYZ against OKX−0.054%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.054%, 7d avg −0.081%

Together, before fees+0.084%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.027% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRVL-USDT-SWAP	260.44	0	get 0.0000% / 8h	5h 50m	$7.0M	$22.1M	50x
Short	tradeXYZ xyz:MRVL	260.30	0.0050	get 0.0006% / 1h	50m 58s	$14.6M	$8.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.054%Rate

Funding earned: $10.5
Price spread: −0.054% → −0.081%: $2.68
Slippage, 4 orders: −$12.09
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$26.91
Costs to cover: 0.401%
Break-even: 24.9 days

Slippage from OKX: live order book, 3 min ago; tradeXYZ: live order book, 8 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, 3 min ago	0.19 bp	9.5 bp −$10	17.6 bp −$176	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.96 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit

MRVL on 31 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	260.38	−0.022%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.39	−0.019%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAPlong	0.0000%	8h	260.44	long leg	$7.0M	$22.1M	50x
Gate MRVL_USDT	0.0000%	8h	260.52	+0.031%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.47	+0.012%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.51	+0.028%	$717K	$654K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.65	+0.082%	$467	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.62	+0.069%	$2K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.63	+0.073%	$132K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.45	+0.004%	$935	$50K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0026%	1h	260.46	+0.008%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.45	+0.004%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−0.104%	$335K	$631K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.39	−0.019%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0045%	8h	260.45	+0.004%	$24.2M	$108.0M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.86	+0.161%	—	$45K	25x	as long as short
Extended MRVL-USD	+0.0048%	1h	260.38	−0.023%	$51K	$353K	10x	as long as short
tradeXYZ xyz:MRVLshort	+0.0050%	1h	260.30	−0.054%	$14.6M	$8.4M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	260.43	−0.004%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.50	+0.023%	$141	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.43	−0.004%	$575K	$676K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.56	+0.045%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.66	+0.084%	$514K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.49	+0.019%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.52	+0.031%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.48	+0.014%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0164%	1h	260.32	−0.046%	$89K	$273K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0173%	1h	260.39	−0.019%	$23K	$143K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.69	+0.096%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+0.991%	$11K	$680	12x	as long as short
edgeX MRVLUSDC	+0.0421%	4h	260.63	+0.074%	$37K	$370K	10x	as long as short