Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.005%

Price spread now: Binance against Ondo Perps+0.106%7-day average +0.087% · you sell dearer than you buy

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)−0.315%−$31 · spread now +0.106%, 7d avg +0.087%

Together, before fees−0.397%+ Points / potential airdropOndo Perps: Active · farm board−$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.087%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MRVL-USD.P	255.76	0.0050	pay 0.0006% / 1h	23m 23s	$551K	$751K	10x
Short	Binance MRVLUSDT	256.03	0	get 0.0000% / 8h	3h 23m	$23.5M	$109.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.106%Rate

Funding earned: −$10.58
Price spread: +0.106% → +0.087%: $1.88
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.71
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 5 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	0.19 bp	8.2 bp −$8	16.1 bp −$161	51.7 bp −$5,173	doesn't fit

Ondo Perps: 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
Bitget MRVLUSDT	−0.0133%	8h	256.12	+0.141%	$5.4M	$16.3M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.18	+0.164%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.02	+0.101%	$49K	$346K	10x	as long as short
Binance MRVLUSDTshort	0.0000%	8h	256.03	+0.106%	$23.5M	$109.5M	50x
Bybit MRVLUSDT	0.0000%	8h	255.87	+0.043%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.98	+0.086%	$6.8M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.92	+0.063%	$5.4M	$8.2M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.46	+0.273%	$712K	$632K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.41	+0.255%	$603	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.16	+0.156%	$1K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	256.37	+0.239%	$129K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0013%	8h	256.35	+0.231%	$366K	$173K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	256.47	+0.276%	$699	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.96	+0.078%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.82	+0.023%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.22	+0.180%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.27	+0.199%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.76	0.000%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.80	+0.016%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.12	+0.141%	$159	$15K	10x	as long as short
Ondo Perps MRVL-USD.Plong	+0.0050%	1h	255.76	long leg	$551K	$751K	10x
Paradex MRVL-USD-PERP	+0.0050%	8h	255.74	−0.006%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0062%	1h	256.07	+0.121%	$22K	$144K	10x	as long as short
Nado MRVL-PERP	+0.0087%	1h	255.85	+0.035%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	256.28	+0.203%	$323K	$635K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.76	+0.391%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.28	+0.203%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.29	+0.209%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0107%	8h	256.22	+0.180%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	256.34	+0.227%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.303%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0754%	4h	256.90	+0.446%	$36K	$371K	10x	as long as short