Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.029%

Price spread now: Bybit against Ondo Perps+0.019%7-day average +0.034% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.019%, 7d avg +0.034%

Together, before fees−0.070%+ Points / potential airdropOndo Perps: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, 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	259.23	0.0050	pay 0.0006% / 1h	23m 41s	$587K	$932K	10x
Short	Bybit MRVLUSDT	259.28	0	get 0.0000% / 8h	23m 41s	$5.1M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Ondo Perps. 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 Ondo PerpsbpFee BybitbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$10.58
Price spread: +0.019% → +0.034%: −$1.51
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.09
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.35 bp	11.8 bp −$12	25.0 bp −$250	doesn't fit	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
Aster MRVLUSDT	0.0000%	8h	259.18	−0.020%	$313K	$328K	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	259.28	+0.019%	$5.1M	$4.1M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	259.32	+0.035%	$7.1M	$22.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.33	+0.039%	$5.7M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.38	+0.058%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.30	+0.025%	$722K	$764K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.37	+0.054%	$1K	$6.8M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.34	+0.042%	$131K	$59K	50x	as long as short
BloFin MRVL-USDT	+0.0006%	8h	259.31	+0.031%	$376K	$170K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	259.29	+0.025%	$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
Extended MRVL-USD	+0.0024%	1h	259.29	+0.022%	$49K	$206K	10x	as long as short
Binance MRVLUSDT	+0.0028%	8h	259.29	+0.023%	$24.3M	$114.6M	50x	as long as short
Lighter MRVL	+0.0032%	1h	259.42	+0.073%	$96K	$213K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.31	+0.031%	$1.1M	$4.3M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.06	−0.066%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.74	+0.197%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.25	+0.008%	$14.6M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.40	+0.066%	$108K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.33	+0.039%	$176	$14K	10x	as long as short
Ondo Perps MRVL-USD.Plong	+0.0050%	1h	259.23	long leg	$587K	$932K	10x
GRVT MRVL_USDT_Perp	+0.0055%	8h	259.31	+0.030%	$708	$226K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0059%	1h	259.33	+0.039%	$22K	$143K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0063%	8h	259.29	+0.022%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.339%	$319K	$767K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.23	0.000%	$514K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.18	−0.019%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.35	+0.046%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.34	+0.043%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0162%	1h	259.27	+0.017%	$88K	$316K	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.34	+0.042%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+1.011%	$11K	$629	12x	as long as short
edgeX MRVLUSDC	+0.0707%	4h	259.38	+0.056%	$36K	$368K	10x	as long as short