Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0895%/8h= +98.0% APRpaid last 24h −0.111%

Price spread now: edgeX against Ondo Perps+0.073%7-day average +0.066% · you sell dearer than you buy

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now +0.073%, 7d avg +0.066%

Together, before fees+0.076%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.066%, so right now this pair is about funding alone: +$27 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% 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	Ondo Perps MRVL-USD.P	259.20	0.0050	pay 0.0006% / 1h	17m 18s	$587K	$932K	10x
Short	edgeX MRVLUSDC	259.39	0.0945	get 0.0473% / 4h	17m 18s	$36K	$370K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.073%Rate

Funding earned: $187.89
Price spread: +0.073% → +0.066%: $0.69
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $174.58
Costs to cover: 0.140%
Break-even: 0.5 days

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 61 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 edgeX live order book, 61 min ago	5.42 bp	10.3 bp −$10	14.9 bp −$149	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	−0.009%	$313K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.31	+0.042%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.32	+0.046%	$7.1M	$22.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.34	+0.054%	$5.7M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.39	+0.073%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.33	+0.050%	$722K	$764K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.37	+0.066%	$1K	$6.8M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.62	+0.162%	$131K	$59K	50x	as long as short
BloFin MRVL-USDT	+0.0014%	8h	259.36	+0.062%	$375K	$170K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	259.34	+0.056%	$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	259.45	+0.096%	$96K	$213K	10x	as long as short
Binance MRVLUSDT	+0.0037%	8h	259.37	+0.066%	$24.3M	$114.7M	50x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.40	+0.077%	$1.1M	$4.3M	10x	as long as short
Extended MRVL-USD	+0.0040%	1h	259.32	+0.047%	$49K	$206K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.11	−0.035%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.65	+0.174%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.27	+0.027%	$14.6M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.34	+0.054%	$108K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.32	+0.046%	$171	$14K	10x	as long as short
Ondo Perps MRVL-USD.Plong	+0.0050%	1h	259.20	long leg	$587K	$932K	10x
GRVT MRVL_USDT_Perp	+0.0059%	8h	259.44	+0.093%	$700	$224K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0062%	8h	259.32	+0.044%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.328%	$319K	$767K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.23	+0.012%	$514K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.19	−0.004%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.37	+0.066%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.36	+0.060%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0157%	1h	259.27	+0.029%	$88K	$316K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0174%	1h	259.36	+0.062%	$22K	$143K	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.48	+0.108%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+1.022%	$11K	$629	12x	as long as short
edgeX MRVLUSDCshort	+0.0945%	4h	259.39	+0.073%	$36K	$370K	10x