Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.015%

Price spread now: Orderly against Ondo Perps−0.066%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.066% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MRVL-USD.P	255.73	0.0050	pay 0.0006% / 1h	37m 27s	$534K	$860K	10x
Short	Orderly PERP_MRVL_USDC_mythos	255.56	0.0100	get 0.0100% / 8h	37m 27s	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.066%Rate

Funding earned: $10.42
Price spread: −0.066% → 0.000%: −$6.65
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$7.23
Costs to cover: 0.110%
Break-even: 11.9 days

Slippage unknown: Ondo Perps: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Ondo Perps and Orderly: 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	−0.0537%	8h	255.68	−0.020%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.99	+0.102%	$336K	$654K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.64	−0.034%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.66	−0.027%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.61	−0.049%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.61	−0.047%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.55	−0.070%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.75	+0.008%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.83	+0.037%	$716K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.59	−0.054%	$391	$189K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	255.59	−0.055%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.51	−0.086%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.51	−0.086%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0013%	8h	255.56	−0.066%	$365K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.55	−0.072%	$734	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.63	−0.039%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.67	−0.023%	$89K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.42	−0.121%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.86	+0.051%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.49	−0.094%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.38	−0.137%	$99K	$86K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.56	−0.066%	$225	$15K	10x	as long as short
Ondo Perps MRVL-USD.Plong	+0.0050%	1h	255.73	long leg	$534K	$860K	10x
Paradex MRVL-USD-PERP	+0.0052%	8h	255.60	−0.050%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0062%	1h	255.62	−0.044%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.65	−0.031%	$505K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.74	+0.004%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	255.56	−0.066%	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	255.55	−0.070%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.57	−0.063%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.27	+0.993%	$11K	$825	12x	as long as short
edgeX MRVLUSDC	+0.0413%	4h	255.53	−0.077%	$36K	$374K	10x	as long as short