Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: Polymarket Perps against Ondo Perps−0.023%7-day average +0.147% · you buy dearer than you sell

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

Long on Ondo Perps Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.373%+$37 on $10k

Price spread, last 4 days (all we have)+0.165%+$16 · spread now −0.023%, 7d avg +0.147%

Together, before fees+0.537%+ Points / potential airdropOndo Perps: Active · farm board+$54 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.171% cheaper against Ondo Perps than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MRVL-USD.P	255.46	0.0050	pay 0.0006% / 1h	1h 00m	$541K	$850K	10x
Short	Polymarket Perps MRVL-USD	255.40	0.0050	get 0.0006% / 1h	1h 00m	$100K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$0.08
Price spread: −0.023% → +0.147%: −$17.08
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$30.16
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Polymarket Perps: live order book, 42 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 Polymarket Perps live order book, 42 min ago	2.75 bp	8.0 bp −$8	9.2 bp −$92	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
Bitget MRVLUSDT	−0.0630%	8h	255.48	+0.008%	$5.6M	$17.1M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.49	+0.010%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.46	−0.002%	$46K	$283K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.49	+0.014%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.56	+0.039%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.45	−0.004%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.68	+0.086%	$5.2M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.52	+0.024%	$711K	$466K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.60	+0.057%	$780	$190K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.58	+0.047%	$2K	$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
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.64	+0.070%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.53	+0.027%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0008%	8h	255.56	+0.039%	$366K	$186K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.53	+0.026%	$594	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	255.26	−0.078%	$335K	$653K	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.66	+0.078%	$89K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	255.63	+0.067%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.34	−0.047%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.84	+0.149%	—	$51K	25x	as long as short
Nado MRVL-PERP	+0.0047%	1h	255.47	+0.004%	$87K	$272K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.49	+0.012%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USDshort	+0.0050%	1h	255.40	−0.023%	$100K	$83K	10x
SoDEX MRVL-USD	+0.0050%	1h	255.62	+0.063%	$204	$15K	10x	as long as short
Ondo Perps MRVL-USD.Plong	+0.0050%	1h	255.46	long leg	$541K	$850K	10x
Paradex MRVL-USD-PERP	+0.0051%	8h	255.58	+0.049%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.71	+0.098%	$506K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.44	−0.008%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.69	+0.090%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.64	+0.072%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.63	+0.067%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0175%	4h	255.53	+0.027%	$36K	$375K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+0.924%	$11K	$853	12x	as long as short