Funding arb · Price arb /

MRVL

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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 0.000%

Price spread now: SoDEX against Ondo Perps−0.039%81s7-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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.039% cheaper against Ondo Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MRVL-USD.P	254.92	0.0050	pay 0.0006% / 1h	53m 12s	$564K	$763K	10x
Short	SoDEX MRVL-USD	254.82	0.0050	get 0.0006% / 1h	53m 12s	$173	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$0.08
Price spread: −0.039% → 0.000%: −$3.92
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$17.01
Costs to cover: 0.130%
Break-even: never at this rate

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

Ondo Perps and SoDEX: 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	−0.0714%	8h	255.05	+0.051%	$5.5M	$17.1M	20x	as long as short
BloFin MRVL-USDT	−0.0027%	8h	254.82	−0.039%	$364K	$182K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.94	+0.009%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.89	−0.011%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.97	+0.019%	$23.6M	$112.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.84	−0.031%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.90	−0.008%	$6.8M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.94	+0.008%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.15	+0.090%	$710K	$482K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.19	+0.106%	$403	$191K	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	254.90	−0.008%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.88	−0.016%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.95	+0.012%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.28	+0.141%	$594	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	253.60	−0.518%	$318K	$634K	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.92	0.000%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	254.90	−0.008%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.00	+0.031%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.18	+0.102%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.82	−0.039%	$14.0M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.72	−0.078%	$101K	$80K	10x	as long as short
SoDEX MRVL-USDshort	+0.0050%	1h	254.82	−0.039%	$173	$15K	10x
Ondo Perps MRVL-USD.Plong	+0.0050%	1h	254.92	long leg	$564K	$763K	10x
Paradex MRVL-USD-PERP	+0.0053%	8h	254.83	−0.034%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0087%	1h	254.84	−0.032%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.09	+0.067%	$505K	$65K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.31	+0.153%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.92	0.000%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.86	−0.023%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.02	+0.039%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.37	+1.353%	$11K	$828	12x	as long as short
edgeX MRVLUSDC	+0.0607%	4h	255.17	+0.098%	$36K	$373K	10x	as long as short