Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: tradeXYZ against Ondo Perps+0.047%53s7-day average +0.007% · you sell dearer than you buy

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

Long on Ondo Perps Short on tradeXYZ

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.047%, 7d avg +0.007%

Together, before fees−0.061%+ Points / potential airdropOndo Perps: Active · tradeXYZ: Active · farm board−$6 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: tradeXYZ is 0.040% dearer against Ondo Perps than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 53 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	256.11	0.0050	pay 0.0006% / 1h	45m 41s	$562K	$750K	10x
Short	tradeXYZ xyz:MRVL	256.23	0.0050	get 0.0006% / 1h	45m 41s	$14.1M	$8.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$0.08
Price spread: +0.047% → +0.007%: $3.95
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$19.13
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago	0.78 bp	11.5 bp −$12	doesn't fit	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	−0.0545%	8h	256.31	+0.078%	$5.5M	$16.5M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.30	+0.072%	$302K	$340K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.16	+0.021%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.43	+0.126%	$23.6M	$110.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.30	+0.074%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.36	+0.098%	$6.8M	$23.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.23	+0.047%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.11	−0.002%	$710K	$497K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.64	+0.207%	$780	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.23	+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	256.06	−0.020%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.59	+0.187%	$129K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0017%	8h	256.05	−0.023%	$365K	$177K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	256.16	+0.021%	$595	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	256.20	+0.035%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.17	+0.023%	$89K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.15	+0.016%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.41	+0.117%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVLshort	+0.0050%	1h	256.23	+0.047%	$14.1M	$8.7M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	255.95	−0.062%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.08	−0.012%	$143	$15K	10x	as long as short
Ondo Perps MRVL-USD.Plong	+0.0050%	1h	256.11	long leg	$562K	$750K	10x
Paradex MRVL-USD-PERP	+0.0052%	8h	256.14	+0.011%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	254.95	−0.453%	$322K	$632K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.59	+0.187%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.13	+0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.07	−0.015%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0119%	8h	256.34	+0.090%	$506K	$62K	20x	as long as short
Nado MRVL-PERP	+0.0124%	1h	256.10	−0.004%	$87K	$272K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	256.70	+0.230%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+0.988%	$11K	$735	12x	as long as short
edgeX MRVLUSDC	+0.0882%	4h	256.49	+0.148%	$36K	$374K	10x	as long as short