Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.016%

Price spread now: Extended against Orderly−0.048%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Extended

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 airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.048% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MRVL_USDC_mythos	256.57	0.0100	pay 0.0100% / 8h	3h 25m	$2K	$3K	10x
Short	Extended MRVL-USD	256.45	0	get 0.0000% / 1h	25m 45s	$46K	$343K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Orderly. 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 OrderlybpFee ExtendedbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$21
Price spread: −0.048% → 0.000%: −$4.8
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$36.8
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 27 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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 27 min ago	0.97 bp	7.0 bp −$7	32.6 bp −$326	doesn't fit	doesn't fit

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	−0.0061%	8h	256.46	−0.043%	$5.4M	$16.3M	20x	as long as short
BloFin MRVL-USDT	−0.0015%	8h	256.82	+0.097%	$369K	$173K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.61	+0.016%	$301K	$338K	50x	as long as short
Extended MRVL-USDshort	0.0000%	1h	256.45	−0.048%	$46K	$343K	10x
Binance MRVLUSDT	0.0000%	8h	256.47	−0.039%	$23.6M	$109.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.31	−0.101%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.37	−0.078%	$6.8M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.51	−0.023%	$5.4M	$8.2M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.46	−0.044%	$712K	$632K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.16	+0.231%	$612	$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	256.50	−0.027%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.41	−0.062%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.10	+0.207%	$130K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	256.82	+0.097%	$659	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.46	−0.043%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.33	−0.094%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.71	+0.055%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.93	+0.140%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.25	−0.125%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.31	−0.101%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.50	−0.027%	$164	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.11	+0.210%	$551K	$755K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0050%	8h	256.36	−0.084%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0086%	1h	256.42	−0.057%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	256.28	−0.113%	$323K	$635K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.08	+0.199%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythoslong	+0.0100%	8h	256.57	long leg	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	256.52	−0.018%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0112%	8h	256.71	+0.055%	$508K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	257.24	+0.261%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+1.980%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0879%	4h	257.09	+0.203%	$36K	$371K	10x	as long as short