Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against Orderly+0.208%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Ondo Perps

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

The price spread pays, funding is against you. Ondo Perps is 0.208% dearer against Orderly than usual: you sell high and buy low (spread +0.208% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MRVL_USDC_mythos	254.59	0.0100	pay 0.0100% / 8h	1h 46m	$2K	$3K	10x
Short	Ondo Perps MRVL-USD.P	255.12	0.0050	get 0.0006% / 1h	46m 51s	$554K	$775K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.208%Rate

Funding earned: −$10.42
Price spread: +0.208% → 0.000%: $20.82
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$0.6
Costs to cover: 0.110%
Break-even: from the start

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

Orderly and 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	−0.0732%	8h	254.67	+0.031%	$5.5M	$17.1M	20x	as long as short
BloFin MRVL-USDT	−0.0017%	8h	254.56	−0.012%	$367K	$183K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.66	+0.027%	$300K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.50	−0.037%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.57	−0.008%	$23.5M	$113.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.51	−0.031%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.56	−0.012%	$6.7M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.52	−0.027%	$5.1M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.13	+0.213%	$709K	$481K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.17	+0.228%	$628	$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	254.70	+0.043%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.52	−0.027%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.73	+0.055%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	254.98	+0.153%	$594	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	254.72	+0.051%	$324K	$642K	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.62	+0.012%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	254.68	+0.035%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.75	+0.063%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.89	+0.118%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.48	−0.043%	$14.0M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.40	−0.075%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.66	+0.027%	$153	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	255.12	+0.208%	$554K	$775K	10x
Paradex MRVL-USD-PERP	+0.0052%	8h	254.55	−0.014%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0080%	1h	255.00	+0.161%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.73	+0.055%	$504K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.01	+0.165%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythoslong	+0.0100%	8h	254.59	long leg	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	254.59	+0.002%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.01	+0.165%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+1.269%	$11K	$845	12x	as long as short
edgeX MRVLUSDC	+0.0257%	4h	255.16	+0.223%	$36K	$374K	10x	as long as short