Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.053%

Price spread now: Polymarket Perps against Orderly+0.023%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 Polymarket 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—needs both histories

The price spread pays, funding is against you. Polymarket Perps is 0.023% dearer against Orderly than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MRVL_USDC_mythos	261.34	0.0100	pay 0.0100% / 8h	7h 30m	$2K	$3K	10x
Short	Polymarket Perps MRVL-USD	261.40	0.0050	get 0.0006% / 1h	30m 22s	$105K	$86K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$10.5
Price spread: +0.023% → 0.000%: $2.3
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$22.2
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 41 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 Polymarket Perps live order book, 41 min ago	3.47 bp	8.3 bp −$8	11.0 bp −$110	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
Aster MRVLUSDT	0.0000%	8h	261.10	−0.092%	$314K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.30	−0.015%	$5.2M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.42	+0.031%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.33	−0.004%	$5.6M	$9.5M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.42	+0.031%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.41	+0.027%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.03	−0.119%	$132K	$51K	50x	as long as short
GRVT MRVL_USDT_Perp	+0.0007%	8h	260.63	−0.272%	$279	$206K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.94	−0.155%	$886	$52K	10x	as long as short
Variational Omni MRVL	+0.0015%	8h	261.26	−0.029%	$725K	$766K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.256%	$335K	$789K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.34	0.000%	$1.1M	$4.2M	10x	as long as short
BloFin MRVL-USDT	+0.0029%	8h	261.19	−0.057%	$376K	$170K	50x	as long as short
Lighter MRVL	+0.0032%	1h	261.35	+0.004%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.76	−0.222%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.72	+0.145%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.27	−0.027%	$14.7M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USDshort	+0.0050%	1h	261.40	+0.023%	$105K	$86K	10x
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.14	−0.077%	$570K	$941K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	261.29	−0.018%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0056%	1h	261.24	−0.036%	$88K	$317K	10x	as long as short
Binance MRVLUSDT	+0.0070%	8h	261.51	+0.064%	$24.2M	$114.7M	50x	as long as short
Extended MRVL-USD	+0.0072%	1h	261.46	+0.046%	$47K	$347K	10x	as long as short
SoDEX MRVL-USD	+0.0091%	1h	261.42	+0.031%	$110	$15K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.22	−0.046%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.61	−0.279%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythoslong	+0.0100%	8h	261.34	long leg	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	261.35	+0.005%	$18	—	10x	as long as short
Bitget MRVLUSDT	+0.0131%	8h	261.40	+0.023%	$5.6M	$16.5M	20x	as long as short
Phoenix MRVL	+0.0216%	1h	260.68	−0.253%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.77	+0.930%	$11K	$658	12x	as long as short
edgeX MRVLUSDC	+0.0705%	4h	260.73	−0.234%	$37K	$370K	10x	as long as short