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 −0.015%

Price spread now: SoDEX against Orderly−0.034%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 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—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.034% cheaper against Orderly than usual: you would sell low and buy high (−$3 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	261.39	0.0100	pay 0.0100% / 8h	7h 02m	$2K	$3K	10x
Short	SoDEX MRVL-USD	261.30	0.0050	get 0.0006% / 1h	2m 01s	$89	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$10.5
Price spread: −0.034% → 0.000%: −$3.44
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$27.94
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: 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 Orderly no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Orderly 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
BloFin MRVL-USDT	−0.0030%	8h	261.29	−0.038%	$377K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.17	−0.083%	$314K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.28	−0.042%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.37	−0.008%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.33	−0.023%	$5.7M	$9.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.37	−0.008%	$1K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.27	−0.046%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.38	−0.004%	$132K	$45K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0012%	1h	261.32	−0.028%	$923	$51K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.275%	$335K	$720K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0027%	1h	261.35	−0.015%	$1.1M	$4.1M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.39	0.000%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.17	−0.084%	$26K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.86	+0.180%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.26	−0.050%	$14.8M	$8.2M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.40	+0.004%	$105K	$81K	10x	as long as short
SoDEX MRVL-USDshort	+0.0050%	1h	261.30	−0.034%	$89	$15K	10x
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.43	+0.015%	$569K	$912K	10x	as long as short
Variational Omni MRVL	+0.0051%	8h	261.53	+0.052%	$725K	$764K	—	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	261.31	−0.030%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0090%	1h	261.32	−0.027%	$89K	$320K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.55	+0.061%	$518K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.23	−0.061%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythoslong	+0.0100%	8h	261.39	long leg	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	261.34	−0.020%	$18	—	10x	as long as short
Extended MRVL-USD	+0.0112%	1h	261.32	−0.025%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	+0.0114%	8h	261.37	−0.008%	$24.3M	$114.4M	50x	as long as short
Phoenix MRVL	+0.0216%	1h	261.63	+0.092%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	264.15	+1.056%	$11K	$661	12x	as long as short
GRVT MRVL_USDT_Perp	+0.0231%	8h	261.50	+0.040%	$1K	$198K	10x	as long as short
Bitget MRVLUSDT	+0.0260%	8h	261.34	−0.019%	$5.6M	$16.5M	20x	as long as short
edgeX MRVLUSDC	+0.0725%	4h	261.55	+0.060%	$37K	$370K	10x	as long as short