Funding you earn now, next payment 08:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.18 per $10,000 · paid last 24h −0.012%
Price spread now: Arcus against Phoenix−0.071%109s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$4 a day on $10k at the current rate, and Arcus is 0.071% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 109 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 | Phoenix MRVL | 254.36 | 0.0188 | pay 0.0023% / 1h | 59m 39s | $11K | $12K | 10x |
| Short | Arcus MRVL-USD | 254.18 | 0.0040 | get 0.0005% / 1h | 59m 39s | $22K | $27K | 5x |
Phoenix MRVL
Arcus MRVL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31
- Price spread: −0.071% → 0.000%
- −$7.08
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$49.58
- Costs to cover
- 0.115%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Arcus: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Arcus no order-book sample | — | — | — | — | — |
Phoenix and Arcus: 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 | −0.0227% | 8h | 254.56 | +0.079% | $5.4M | $18.2M | 20x | as long as short |
| BloFin MRVL-USDT | −0.0026% | 8h | 254.40 | +0.016% | $367K | $201K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 254.39 | +0.012% | $300K | $337K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 254.48 | +0.046% | $46K | $298K | 10x | as long as short |
| Binance MRVLUSDT | 0.0000% | 8h | 254.51 | +0.059% | $23.3M | $118.5M | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 254.36 | 0.000% | $5.0M | $4.2M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 254.47 | +0.043% | $6.9M | $25.2M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 254.61 | +0.098% | $4.9M | $8.7M | 50x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 254.30 | −0.022% | $711K | $460K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 254.50 | +0.056% | $422 | $182K | 10x | as long as short |
Bitget MRVLUSDT
BloFin MRVL-USDT
Aster MRVLUSDT
Extended MRVL-USD
Binance MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Variational Omni MRVL
GRVT MRVL_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MRVL-USDT | 0.0000% | 8h | 254.43 | +0.028% | $2K | $5.6M | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 254.46 | +0.039% | $22K | $145K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 254.24 | −0.047% | $131K | $48K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0021% | 1h | 254.20 | −0.063% | $1K | $45K | 10x | as long as short |
| QFEX MRVL-USD | +0.0022% | 1h | 254.46 | +0.039% | $1.1M | $3.5M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 254.48 | +0.047% | $88K | $164K | 10x | as long as short |
| Arcus MRVL-USDshort | +0.0040% | 1h | 254.18 | −0.071% | $22K | $27K | 5x | |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 254.60 | +0.094% | — | $51K | 25x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 254.52 | +0.063% | $99K | $76K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 254.24 | −0.047% | $541K | $860K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0052% | 8h | 254.46 | +0.040% | — | — | 5x | as long as short |
| Nado MRVL-PERP | +0.0068% | 1h | 254.31 | −0.020% | $87K | $276K | 10x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0072% | 1h | 254.59 | +0.090% | $326K | $620K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 254.38 | +0.008% | $502K | $155K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 254.18 | −0.071% | $4K | $143K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 254.52 | +0.063% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 254.46 | +0.038% | $18 | — | 10x | as long as short |
| Phoenix MRVLlong | +0.0188% | 1h | 254.36 | long leg | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 256.63 | +0.892% | $11K | $845 | 12x | as long as short |
| SoDEX MRVL-USD | +0.0284% | 1h | 254.50 | +0.055% | $143 | $15K | 10x | as long as short |
| tradeXYZ xyz:MRVL | +0.0333% | 1h | 254.16 | −0.079% | $13.9M | $9.4M | 10x | as long as short |
| edgeX MRVLUSDC | +0.0917% | 4h | 254.41 | +0.020% | $36K | $375K | 10x | as long as short |
SunX MRVL-USDT
Deribit MRVL_USDC-PERPETUAL
HTX MRVL-USDT
Aftermath Perps MRVLUSD
QFEX MRVL-USD
Lighter MRVL
Vest MRVL-USD-PERP
Polymarket Perps MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
Nado MRVL-PERP
Coinbase International MRVL-PERP-INTX
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Injective MRVL/USDC PERP
SoDEX MRVL-USD
tradeXYZ xyz:MRVL
edgeX MRVLUSDC