Funding you earn now, next payment 05:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h −0.048%
Price spread now: Aster against Phoenix+0.054%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Aster is 0.054% dearer against Phoenix than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 27 hours. The two prices were read 55 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 | 255.07 | 0.0157 | pay 0.0020% / 1h | 14m 29s | $11K | $12K | 10x |
| Short | Aster MRVLUSDT | 255.21 | 0 | get 0.0000% / 8h | 2h 14m | $301K | $341K | 50x |
Phoenix MRVL
Aster MRVLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$32.9
- Price spread: +0.054% → 0.000%
- $5.36
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$42.55
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Aster: live order book, 33 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 33 min ago | 3.51 bp | 18.9 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
Phoenix: 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 | −0.0913% | 8h | 255.46 | +0.153% | $5.6M | $16.9M | 20x | as long as short |
| Aster MRVLUSDTshort | 0.0000% | 8h | 255.21 | +0.054% | $301K | $341K | 50x | |
| Extended MRVL-USD | 0.0000% | 1h | 255.18 | +0.043% | $46K | $270K | 10x | as long as short |
| Binance MRVLUSDT | 0.0000% | 8h | 255.34 | +0.104% | $23.6M | $112.0M | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 255.21 | +0.055% | $5.0M | $4.0M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 255.44 | +0.145% | $6.8M | $23.6M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 255.26 | +0.074% | $5.2M | $8.6M | 50x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 254.80 | −0.105% | $707K | $487K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 254.75 | −0.125% | $548 | $191K | 10x | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 254.80 | −0.106% | $1K | $6.0M | 10x | as long as short |
Bitget MRVLUSDT
Extended MRVL-USD
Binance MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Variational Omni MRVL
GRVT MRVL_USDT_Perp
SunX MRVL-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 254.69 | −0.149% | $22K | $144K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 254.44 | −0.247% | $130K | $47K | 50x | as long as short |
| BloFin MRVL-USDT | +0.0013% | 8h | 254.79 | −0.110% | $363K | $180K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0017% | 1h | 254.57 | −0.197% | $591 | $48K | 10x | as long as short |
| QFEX MRVL-USD | +0.0030% | 1h | 255.33 | +0.102% | $1.1M | $3.5M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 255.17 | +0.039% | $88K | $202K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 254.67 | −0.157% | $23K | $27K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 255.47 | +0.157% | — | $51K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 255.32 | +0.098% | $14.0M | $8.8M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 255.26 | +0.074% | $101K | $80K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 254.87 | −0.078% | $158 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 255.13 | +0.024% | $561K | $751K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0053% | 8h | 255.20 | +0.053% | — | — | 5x | as long as short |
| Nado MRVL-PERP | +0.0088% | 1h | 255.14 | +0.027% | $87K | $272K | 10x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0096% | 1h | 253.60 | −0.576% | $318K | $634K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 255.15 | +0.031% | $504K | $64K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 254.96 | −0.043% | $4K | $139K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 254.81 | −0.102% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 254.78 | −0.113% | $18 | — | 10x | as long as short |
| Phoenix MRVLlong | +0.0157% | 1h | 255.07 | long leg | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 258.64 | +1.400% | $11K | $735 | 12x | as long as short |
| edgeX MRVLUSDC | +0.0904% | 4h | 255.07 | −0.001% | $36K | $375K | 10x | as long as short |
Deribit MRVL_USDC-PERPETUAL
HTX MRVL-USDT
BloFin MRVL-USDT
Aftermath Perps MRVLUSD
QFEX MRVL-USD
Lighter MRVL
Arcus MRVL-USD
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX 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
edgeX MRVLUSDC