Funding you earn now, next payment 08:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.040%
Price spread now: Binance against Phoenix−0.207%7-day average — · you buy dearer than you sell
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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.207% cheaper against Phoenix than usual: you would sell low and buy high (−$21 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 | Phoenix MRVL | 253.53 | 0.0188 | pay 0.0023% / 1h | 38m 53s | $11K | $12K | 10x |
| Short | Binance MRVLUSDT | 253.01 | 0 | get 0.0000% / 8h | 7h 38m | $23.3M | $115.4M | 50x |
Phoenix MRVL
Binance MRVLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$39.46
- Price spread: −0.207% → 0.000%
- −$20.69
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$77.15
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 4 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 Binance live order book, 4 min ago | 0.20 bp | 6.9 bp −$7 | 13.8 bp −$138 | 57.5 bp −$5,749 | 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 | −0.0422% | 8h | 252.94 | −0.233% | $5.5M | $17.6M | 20x | as long as short |
| BloFin MRVL-USDT | −0.0018% | 8h | 252.85 | −0.268% | $364K | $192K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 253.08 | −0.179% | $298K | $341K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 252.97 | −0.220% | $47K | $300K | 10x | as long as short |
| Binance MRVLUSDTshort | 0.0000% | 8h | 253.01 | −0.207% | $23.3M | $115.4M | 50x | |
| Bybit MRVLUSDT | 0.0000% | 8h | 252.84 | −0.272% | $4.9M | $4.1M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 252.85 | −0.268% | $6.7M | $24.2M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 252.98 | −0.217% | $5.0M | $8.5M | 50x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 253.40 | −0.052% | $708K | $457K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 253.46 | −0.027% | $330 | $185K | 10x | as long as short |
Bitget MRVLUSDT
BloFin MRVL-USDT
Aster MRVLUSDT
Extended MRVL-USD
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 | 253.50 | −0.012% | $2K | $5.7M | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 252.82 | −0.280% | $22K | $145K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 253.80 | +0.106% | $131K | $48K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0018% | 1h | 253.53 | −0.001% | $1K | $46K | 10x | as long as short |
| QFEX MRVL-USD | +0.0022% | 1h | 253.40 | −0.051% | $1.1M | $3.5M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 252.88 | −0.256% | $88K | $164K | 10x | as long as short |
| Nado MRVL-PERP | +0.0035% | 1h | 253.41 | −0.046% | $86K | $272K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 253.32 | −0.083% | $23K | $26K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 253.54 | +0.004% | — | $51K | 25x | as long as short |
| Paradex MRVL-USD-PERP | +0.0049% | 8h | 253.38 | −0.061% | — | — | 5x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 252.82 | −0.280% | $13.9M | $9.1M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 253.31 | −0.087% | $99K | $76K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 252.90 | −0.248% | $96 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 253.18 | −0.138% | $538K | $834K | 10x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0072% | 1h | 253.32 | −0.083% | $323K | $662K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 252.94 | −0.233% | $500K | $106K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 253.43 | −0.039% | $4K | $144K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 253.25 | −0.110% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 253.15 | −0.148% | $18 | — | 10x | as long as short |
| Phoenix MRVLlong | +0.0188% | 1h | 253.53 | long leg | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 256.63 | +1.223% | $11K | $845 | 12x | as long as short |
| edgeX MRVLUSDC | +0.0362% | 4h | 253.47 | −0.022% | $36K | $373K | 10x | as long as short |
SunX MRVL-USDT
Deribit MRVL_USDC-PERPETUAL
HTX MRVL-USDT
Aftermath Perps MRVLUSD
QFEX MRVL-USD
Lighter MRVL
Nado MRVL-PERP
Arcus MRVL-USD
Vest MRVL-USD-PERP
Paradex MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Coinbase International MRVL-PERP-INTX
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Injective MRVL/USDC PERP
edgeX MRVLUSDC