Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0215%/8h= −23.6% APRpaid last 24h −0.048%

Price spread now: Gate against Phoenix+0.115%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Gate

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. Gate is 0.115% dearer against Phoenix than usual: you sell high and buy low (spread +0.115% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MRVL	260.27	0.0215	pay 0.0027% / 1h	31m 27s	$11K	$12K	10x
Short	Gate MRVL_USDT	260.57	0	get 0.0000% / 8h	5h 31m	$5.6M	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phoenix. 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 PhoenixbpFee GatebpOrdersPrice spread, now +0.115%Rate

Funding earned: −$45.25
Price spread: +0.115% → 0.000%: $11.53
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.72
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	1.34 bp	12.1 bp −$12	31.4 bp −$314	45.1 bp −$4,505	79.5 bp −$39.7K

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
BloFin MRVL-USDT	−0.0006%	8h	260.34	+0.027%	$377K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.44	+0.067%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.36	+0.035%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.56	+0.111%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDTshort	0.0000%	8h	260.57	+0.115%	$5.6M	$8.4M	50x
Bitget MRVLUSDT	0.0000%	8h	260.52	+0.096%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.39	+0.048%	$717K	$654K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.44	+0.065%	$841	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.45	+0.069%	$2K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.31	+0.015%	$23K	$143K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	260.58	+0.119%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.25	−0.007%	$884	$50K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.53	+0.100%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.44	+0.065%	$95K	$203K	10x	as long as short
Extended MRVL-USD	+0.0032%	1h	260.42	+0.056%	$51K	$353K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.165%	$334K	$630K	10x	as long as short
Binance MRVLUSDT	+0.0034%	8h	260.57	+0.115%	$24.2M	$107.9M	50x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.15	−0.046%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.83	+0.215%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.40	+0.050%	$14.5M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.47	+0.077%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.40	+0.050%	$156	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.08	−0.073%	$578K	$678K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.42	+0.058%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.55	+0.108%	$514K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.23	−0.015%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.50	+0.088%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.44	+0.066%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0121%	1h	260.40	+0.052%	$89K	$273K	10x	as long as short
Phoenix MRVLlong	+0.0215%	1h	260.27	long leg	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.199%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0317%	4h	260.37	+0.037%	$37K	$372K	10x	as long as short