Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h −0.041%

Price spread now: GRVT against Phoenix+0.307%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 GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.307% dearer against Phoenix than usual: you sell high and buy low (spread +0.307% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MRVL	254.38	0.0157	pay 0.0020% / 1h	33m 52s	$11K	$12K	10x
Short	GRVT MRVL_USDT_Perp	255.16	0	get 0.0000% / 8h	2h 33m	$242	$191K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.307%Rate

Funding earned: −$32.9
Price spread: +0.307% → 0.000%: $30.66
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$18.24
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; GRVT: live order book, 13 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 GRVT live order book, 13 min ago	1.37 bp	7.7 bp −$8	15.1 bp −$151	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	−0.0701%	8h	254.55	+0.067%	$5.5M	$16.6M	20x	as long as short
BloFin MRVL-USDT	−0.0022%	8h	255.11	+0.287%	$369K	$177K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.57	+0.076%	$300K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.45	+0.029%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.49	+0.043%	$23.6M	$111.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.34	−0.016%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.13	−0.098%	$6.8M	$23.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.44	+0.024%	$5.4M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.93	+0.216%	$707K	$493K	—	as long as short
GRVT MRVL_USDT_Perpshort	0.0000%	8h	255.16	+0.307%	$242	$191K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	254.65	+0.106%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.51	+0.051%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.55	+0.067%	$128K	$43K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	254.89	+0.199%	$651	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	254.32	−0.024%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.57	+0.075%	$88K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.61	+0.090%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.83	+0.177%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.21	−0.067%	$14.0M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.27	−0.043%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.60	+0.086%	$168	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.41	+0.012%	$561K	$750K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.37	−0.005%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.88	−0.197%	$318K	$635K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.04	+0.259%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.53	+0.059%	$2K	$3K	10x	as long as short
Nado MRVL-PERP	+0.0101%	1h	254.41	+0.011%	$87K	$272K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.54	+0.064%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0112%	8h	254.69	+0.122%	$503K	$63K	20x	as long as short
Phoenix MRVLlong	+0.0157%	1h	254.38	long leg	$11K	$12K	10x
edgeX MRVLUSDC	+0.0208%	4h	254.97	+0.231%	$36K	$373K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.675%	$11K	$735	12x	as long as short