Funding you earn now, next payment 04:00 UTC−0.0185%/8h= −20.3% APRpaid last 24h −0.048%
Price spread now: OKX against Phoenix−0.179%66s7-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 OKX is 0.179% cheaper against Phoenix than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 66 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 | 256.34 | 0.0185 | pay 0.0023% / 1h | 20m 15s | $11K | $12K | 10x |
| Short | OKX MRVL-USDT-SWAP | 255.88 | 0 | get 0.0000% / 8h | 3h 20m | $6.8M | $22.7M | 50x |
Phoenix MRVL
OKX MRVL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$38.86
- Price spread: −0.179% → 0.000%
- −$17.94
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$73.8
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago | 0.19 bp | 10.6 bp −$11 | 28.1 bp −$281 | 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 | −0.0200% | 8h | 256.05 | −0.113% | $5.5M | $16.3M | 20x | as long as short |
| BloFin MRVL-USDT | −0.0026% | 8h | 256.22 | −0.047% | $368K | $173K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 255.89 | −0.175% | $301K | $339K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 255.87 | −0.183% | $49K | $346K | 10x | as long as short |
| Binance MRVLUSDT | 0.0000% | 8h | 255.93 | −0.160% | $23.5M | $109.6M | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 255.88 | −0.179% | $5.0M | $3.9M | 50x | as long as short |
| OKX MRVL-USDT-SWAPshort | 0.0000% | 8h | 255.88 | −0.179% | $6.8M | $22.7M | 50x | |
| Gate MRVL_USDT | 0.0000% | 8h | 255.96 | −0.148% | $5.4M | $8.2M | 50x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 256.31 | −0.012% | $711K | $631K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 256.41 | +0.028% | $603 | $191K | 10x | as long as short |
Bitget MRVLUSDT
BloFin MRVL-USDT
Aster MRVLUSDT
Extended MRVL-USD
Binance MRVLUSDT
Bybit MRVLUSDT
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 | 256.17 | −0.066% | $1K | $6.0M | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 255.85 | −0.191% | $22K | $144K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 256.37 | +0.012% | $129K | $42K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0021% | 1h | 256.23 | −0.042% | $698 | $49K | 10x | as long as short |
| QFEX MRVL-USD | +0.0025% | 1h | 256.07 | −0.105% | $1.1M | $3.6M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 255.86 | −0.187% | $89K | $203K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 256.01 | −0.129% | $25K | $27K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 256.40 | +0.023% | — | $50K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 255.76 | −0.226% | $14.1M | $8.7M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 255.83 | −0.199% | $101K | $80K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 255.93 | −0.160% | $179 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 255.76 | −0.226% | $549K | $751K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0050% | 8h | 255.93 | −0.161% | — | — | 5x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0088% | 1h | 255.85 | −0.191% | $322K | $634K | 10x | as long as short |
| Nado MRVL-PERP | +0.0093% | 1h | 256.03 | −0.122% | $87K | $272K | 10x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 256.06 | −0.109% | $4K | $141K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 255.92 | −0.164% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 255.87 | −0.182% | $18 | — | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0106% | 8h | 256.16 | −0.070% | $507K | $62K | 20x | as long as short |
| Phoenix MRVLlong | +0.0185% | 1h | 256.34 | long leg | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 261.65 | +2.071% | $11K | $734 | 12x | as long as short |
| edgeX MRVLUSDC | +0.0965% | 4h | 255.98 | −0.140% | $36K | $372K | 10x | as long as short |
SunX MRVL-USDT
Deribit MRVL_USDC-PERPETUAL
HTX 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
Coinbase International MRVL-PERP-INTX
Nado MRVL-PERP
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
KuCoin MRVLUSDTM
Injective MRVL/USDC PERP
edgeX MRVLUSDC