Funding you earn now, next payment 05:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.13 per $10,000 · paid last 24h +0.001%
Price spread now: Polymarket Perps against Phoenix−0.059%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 −$3 a day on $10k at the current rate, and Polymarket Perps is 0.059% cheaper against Phoenix than usual: you would sell low and buy high (−$6 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 | 254.22 | 0.0157 | pay 0.0020% / 1h | 31m 05s | $11K | $12K | 10x |
| Short | Polymarket Perps MRVL-USD | 254.07 | 0.0050 | get 0.0006% / 1h | 31m 05s | $101K | $80K | 10x |
Phoenix MRVL
Polymarket Perps MRVL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$22.4
- Price spread: −0.059% → 0.000%
- −$5.9
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$43.3
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Polymarket Perps: live order book, 16 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 Polymarket Perps live order book, 16 min ago | 2.15 bp | 8.1 bp −$8 | 10.2 bp −$102 | 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 | −0.0755% | 8h | 254.52 | +0.118% | $5.5M | $16.6M | 20x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 254.35 | +0.050% | $300K | $341K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 254.21 | −0.006% | $47K | $268K | 10x | as long as short |
| Binance MRVLUSDT | 0.0000% | 8h | 254.33 | +0.044% | $23.5M | $111.3M | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 254.21 | −0.004% | $5.0M | $4.0M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 254.31 | +0.035% | $6.8M | $23.3M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 254.32 | +0.039% | $5.4M | $8.4M | 50x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 254.93 | +0.279% | $707K | $493K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 254.19 | −0.012% | $1K | $191K | 10x | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 254.52 | +0.118% | $2K | $6.0M | 10x | as long as short |
Bitget MRVLUSDT
Aster 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 | 254.16 | −0.024% | $22K | $144K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 254.59 | +0.146% | $128K | $43K | 50x | as long as short |
| BloFin MRVL-USDT | +0.0011% | 8h | 254.27 | +0.020% | $367K | $177K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0020% | 1h | 254.61 | +0.152% | $650 | $48K | 10x | as long as short |
| QFEX MRVL-USD | +0.0030% | 1h | 254.28 | +0.024% | $1.1M | $3.5M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 254.22 | 0.000% | $88K | $201K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 254.28 | +0.024% | $24K | $27K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 254.50 | +0.110% | — | $50K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 254.20 | −0.008% | $14.0M | $8.7M | 10x | as long as short |
| Polymarket Perps MRVL-USDshort | +0.0050% | 1h | 254.07 | −0.059% | $101K | $80K | 10x | |
| SoDEX MRVL-USD | +0.0050% | 1h | 254.25 | +0.012% | $178 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 254.31 | +0.035% | $559K | $750K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0052% | 8h | 254.17 | −0.018% | — | — | 5x | as long as short |
| Nado MRVL-PERP | +0.0085% | 1h | 254.25 | +0.011% | $87K | $272K | 10x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0096% | 1h | 253.88 | −0.134% | $318K | $635K | 10x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 254.26 | +0.016% | $4K | $140K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 254.25 | +0.012% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 254.21 | −0.002% | $18 | — | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0108% | 8h | 254.46 | +0.094% | $503K | $63K | 20x | as long as short |
| Phoenix MRVLlong | +0.0157% | 1h | 254.22 | long leg | $11K | $12K | 10x | |
| edgeX MRVLUSDC | +0.0200% | 4h | 254.28 | +0.025% | $36K | $374K | 10x | as long as short |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 258.64 | +1.739% | $11K | $735 | 12x | 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
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
Nado MRVL-PERP
Coinbase International MRVL-PERP-INTX
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
KuCoin MRVLUSDTM
edgeX MRVLUSDC
Injective MRVL/USDC PERP