Funding you earn now, next payment 09:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.13 per $10,000 · paid last 24h −0.034%
Price spread now: tradeXYZ against Phoenix+0.240%101s7-day average — · you sell dearer than you buy
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
=The price spread pays, funding is against you. tradeXYZ is 0.240% dearer against Phoenix than usual: you sell high and buy low (spread +0.240% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.5 days. The two prices were read 101 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 | 254.09 | 0.0157 | pay 0.0020% / 1h | 15m 49s | $11K | $13K | 10x |
| Short | tradeXYZ xyz:MRVL | 254.70 | 0.0050 | get 0.0006% / 1h | 15m 49s | $14.0M | $9.5M | 10x |
Phoenix MRVL
tradeXYZ xyz:MRVLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$22.5
- Price spread: +0.240% → 0.000%
- $24.01
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$23.49
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago | 0.79 bp | 11.0 bp −$11 | 14.5 bp −$145 | 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 exchanges
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 | −0.0006% | 8h | 255.02 | +0.366% | $5.5M | $18.6M | 20x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 254.61 | +0.204% | $300K | $337K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 254.88 | +0.311% | $46K | $303K | 10x | as long as short |
| Binance MRVLUSDT | 0.0000% | 8h | 254.97 | +0.347% | $23.4M | $119.1M | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 254.72 | +0.248% | $5.0M | $4.2M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 254.92 | +0.327% | $6.9M | $25.4M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 254.96 | +0.342% | $5.0M | $8.6M | 50x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 254.90 | +0.317% | $708K | $214K | — | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 254.77 | +0.268% | $2K | $5.4M | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 253.99 | −0.039% | $131K | $48K | 50x | 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
SunX MRVL-USDT
HTX MRVL-USDTShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRVL-USDT | +0.0004% | 8h | 254.14 | +0.020% | $372K | $207K | 50x | as long as short |
| GRVT MRVL_USDT_Perp | +0.0009% | 8h | 254.13 | +0.014% | $247 | $180K | 10x | as long as short |
| Aftermath Perps MRVLUSD | +0.0016% | 1h | 254.18 | +0.035% | $1K | $44K | 10x | as long as short |
| Nado MRVL-PERP | +0.0026% | 1h | 254.79 | +0.274% | $87K | $276K | 10x | as long as short |
| QFEX MRVL-USD | +0.0031% | 1h | 254.87 | +0.307% | $1.1M | $3.5M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 254.77 | +0.268% | $88K | $164K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 254.46 | +0.146% | $22K | $22K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 254.94 | +0.335% | — | $51K | 25x | as long as short |
| tradeXYZ xyz:MRVLshort | +0.0050% | 1h | 254.70 | +0.240% | $14.0M | $9.5M | 10x | |
| SoDEX MRVL-USD | +0.0050% | 1h | 254.71 | +0.244% | $214 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 254.74 | +0.256% | $538K | $862K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0051% | 8h | 254.85 | +0.298% | — | — | 5x | as long as short |
| Polymarket Perps MRVL-USD | +0.0096% | 1h | 255.18 | +0.429% | $99K | $76K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 254.74 | +0.256% | $502K | $204K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 254.06 | −0.012% | $4K | $144K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 254.73 | +0.252% | $2K | $2K | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | +0.0103% | 1h | 254.70 | +0.240% | $22K | $145K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 254.65 | +0.221% | $18 | — | 10x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0128% | 1h | 254.68 | +0.232% | $316K | $641K | 10x | as long as short |
| Phoenix MRVLlong | +0.0157% | 1h | 254.09 | long leg | $11K | $13K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 256.63 | +1.000% | $11K | $832 | 12x | as long as short |
| edgeX MRVLUSDC | +0.0640% | 4h | 254.08 | −0.003% | $36K | $376K | 10x | as long as short |
BloFin MRVL-USDT
GRVT MRVL_USDT_Perp
Aftermath Perps MRVLUSD
Nado MRVL-PERP
QFEX MRVL-USD
Lighter MRVL
Arcus MRVL-USD
Vest MRVL-USD-PERP
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
Polymarket Perps MRVL-USD
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Deribit MRVL_USDC-PERPETUAL
Aevo MRVL-PERP
Coinbase International MRVL-PERP-INTX
Injective MRVL/USDC PERP
edgeX MRVLUSDC