Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0631%/8h= −69.1% APRpaid last 24h −0.050%

Price spread now: Bitget against Polymarket Perps+0.133%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.374%−$37 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.133%, 7d avg −0.071%

Together, before fees−0.575%−$58 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.204% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of −0.071%): +$20 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 6 days (−0.374% in total) that is about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MRVL-USD	255.95	0.0050	pay 0.0006% / 1h	54m 44s	$102K	$80K	10x
Short	Bitget MRVLUSDT	256.29	−0.0581	pay 0.0581% / 8h	2h 54m	$5.5M	$16.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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 Polymarket PerpsbpFee BitgetbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$132.51
Price spread: +0.133% → −0.071%: $20.4
Slippage, 4 orders: −$15.65
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$147.76
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 57 min ago; Bitget: live order book, 4 min ago.

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 Polymarket Perps live order book, 57 min ago	2.52 bp	7.3 bp −$7	8.5 bp −$85	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.37 bp	9.1 bp −$9	15.3 bp −$153	44.2 bp −$4,422	doesn't fit

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 MRVLUSDTshort	−0.0581%	8h	256.29	+0.133%	$5.5M	$16.5M	20x
Aster MRVLUSDT	0.0000%	8h	256.15	+0.079%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.17	+0.085%	$49K	$269K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.26	+0.121%	$23.5M	$110.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.21	+0.102%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.31	+0.141%	$6.8M	$23.0M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.27	+0.125%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.40	+0.176%	$711K	$500K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.02	+0.026%	$778	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.15	+0.078%	$2K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.06	+0.043%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.16	−0.309%	$129K	$42K	50x	as long as short
edgeX MRVLUSDC	+0.0012%	4h	255.83	−0.048%	$36K	$372K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	255.66	−0.114%	$692	$48K	10x	as long as short
BloFin MRVL-USDT	+0.0022%	8h	256.36	+0.160%	$369K	$177K	50x	as long as short
QFEX MRVL-USD	+0.0030%	1h	256.13	+0.070%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.17	+0.086%	$89K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.64	−0.121%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.40	+0.176%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.19	+0.094%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	255.95	long leg	$102K	$80K	10x
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.05	+0.039%	$560K	$748K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.07	+0.048%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	254.95	−0.391%	$322K	$632K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.08	+0.051%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.10	+0.059%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.12	+0.065%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0117%	8h	256.17	+0.086%	$505K	$62K	20x	as long as short
Nado MRVL-PERP	+0.0170%	1h	256.10	+0.059%	$87K	$272K	10x	as long as short
Phoenix MRVL	+0.0185%	1h	256.16	+0.082%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.051%	$11K	$735	12x	as long as short
SoDEX MRVL-USD	+0.0340%	1h	256.17	+0.086%	$138	$15K	10x	as long as short