Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.066%

Price spread now: BloFin against Polymarket Perps+0.046%7-day average −0.097% · 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−$18as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.417%−$42 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.046%, 7d avg −0.097%

Together, before fees−0.454%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.143% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.097%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.6 days. At the pace of the last 5 days (−0.417% in total) that is about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MRVL-USD	261.14	0.0050	pay 0.0006% / 1h	5m 11s	$105K	$79K	10x
Short	BloFin MRVL-USDT	261.26	−0.0022	pay 0.0022% / 8h	5h 05m	$375K	$171K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$15.11
Price spread: +0.046% → −0.097%: $14.33
Slippage, 4 orders: −$12.15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$32.93
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 56 min ago; BloFin: live order book, 35 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, 56 min ago	3.27 bp	7.3 bp −$7	8.8 bp −$88	doesn't fit	doesn't fit
Sell BloFin live order book, 35 min ago	0.38 bp	8.4 bp −$8	14.9 bp −$149	doesn't fit	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
BloFin MRVL-USDTshort	−0.0022%	8h	261.26	+0.046%	$375K	$171K	50x
Aster MRVLUSDT	0.0000%	8h	261.11	−0.011%	$314K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.20	+0.023%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.27	+0.050%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.29	+0.057%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	261.30	+0.061%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	261.17	+0.013%	$719K	$650K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.09	−0.018%	$381	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.28	+0.054%	$1K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.87	−0.103%	$132K	$42K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0017%	1h	261.04	−0.038%	$672	$50K	10x	as long as short
Extended MRVL-USD	+0.0024%	1h	261.24	+0.039%	$47K	$351K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	261.21	+0.027%	$1.1M	$3.6M	10x	as long as short
Binance MRVLUSDT	+0.0026%	8h	261.31	+0.065%	$24.3M	$107.7M	50x	as long as short
Lighter MRVL	+0.0032%	1h	261.31	+0.065%	$94K	$206K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.498%	$334K	$630K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.89	−0.096%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.58	+0.168%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.08	−0.023%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	261.14	long leg	$105K	$79K	10x
SoDEX MRVL-USD	+0.0050%	1h	261.27	+0.050%	$152	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.97	−0.065%	$577K	$694K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	261.18	+0.016%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.16	+0.008%	$516K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.01	−0.050%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.24	+0.038%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.22	+0.030%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0123%	1h	261.08	−0.024%	$89K	$275K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0210%	1h	261.17	+0.011%	$23K	$144K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	261.18	+0.015%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+0.862%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0242%	4h	261.23	+0.035%	$37K	$371K	10x	as long as short