Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.056%

Price spread now: Bybit against Polymarket Perps+0.086%47s7-day average −0.119% · 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—prices read too far apart to compare

costs, in and out, $10k−$370.374% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.485%−$49 on $10k

Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.086%, 7d avg −0.119%

Together, before fees−0.682%−$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.205% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of −0.119%): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 6 days (−0.485% in total) that is about 2.3 days. The two prices were read 47 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	Polymarket Perps MRVL-USD	256.92	0.0050	pay 0.0006% / 1h	28m 44s	$102K	$80K	10x
Short	Bybit MRVLUSDT	257.14	0	get 0.0000% / 8h	3h 28m	$5.1M	$3.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$10.5
Price spread: +0.086% → −0.119%: $20.49
Slippage, 4 orders: −$18.37
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$27.38
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 23 min ago; Bybit: 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, 23 min ago	2.52 bp	7.3 bp −$7	8.5 bp −$85	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.17 bp	9.6 bp −$10	29.3 bp −$293	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
Bitget MRVLUSDT	−0.0030%	8h	257.22	+0.117%	$5.5M	$16.3M	20x	as long as short
BloFin MRVL-USDT	−0.0021%	8h	257.22	+0.117%	$369K	$173K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.16	+0.092%	$302K	$338K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.13	+0.083%	$46K	$343K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.25	+0.128%	$23.6M	$109.3M	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	257.14	+0.086%	$5.1M	$3.9M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	257.08	+0.062%	$6.9M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.27	+0.136%	$5.5M	$8.2M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	257.20	+0.109%	$713K	$634K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.12	+0.078%	$612	$191K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	257.11	+0.074%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.87	−0.019%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.55	−0.144%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	256.90	−0.009%	$659	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	257.20	+0.109%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	257.23	+0.121%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.82	−0.039%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.48	+0.218%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.14	+0.086%	$14.2M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	256.92	long leg	$102K	$80K	10x
SoDEX MRVL-USD	+0.0050%	1h	257.12	+0.078%	$185	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.15	+0.090%	$571K	$755K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	257.03	+0.043%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0081%	1h	257.02	+0.040%	$88K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	257.13	+0.082%	$324K	$630K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.08	+0.062%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.02	+0.039%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.09	+0.065%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0114%	8h	257.33	+0.160%	$509K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	257.24	+0.125%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+1.841%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0659%	4h	257.10	+0.070%	$36K	$374K	10x	as long as short