Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.044%

Price spread now: OKX against Polymarket Perps+0.024%7-day average −0.094% · 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−$20as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.456%−$46 on $10k

Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.024%, 7d avg −0.094%

Together, before fees−0.578%−$58 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.118% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.094%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.9 days. At the pace of the last 6 days (−0.456% in total) that is about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MRVL-USD	254.41	0.0050	pay 0.0006% / 1h	44m 53s	$101K	$80K	10x
Short	OKX MRVL-USDT-SWAP	254.47	0	get 0.0000% / 8h	1h 44m	$6.7M	$24.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$10.5
Price spread: +0.024% → −0.094%: $11.8
Slippage, 4 orders: −$13.81
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30.51
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 62 min ago; OKX: 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, 62 min ago	2.15 bp	6.1 bp −$6	8.4 bp −$84	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.20 bp	8.3 bp −$8	16.7 bp −$167	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	−0.0751%	8h	254.68	+0.106%	$5.5M	$17.1M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.59	+0.070%	$300K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.51	+0.041%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.55	+0.056%	$23.5M	$113.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.55	+0.055%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAPshort	0.0000%	8h	254.47	+0.024%	$6.7M	$24.1M	50x
Gate MRVL_USDT	0.0000%	8h	254.53	+0.047%	$5.1M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.51	+0.038%	$708K	$479K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.65	+0.094%	$626	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	254.51	+0.039%	$1K	$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	254.59	+0.071%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.55	+0.055%	$130K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0005%	8h	254.53	+0.047%	$364K	$183K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	254.81	+0.156%	$593	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	254.72	+0.122%	$324K	$642K	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.56	+0.059%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	254.52	+0.043%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.53	+0.047%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.78	+0.145%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.47	+0.024%	$14.0M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	254.41	long leg	$101K	$80K	10x
SoDEX MRVL-USD	+0.0050%	1h	254.51	+0.039%	$148	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.40	−0.004%	$556K	$774K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.36	−0.020%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0069%	4h	254.63	+0.088%	$36K	$375K	10x	as long as short
Nado MRVL-PERP	+0.0073%	1h	254.47	+0.023%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.70	+0.114%	$504K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.65	+0.094%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.62	+0.083%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.59	+0.072%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.01	+0.236%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+1.340%	$11K	$851	12x	as long as short