Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.029%

Price spread now: Ondo Perps against Polymarket Perps+0.020%70s7-day average −0.150% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.373%−$37 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.020%, 7d avg −0.150%

Together, before fees−0.531%+ Points / potential airdropOndo Perps: Active · farm board−$53 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.170% dearer against Polymarket Perps than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.150%. The two prices were read 70 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	255.04	0.0050	pay 0.0006% / 1h	49m 17s	$101K	$80K	10x
Short	Ondo Perps MRVL-USD.P	255.09	0.0050	get 0.0006% / 1h	49m 17s	$554K	$775K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0.08
Price spread: +0.020% → −0.150%: $16.95
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $4.04
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 57 min ago; Ondo Perps: no order-book sample. 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 Polymarket Perps live order book, 57 min ago	2.15 bp	6.1 bp −$6	8.4 bp −$84	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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	−0.0724%	8h	255.26	+0.086%	$5.5M	$17.1M	20x	as long as short
BloFin MRVL-USDT	−0.0029%	8h	254.92	−0.047%	$368K	$183K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.07	+0.010%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.99	−0.018%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.00	−0.014%	$23.5M	$113.2M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.01	−0.012%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.04	0.000%	$6.8M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.14	+0.039%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.13	+0.036%	$709K	$481K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.17	+0.051%	$628	$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	255.21	+0.067%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.02	−0.008%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.95	−0.035%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.13	+0.034%	$643	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	254.72	−0.125%	$324K	$642K	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.95	−0.035%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	255.25	+0.082%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.95	−0.035%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.45	+0.161%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.00	−0.016%	$14.0M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	255.04	long leg	$101K	$80K	10x
SoDEX MRVL-USD	+0.0050%	1h	255.02	−0.008%	$163	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	255.09	+0.020%	$554K	$775K	10x
Paradex MRVL-USD-PERP	+0.0052%	8h	255.24	+0.077%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0078%	1h	254.86	−0.071%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.32	+0.110%	$505K	$65K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.09	+0.020%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.07	+0.012%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.02	−0.008%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.01	−0.012%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.37	+1.306%	$11K	$842	12x	as long as short
edgeX MRVLUSDC	+0.0826%	4h	254.91	−0.049%	$36K	$374K	10x	as long as short