MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0166%/8h= +18.1% APRnext payment +$0.21 per $10,000 · paid last 24h −0.035%

Price spread now: Phoenix against Polymarket Perps−0.161%59s7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.161% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 3.2 days of funding at the current rate (+$5 a day). The two prices were read 59 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	261.10	0.0050	pay 0.0006% / 1h	32m 21s	$105K	$86K	10x
Short	Phoenix MRVL	260.68	0.0216	get 0.0027% / 1h	32m 21s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.161%Rate

Funding earned: $34.77
Price spread: −0.161% → 0.000%: −$16.09
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $3.69
Costs to cover: 0.150%
Break-even: 6.3 days

Slippage unknown: Polymarket Perps: live order book, 39 min ago; Phoenix: 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, 39 min ago	3.47 bp	7.5 bp −$7	8.8 bp −$88	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
Aster MRVLUSDT	0.0000%	8h	260.69	−0.155%	$314K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.98	−0.046%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.08	−0.008%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.06	−0.015%	$5.6M	$9.5M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.13	+0.011%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.04	−0.023%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.99	−0.042%	$132K	$51K	50x	as long as short
GRVT MRVL_USDT_Perp	+0.0007%	8h	260.63	−0.180%	$279	$206K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.86	−0.093%	$886	$52K	10x	as long as short
Variational Omni MRVL	+0.0017%	8h	260.90	−0.075%	$724K	$764K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRVL-USDT	+0.0022%	8h	260.62	−0.184%	$375K	$169K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.165%	$335K	$789K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	260.98	−0.046%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.88	−0.084%	$95K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.53	−0.218%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.30	+0.077%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.00	−0.038%	$14.7M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	261.10	long leg	$105K	$86K	10x
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.93	−0.065%	$571K	$941K	10x	as long as short
Nado MRVL-PERP	+0.0052%	1h	260.85	−0.094%	$88K	$317K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	260.80	−0.115%	—	—	5x	as long as short
Extended MRVL-USD	+0.0064%	1h	261.07	−0.010%	$52K	$342K	10x	as long as short
Binance MRVLUSDT	+0.0067%	8h	261.10	+0.001%	$24.2M	$114.7M	50x	as long as short
SoDEX MRVL-USD	+0.0077%	1h	260.82	−0.107%	$110	$14K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.99	−0.042%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.17	+0.027%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.92	−0.069%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.94	−0.060%	$18	—	10x	as long as short
Bitget MRVLUSDT	+0.0117%	8h	261.02	−0.031%	$5.6M	$16.5M	20x	as long as short
Phoenix MRVLshort	+0.0216%	1h	260.68	−0.161%	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	263.77	+1.023%	$11K	$652	12x	as long as short
edgeX MRVLUSDC	+0.0705%	4h	260.73	−0.142%	$37K	$370K	10x	as long as short