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: SunX against Polymarket Perps+0.070%7-day average −0.074% · you sell dearer than you buy

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

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.490%−$49 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.070%, 7d avg −0.074%

Together, before fees−0.621%−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.144% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.074%): +$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 9.6 days. At the pace of the last 6 days (−0.490% in total) that is about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MRVL-USD	255.40	0.0050	pay 0.0006% / 1h	59m 49s	$100K	$83K	10x
Short	SunX MRVL-USDT	255.58	0	get 0.0000% / 8h	59m 49s	$2K	$6.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$10.5
Price spread: +0.070% → −0.074%: $14.44
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$12.06
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 42 min ago; SunX: live order book, 9 min ago. 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, 42 min ago	2.75 bp	6.8 bp −$7	8.9 bp −$89	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	45.17 bp	doesn't fit	doesn't fit	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	−0.0630%	8h	255.48	+0.031%	$5.6M	$17.1M	20x	as long as short
tradeXYZ xyz:MRVL	−0.0062%	1h	255.39	−0.004%	$14.1M	$9.1M	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.50	+0.040%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.46	+0.022%	$46K	$283K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.50	+0.041%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.43	+0.012%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.44	+0.016%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.51	+0.043%	$5.2M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.52	+0.047%	$711K	$466K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.60	+0.080%	$780	$190K	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-USDTshort	0.0000%	8h	255.58	+0.070%	$2K	$6.0M	10x
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.64	+0.094%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.53	+0.051%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0008%	8h	255.56	+0.063%	$366K	$186K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.53	+0.049%	$594	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	255.26	−0.055%	$335K	$653K	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.44	+0.016%	$88K	$167K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	255.63	+0.090%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.34	−0.023%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.84	+0.172%	—	$51K	25x	as long as short
Nado MRVL-PERP	+0.0047%	1h	255.47	+0.028%	$87K	$272K	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	255.40	long leg	$100K	$83K	10x
SoDEX MRVL-USD	+0.0050%	1h	255.62	+0.086%	$204	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.46	+0.023%	$541K	$850K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.58	+0.072%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.71	+0.121%	$506K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.44	+0.016%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.69	+0.114%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.64	+0.096%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.63	+0.090%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0175%	4h	255.53	+0.051%	$36K	$375K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+0.948%	$11K	$853	12x	as long as short