Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against SunX+0.853%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.853% dearer against SunX than usual: you sell high and buy low: +$85 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MRVL-USDT	260.40	0	get 0.0000% / 8h	6h 04m	$1K	$6.2M	10x
Short	Injective MRVL/USDC PERP	262.62	0.0220	get 0.0028% / 1h	4m 44s	$11K	$679	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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 SunXbpFee InjectivebpOrdersPrice spread, now +0.853%Rate

Funding earned: $46.2
Price spread: +0.853% → 0.000%: $85.25
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $123.43
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 4 min ago; Injective: 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 SunX live order book, 4 min ago	44.77 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 31 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	260.35	−0.020%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.31	−0.035%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.30	−0.038%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.36	−0.015%	$5.6M	$8.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.38	−0.008%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.54	+0.054%	$724K	$659K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.23	−0.065%	$520	$195K	10x	as long as short
SunX MRVL-USDTlong	0.0000%	8h	260.40	long leg	$1K	$6.2M	10x
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.38	−0.008%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.24	−0.061%	$131K	$41K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MRVL-PERP-INTX	+0.0008%	1h	260.17	−0.088%	$335K	$631K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0013%	1h	260.39	−0.005%	$884	$50K	10x	as long as short
QFEX MRVL-USD	+0.0023%	1h	260.46	+0.023%	$1.1M	$3.8M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.37	−0.012%	$95K	$206K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.16	−0.092%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.73	+0.127%	—	$45K	25x	as long as short
Extended MRVL-USD	+0.0048%	1h	260.30	−0.038%	$47K	$351K	10x	as long as short
Binance MRVLUSDT	+0.0049%	8h	260.42	+0.008%	$24.1M	$108.3M	50x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.25	−0.058%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.42	+0.008%	$104K	$77K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.34	−0.023%	$146	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.27	−0.050%	$576K	$678K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	260.36	−0.014%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0064%	1h	260.32	−0.032%	$89K	$273K	10x	as long as short
edgeX MRVLUSDC	+0.0091%	4h	260.47	+0.026%	$37K	$370K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.61	+0.081%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.55	+0.058%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.41	+0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.37	−0.012%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.43	+0.012%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERPshort	+0.0220%	1h	262.62	+0.853%	$11K	$679	12x