Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against SunX−0.145%7-day average −0.073% · you buy dearer than you sell

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

Long on SunX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.145%, 7d avg −0.073%

Together, before fees+0.219%+ Points / potential airdropOndo Perps: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.072% cheaper against SunX than usual: you would sell low and buy high (spread −0.145% now, against its 7-day average of −0.073%). If the spread goes back, that is −$7 on $10k: about 4.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MRVL-USDT	254.68	0	get 0.0000% / 8h	2h 29m	$2K	$6.0M	10x
Short	Ondo Perps MRVL-USD.P	254.31	0.0050	get 0.0006% / 1h	29m 41s	$559K	$750K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.145%Rate

Funding earned: $10.58
Price spread: −0.145% → −0.073%: −$7.23
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$9.64
Costs to cover: 0.130%
Break-even: 13.4 days

Slippage unknown: SunX: live order book, 9 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 SunX live order book, 9 min ago	45.03 bp	doesn't fit	doesn't fit	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	−0.0772%	8h	254.70	+0.008%	$5.5M	$16.7M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.44	−0.096%	$300K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.56	−0.045%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.40	−0.110%	$23.5M	$111.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.26	−0.165%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.28	−0.157%	$6.8M	$23.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.60	−0.031%	$5.4M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.22	−0.182%	$705K	$491K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.19	−0.192%	$1K	$191K	10x	as long as short
SunX MRVL-USDTlong	0.0000%	8h	254.68	long leg	$2K	$6.0M	10x

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	254.61	−0.027%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.59	−0.035%	$128K	$43K	50x	as long as short
BloFin MRVL-USDT	+0.0011%	8h	254.27	−0.161%	$367K	$177K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	254.58	−0.041%	$591	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	254.69	+0.004%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.37	−0.122%	$88K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.25	−0.169%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.80	+0.047%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.27	−0.161%	$14.0M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.48	−0.079%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.52	−0.063%	$178	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	254.31	−0.145%	$559K	$750K	10x
Paradex MRVL-USD-PERP	+0.0052%	8h	254.31	−0.143%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0081%	1h	254.72	+0.015%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.88	−0.314%	$318K	$635K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.26	−0.165%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.65	−0.012%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.62	−0.026%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0108%	8h	254.57	−0.043%	$503K	$63K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	254.22	−0.181%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0200%	4h	254.28	−0.155%	$36K	$374K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.555%	$11K	$735	12x	as long as short