Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: Aster against tradeXYZ+0.083%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.083%, 7d avg +0.054%

Together, before fees−0.103%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.029% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.054%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MRVL	255.91	0.0050	pay 0.0006% / 1h	6m 17s	$14.1M	$8.7M	10x
Short	Aster MRVLUSDT	256.12	0	get 0.0000% / 8h	3h 06m	$301K	$339K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$10.5
Price spread: +0.083% → +0.054%: $2.92
Slippage, 4 orders: −$38.07
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$71.66
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 12 min ago; Aster: live order book, 46 min ago.

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 tradeXYZ live order book, 12 min ago	0.78 bp	10.8 bp −$11	13.9 bp −$139	doesn't fit	doesn't fit
Sell Aster live order book, 46 min ago	2.71 bp	20.3 bp −$20	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	−0.0464%	8h	256.06	+0.059%	$5.5M	$16.4M	20x	as long as short
BloFin MRVL-USDT	−0.0008%	8h	255.27	−0.250%	$367K	$174K	50x	as long as short
Aster MRVLUSDTshort	0.0000%	8h	256.12	+0.083%	$301K	$339K	50x
Extended MRVL-USD	0.0000%	1h	255.95	+0.017%	$49K	$269K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.10	+0.074%	$23.5M	$110.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.00	+0.035%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.98	+0.027%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.07	+0.063%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.57	−0.134%	$709K	$628K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.28	−0.246%	$243	$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	256.01	+0.039%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.01	+0.039%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.46	−0.176%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	255.65	−0.101%	$593	$48K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.91	0.000%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.85	−0.023%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.31	−0.234%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.10	+0.074%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVLlong	+0.0050%	1h	255.91	long leg	$14.1M	$8.7M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	255.91	0.000%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.77	−0.055%	$133	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.47	−0.172%	$547K	$726K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.83	−0.033%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0087%	4h	255.33	−0.226%	$36K	$372K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.30	−0.238%	$321K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0095%	1h	255.92	+0.002%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.28	−0.246%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.01	+0.039%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.97	+0.023%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0111%	8h	256.21	+0.117%	$506K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	255.50	−0.160%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.243%	$11K	$734	12x	as long as short