Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: Bybit against tradeXYZ+0.015%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 7 days+0.003%$0 · spread now +0.015%, 7d avg +0.059%

Together, before fees−0.102%+ Points / potential airdroptradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.043% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MRVL	260.80	0.0050	pay 0.0006% / 1h	58m 29s	$14.8M	$8.2M	10x
Short	Bybit MRVLUSDT	260.84	0	get 0.0000% / 8h	6h 58m	$5.1M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$10.5
Price spread: +0.015% → +0.059%: −$4.34
Slippage, 4 orders: −$14.87
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$58.71
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Bybit: live order book, 4 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, 10 min ago	0.77 bp	11.1 bp −$11	13.6 bp −$136	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.15 bp	11.3 bp −$11	29.6 bp −$296	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
Aster MRVLUSDT	0.0000%	8h	261.04	+0.093%	$314K	$329K	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	260.84	+0.015%	$5.1M	$4.0M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	260.81	+0.004%	$7.1M	$22.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.87	+0.027%	$5.6M	$8.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.28	+0.184%	$1K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.04	+0.092%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.38	+0.222%	$132K	$45K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0008%	1h	260.67	−0.050%	$335K	$720K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0011%	1h	261.19	+0.151%	$887	$51K	10x	as long as short
BloFin MRVL-USDT	+0.0018%	8h	261.15	+0.134%	$377K	$171K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0023%	1h	260.83	+0.012%	$1.1M	$4.1M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.90	+0.038%	$95K	$205K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.03	+0.088%	$26K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.34	+0.207%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVLlong	+0.0050%	1h	260.80	long leg	$14.8M	$8.2M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	260.93	+0.050%	$105K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.16	+0.138%	$125	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.12	+0.123%	$568K	$912K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.79	−0.002%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0054%	4h	261.31	+0.197%	$37K	$371K	10x	as long as short
Variational Omni MRVL	+0.0061%	8h	261.26	+0.178%	$725K	$763K	—	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.09	+0.111%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.22	+0.161%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.91	+0.042%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.19	+0.148%	$18	—	10x	as long as short
Binance MRVLUSDT	+0.0115%	8h	260.89	+0.036%	$24.2M	$114.3M	50x	as long as short
Extended MRVL-USD	+0.0120%	1h	260.81	+0.006%	$47K	$350K	10x	as long as short
Nado MRVL-PERP	+0.0179%	1h	260.89	+0.033%	$89K	$316K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.33	+0.203%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.90	+1.189%	$11K	$661	12x	as long as short
GRVT MRVL_USDT_Perp	+0.0230%	8h	261.28	+0.184%	$1K	$198K	10x	as long as short
Bitget MRVLUSDT	+0.0252%	8h	260.89	+0.035%	$5.5M	$16.5M	20x	as long as short