Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.008%

Price spread now: GRVT against tradeXYZ+0.241%66s7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.436% of the position

Long on tradeXYZ Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.241%, 7d avg +0.079%

Together, before fees−0.161%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.161% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.241% now, against its 7-day average of +0.079%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MRVL	259.93	0.0050	pay 0.0006% / 1h	46m 25s	$14.6M	$8.4M	10x
Short	GRVT MRVL_USDT_Perp	260.56	0	get 0.0000% / 8h	5h 46m	$466	$189K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.241%Rate

Funding earned: −$10.5
Price spread: +0.241% → +0.079%: $16.14
Slippage, 4 orders: −$16.57
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$37.93
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; GRVT: live order book, 16 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, 3 min ago	0.96 bp	11.8 bp −$12	16.2 bp −$162	doesn't fit	doesn't fit
Sell GRVT live order book, 16 min ago	1.53 bp	8.4 bp −$8	18.2 bp −$182	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
BloFin MRVL-USDT	−0.0006%	8h	260.10	+0.065%	—	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.03	+0.038%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.00	+0.027%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.99	+0.023%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.10	+0.065%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.19	+0.100%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.51	+0.225%	$717K	$654K	—	as long as short
GRVT MRVL_USDT_Perpshort	0.0000%	8h	260.56	+0.241%	$466	$189K	10x
SunX MRVL-USDT	0.0000%	8h	260.07	+0.054%	$2K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.03	+0.038%	$131K	$42K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0016%	1h	260.10	+0.067%	$984	$50K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.04	+0.042%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	259.97	+0.015%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.035%	$334K	$630K	10x	as long as short
Extended MRVL-USD	+0.0040%	1h	259.92	−0.004%	$51K	$353K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.94	+0.004%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0042%	8h	260.12	+0.071%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.39	+0.177%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVLlong	+0.0050%	1h	259.93	long leg	$14.6M	$8.4M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	260.01	+0.031%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.99	+0.023%	$130	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.90	−0.012%	$574K	$675K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	259.94	+0.006%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0058%	1h	259.92	−0.004%	$23K	$143K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.21	+0.108%	$514K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.16	+0.088%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.02	+0.035%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.04	+0.042%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0138%	1h	259.93	0.000%	$89K	$273K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.30	+0.142%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.331%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0268%	4h	260.19	+0.102%	$37K	$371K	10x	as long as short