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 −0.014%

Price spread now: OKX against tradeXYZ+0.020%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 7 days+0.061%+$6 · spread now +0.020%, 7d avg +0.082%

Together, before fees−0.015%+ Points / potential airdroptradeXYZ: Active · farm board−$1 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 OKX is 0.062% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MRVL	255.99	0.0050	pay 0.0006% / 1h	8m 59s	$14.1M	$8.8M	10x
Short	OKX MRVL-USDT-SWAP	256.04	0	get 0.0000% / 8h	2h 08m	$6.8M	$23.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$10.5
Price spread: +0.020% → +0.082%: −$6.22
Slippage, 4 orders: −$11.97
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$56.69
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; OKX: live order book, 5 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	0.79 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.39 bp	9.0 bp −$9	20.3 bp −$203	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	−0.0830%	8h	256.22	+0.090%	$5.6M	$17.0M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.03	+0.017%	$302K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.06	+0.029%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.14	+0.057%	$23.6M	$112.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.98	−0.004%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAPshort	0.0000%	8h	256.04	+0.020%	$6.8M	$23.7M	50x
Gate MRVL_USDT	0.0000%	8h	256.10	+0.043%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.20	+0.082%	$711K	$485K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.31	+0.125%	$648	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.31	+0.125%	$2K	$6.0M	10x	as long as short

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	256.28	+0.113%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.37	+0.148%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0010%	8h	256.11	+0.047%	$362K	$182K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	255.51	−0.189%	$593	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	256.45	+0.180%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.13	+0.055%	$89K	$202K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.72	−0.105%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.57	+0.227%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVLlong	+0.0050%	1h	255.99	long leg	$14.1M	$8.8M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	256.25	+0.102%	$102K	$80K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.83	−0.063%	$565K	$753K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.43	+0.173%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0094%	1h	256.37	+0.147%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.60	−0.934%	$318K	$634K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.12	+0.051%	$4K	$139K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.29	+0.117%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.24	+0.097%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0107%	8h	256.21	+0.086%	$507K	$64K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	256.41	+0.164%	$11K	$12K	10x	as long as short
SoDEX MRVL-USD	+0.0162%	1h	256.07	+0.031%	$164	$15K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.035%	$11K	$735	12x	as long as short
edgeX MRVLUSDC	+0.0566%	4h	256.12	+0.051%	$36K	$373K	10x	as long as short