Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Ondo Perps against tradeXYZ−0.096%7-day average −0.006% · you buy dearer than you sell

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

Long on tradeXYZ Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.096%, 7d avg −0.006%

Together, before fees+0.031%+ Points / potential airdroptradeXYZ: Active · Ondo Perps: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.090% cheaper against tradeXYZ than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MRVL	260.44	0.0050	pay 0.0006% / 1h	11m 12s	$14.6M	$8.4M	10x
Short	Ondo Perps MRVL-USD.P	260.19	0.0050	get 0.0006% / 1h	11m 12s	$575K	$679K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.096%Rate

Funding earned: $0.08
Price spread: −0.096% → −0.006%: −$8.96
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$31.88
Costs to cover: 0.230%
Break-even: 2663.3 days

Slippage unknown: tradeXYZ: live order book, 7 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 tradeXYZ live order book, 7 min ago	1.35 bp	11.9 bp −$12	14.2 bp −$142	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
Aster MRVLUSDT	0.0000%	8h	260.48	+0.014%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.42	−0.009%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.60	+0.061%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.41	−0.012%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.55	+0.042%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.51	+0.027%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.51	+0.027%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.44	−0.001%	$717K	$633K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.30	−0.054%	$635	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.59	+0.058%	$868	$6.1M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	260.34	−0.038%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.31	−0.051%	$657	$49K	10x	as long as short
BloFin MRVL-USDT	+0.0022%	8h	260.44	0.000%	$374K	$172K	50x	as long as short
Lighter MRVL	+0.0032%	1h	260.52	+0.031%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.36	−0.031%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.13	−0.119%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.68	+0.092%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVLlong	+0.0050%	1h	260.44	long leg	$14.6M	$8.4M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	260.20	−0.092%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.43	−0.004%	$109	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	260.19	−0.096%	$575K	$679K	10x
Paradex MRVL-USD-PERP	+0.0054%	8h	260.41	−0.011%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.25	−0.073%	$334K	$633K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.58	+0.054%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.39	−0.019%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.42	−0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.37	−0.025%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0124%	1h	260.22	−0.085%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.39	−0.019%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.098%	$11K	$705	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0288%	1h	260.38	−0.023%	$23K	$144K	10x	as long as short
edgeX MRVLUSDC	+0.0972%	4h	260.23	−0.080%	$37K	$373K	10x	as long as short