Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Bybit against Vest−0.063%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.063% cheaper against Vest than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MRVL-USD-PERP	254.50	0.0046	pay 0.0006% / 1h	30m 55s	—	$50K	25x
Short	Bybit MRVLUSDT	254.34	0	get 0.0000% / 8h	2h 30m	$5.0M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Vest. 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 VestbpFee BybitbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$9.59
Price spread: −0.063% → 0.000%: −$6.29
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.88
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 2 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	1.57 bp	10.8 bp −$11	23.1 bp −$231	doesn't fit	doesn't fit

Vest: 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
Bitget MRVLUSDT	−0.0755%	8h	254.61	+0.043%	$5.5M	$16.6M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.39	−0.044%	$300K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.34	−0.065%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.37	−0.051%	$23.5M	$111.3M	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	254.34	−0.063%	$5.0M	$4.0M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	254.37	−0.051%	$6.8M	$23.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.32	−0.071%	$5.4M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.22	−0.112%	$705K	$491K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.19	−0.122%	$1K	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	254.52	+0.008%	$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	254.16	−0.134%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.59	+0.035%	$128K	$43K	50x	as long as short
BloFin MRVL-USDT	+0.0011%	8h	254.27	−0.090%	$367K	$177K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	254.61	+0.042%	$650	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	254.28	−0.086%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.22	−0.110%	$88K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.28	−0.086%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERPlong	+0.0046%	1h	254.50	long leg	—	$50K	25x
tradeXYZ xyz:MRVL	+0.0050%	1h	254.20	−0.118%	$14.0M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.07	−0.169%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.25	−0.098%	$178	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.31	−0.075%	$559K	$750K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.17	−0.128%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0085%	1h	254.25	−0.099%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.88	−0.244%	$318K	$635K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.26	−0.094%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.25	−0.098%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.21	−0.112%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0108%	8h	254.53	+0.012%	$503K	$63K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	254.22	−0.110%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0200%	4h	254.28	−0.085%	$36K	$374K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.627%	$11K	$735	12x	as long as short