Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Bybit against ApeX Omni−0.223%109s7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as 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−$1011.009% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.223%, 7d avg −0.026%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.197% cheaper against ApeX Omni than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.026%). Swap the legs. The two prices were read 109 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	ApeX Omni MRVLUSDT	259.91	0.0100	pay 0.0013% / 1h	35m 40s	$4K	$141K	50x
Short	Bybit MRVLUSDT	259.33	0	get 0.0000% / 8h	6h 35m	$5.1M	$3.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now −0.223%Rate

Funding earned: −$21
Price spread: −0.223% → −0.026%: −$19.67
Slippage, 4 orders: −$79.89
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$141.56
Costs to cover: 1.009%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 30 min ago; Bybit: live order book, 2 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 ApeX Omni live order book, 30 min ago	24.09 bp	37.5 bp −$38	208.2 bp −$2,082	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.35 bp	15.8 bp −$16	29.1 bp −$291	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	−0.0023%	8h	260.60	+0.265%	$378K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	259.52	−0.149%	$311K	$329K	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	259.33	−0.223%	$5.1M	$3.9M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	259.33	−0.223%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.40	−0.196%	$5.6M	$8.7M	50x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	259.91	0.000%	$982	$194K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	259.57	−0.131%	$1K	$6.4M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	259.39	−0.200%	$22K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.86	−0.019%	$131K	$41K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0008%	1h	259.18	−0.281%	$333K	$636K	10x	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	+0.0013%	1h	259.84	−0.026%	$920	$51K	10x	as long as short
Bitget MRVLUSDT	+0.0020%	8h	259.45	−0.177%	$5.6M	$16.3M	20x	as long as short
QFEX MRVL-USD	+0.0023%	1h	259.37	−0.208%	$1.1M	$3.9M	10x	as long as short
Variational Omni MRVL	+0.0028%	8h	259.48	−0.164%	$721K	$655K	—	as long as short
Lighter MRVL	+0.0032%	1h	259.41	−0.192%	$95K	$205K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.59	−0.123%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.79	−0.046%	—	$43K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.26	−0.250%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.43	−0.185%	$104K	$77K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.45	−0.177%	$88	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.26	−0.250%	$566K	$691K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	259.36	−0.213%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0078%	1h	259.34	−0.217%	$89K	$319K	10x	as long as short
Binance MRVLUSDT	+0.0084%	8h	259.46	−0.172%	$24.1M	$110.4M	50x	as long as short
Extended MRVL-USD	+0.0088%	1h	259.43	−0.186%	$47K	$347K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.60	−0.119%	$513K	$64K	20x	as long as short
ApeX Omni MRVLUSDTlong	+0.0100%	1h	259.91	long leg	$4K	$141K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.51	−0.154%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.49	−0.162%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.19	+0.108%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.37	+1.331%	$11K	$676	12x	as long as short
edgeX MRVLUSDC	+0.0924%	4h	259.80	−0.042%	$37K	$370K	10x	as long as short