Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against ApeX Omni+0.165%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$1071.074% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.449%−$45 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.165%, 7d avg +0.011%

Together, before fees−0.457%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.154% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.165% now, against its 7-day average of +0.011%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.1 days. At the pace of the last 7 days (−0.449% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MRVLUSDT	254.42	0.0100	pay 0.0013% / 1h	56m 46s	$4K	$143K	50x
Short	Gate MRVL_USDT	254.84	0	get 0.0000% / 8h	6h 56m	$4.9M	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.165%Rate

Funding earned: −$21
Price spread: +0.165% → +0.011%: $15.45
Slippage, 4 orders: −$82.36
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$112.92
Costs to cover: 1.074%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 34 min ago; Gate: 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, 34 min ago	25.74 bp	35.8 bp −$36	195.9 bp −$1,959	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.18 bp	16.8 bp −$17	32.3 bp −$323	44.0 bp −$4,404	78.1 bp −$39.0K

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	−0.0214%	8h	254.71	+0.114%	$5.4M	$18.2M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.39	−0.012%	$300K	$337K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.68	+0.103%	$46K	$298K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.72	+0.118%	$23.3M	$118.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.55	+0.051%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.69	+0.106%	$6.8M	$25.3M	50x	as long as short
Gate MRVL_USDTshort	0.0000%	8h	254.84	+0.165%	$4.9M	$8.4M	50x
Variational Omni MRVL	0.0000%	8h	254.30	−0.046%	$711K	$460K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.31	−0.043%	$422	$182K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	254.61	+0.075%	$2K	$5.6M	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	254.55	+0.051%	$131K	$48K	50x	as long as short
BloFin MRVL-USDT	+0.0020%	8h	254.56	+0.055%	$368K	$202K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	254.33	−0.034%	$1K	$45K	10x	as long as short
QFEX MRVL-USD	+0.0031%	1h	254.37	−0.020%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.66	+0.094%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.04	−0.149%	$22K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.64	+0.086%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.54	+0.047%	$13.9M	$9.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.48	+0.024%	$99K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.54	+0.047%	$153	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.19	−0.090%	$541K	$860K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.16	−0.100%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.57	+0.059%	$502K	$158K	20x	as long as short
ApeX Omni MRVLUSDTlong	+0.0100%	1h	254.42	long leg	$4K	$143K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.55	+0.051%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.51	+0.036%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0119%	1h	254.41	−0.002%	$87K	$276K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0128%	1h	254.54	+0.047%	$325K	$620K	10x	as long as short
Phoenix MRVL	+0.0188%	1h	254.32	−0.039%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.869%	$11K	$832	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0300%	1h	254.47	+0.020%	$22K	$145K	10x	as long as short
edgeX MRVLUSDC	+0.0936%	4h	254.55	+0.053%	$36K	$373K	10x	as long as short