Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Bybit against Binance−0.020%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.020%, 7d avg −0.045%

Together, before fees−0.062%−$6 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: Bybit is 0.025% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRVLUSDT	256.10	0	get 0.0000% / 8h	3h 15m	$23.5M	$109.8M	50x
Short	Bybit MRVLUSDT	256.05	0	get 0.0000% / 8h	3h 15m	$5.0M	$3.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.045%: $2.51
Slippage, 4 orders: −$16.69
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.18
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from Binance: live order book, 13 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 Binance live order book, 13 min ago	0.19 bp	6.6 bp −$7	13.8 bp −$138	66.7 bp −$6,672	doesn't fit
Sell Bybit live order book, 2 min ago	1.76 bp	10.0 bp −$10	26.3 bp −$263	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	−0.0298%	8h	256.38	+0.109%	$5.5M	$16.4M	20x	as long as short
BloFin MRVL-USDT	−0.0022%	8h	256.02	−0.031%	$368K	$174K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.11	+0.003%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.10	0.000%	$49K	$346K	10x	as long as short
Binance MRVLUSDTlong	0.0000%	8h	256.10	long leg	$23.5M	$109.8M	50x
Bybit MRVLUSDTshort	0.0000%	8h	256.05	−0.020%	$5.0M	$3.9M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	256.06	−0.016%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.33	+0.090%	$5.5M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.39	+0.111%	$711K	$630K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.19	+0.035%	$602	$191K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	256.36	+0.102%	$2K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.29	+0.074%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.91	−0.074%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	256.16	+0.025%	$595	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.37	+0.105%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.08	−0.008%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.93	−0.066%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.57	+0.184%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.20	+0.039%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.17	+0.027%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.13	+0.012%	$174	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.28	+0.070%	$549K	$753K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	256.21	+0.043%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.56	−0.211%	$322K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0096%	1h	256.33	+0.091%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.36	+0.102%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.26	+0.062%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.12	+0.009%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0111%	8h	256.48	+0.148%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	256.05	−0.020%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.167%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0550%	4h	256.06	−0.015%	$36K	$374K	10x	as long as short