Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0839%/8h= +91.9% APRpaid last 24h −0.045%

Price spread now: edgeX against Binance+0.073%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 2 days (all we have)−0.115%−$12 · spread now +0.073%, 7d avg 0.000%

Together, before fees−0.011%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and edgeX is 0.074% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of 0.000%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRVLUSDT	259.61	0.0084	pay 0.0084% / 8h	6h 34m	$24.1M	$110.3M	50x
Short	edgeX MRVLUSDC	259.80	0.0924	get 0.0462% / 4h	2h 34m	$37K	$370K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.073%Rate

Funding earned: $176.26
Price spread: +0.073% → 0.000%: $7.37
Slippage, 4 orders: −$15.02
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $149.61
Costs to cover: 0.340%
Break-even: 1.1 days

Slippage from Binance: live order book, 8 min ago; edgeX: live order book, 33 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, 8 min ago	0.19 bp	6.9 bp −$7	12.2 bp −$122	50.8 bp −$5,076	doesn't fit
Sell edgeX live order book, 33 min ago	5.36 bp	10.1 bp −$10	14.5 bp −$145	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	+0.381%	$378K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	259.58	−0.013%	$312K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.52	−0.035%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.54	−0.027%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.52	−0.035%	$5.6M	$8.7M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.61	0.000%	$5.6M	$16.3M	20x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	259.91	+0.116%	$982	$194K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	259.61	0.000%	$1K	$6.4M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.40	−0.081%	$131K	$41K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0008%	1h	259.18	−0.166%	$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	259.73	+0.047%	$920	$51K	10x	as long as short
QFEX MRVL-USD	+0.0023%	1h	259.27	−0.131%	$1.1M	$3.8M	10x	as long as short
Variational Omni MRVL	+0.0028%	8h	259.48	−0.048%	$721K	$655K	—	as long as short
Lighter MRVL	+0.0032%	1h	259.45	−0.062%	$95K	$205K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.47	−0.054%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.72	+0.042%	—	$43K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.47	−0.054%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.36	−0.096%	$104K	$77K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.38	−0.089%	$83	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.26	−0.135%	$566K	$691K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	259.37	−0.091%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0077%	1h	259.25	−0.140%	$89K	$319K	10x	as long as short
Binance MRVLUSDTlong	+0.0084%	8h	259.61	long leg	$24.1M	$110.3M	50x
Extended MRVL-USD	+0.0088%	1h	259.50	−0.042%	$47K	$347K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.64	+0.012%	$513K	$64K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.48	−0.050%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.57	−0.015%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.54	−0.026%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	259.23	−0.146%	$11K	$12K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0174%	1h	259.54	−0.027%	$22K	$143K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.62	+1.159%	$11K	$679	12x	as long as short
edgeX MRVLUSDCshort	+0.0924%	4h	259.80	+0.073%	$37K	$370K	10x