Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.012%

Price spread now: ApeX Omni against Bitget−0.042%113s7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as 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−$970.968% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.042%, 7d avg −0.020%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.023% cheaper against Bitget than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of −0.020%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.044% in total) that is about 3.6 days. The two prices were read 113 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	Bitget MRVLUSDT	259.27	0	get 0.0000% / 8h	35m 37s	$5.6M	$16.6M	20x
Short	ApeX Omni MRVLUSDT	259.16	0.0100	get 0.0013% / 1h	35m 37s	$4K	$143K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.042%Rate

Funding earned: $21
Price spread: −0.042% → −0.020%: −$2.25
Slippage, 4 orders: −$74.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$78.03
Costs to cover: 0.968%
Break-even: 33.0 days

Slippage from Bitget: live order book, 3 min ago; ApeX Omni: live order book, 40 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 Bitget live order book, 3 min ago	1.74 bp	10.1 bp −$10	13.7 bp −$137	27.4 bp −$2,739	doesn't fit
Sell ApeX Omni live order book, 40 min ago	28.47 bp	39.3 bp −$39	210.9 bp −$2,109	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	−0.0018%	8h	259.35	+0.031%	$376K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	259.15	−0.046%	$313K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.25	−0.008%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.27	0.000%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.28	+0.004%	$5.7M	$9.7M	50x	as long as short
Bitget MRVLUSDTlong	0.0000%	8h	259.27	long leg	$5.6M	$16.6M	20x
Variational Omni MRVL	0.0000%	8h	259.40	+0.048%	$722K	$764K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.45	+0.069%	$1K	$6.8M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.29	+0.008%	$131K	$59K	50x	as long as short
Extended MRVL-USD	+0.0016%	1h	259.27	+0.001%	$49K	$206K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MRVLUSDT	+0.0018%	8h	259.30	+0.012%	$24.3M	$114.6M	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	259.19	−0.031%	$686	$53K	10x	as long as short
Lighter MRVL	+0.0032%	1h	259.32	+0.019%	$96K	$213K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.24	−0.012%	$1.1M	$4.3M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.07	−0.077%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.68	+0.158%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.16	−0.042%	$14.6M	$9.2M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.26	−0.004%	$109K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.31	+0.015%	$207	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.17	−0.039%	$592K	$927K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0052%	8h	259.11	−0.062%	$741	$226K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.355%	$319K	$767K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0068%	8h	259.24	−0.011%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.17	−0.039%	$514K	$69K	20x	as long as short
ApeX Omni MRVLUSDTshort	+0.0100%	1h	259.16	−0.042%	$4K	$143K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.32	+0.019%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.33	+0.022%	$18	—	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.32	+0.019%	$11K	$12K	10x	as long as short
Nado MRVL-PERP	+0.0218%	1h	259.24	−0.012%	$88K	$316K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+0.995%	$11K	$629	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0290%	1h	259.37	+0.039%	$22K	$143K	10x	as long as short
edgeX MRVLUSDC	+0.0414%	4h	259.43	+0.063%	$36K	$369K	10x	as long as short