Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0521%/8h= +57.0% APRpaid last 24h +0.003%

Price spread now: Extended against Bitget−0.108%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.108%, 7d avg −0.033%

Together, before fees−0.036%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.074% cheaper against Bitget than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.033%). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −0.095%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.095% in total (about -5.0% 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	Bitget MRVLUSDT	255.39	−0.0521	get 0.0521% / 8h	10m 31s	$5.5M	$17.2M	20x
Short	Extended MRVL-USD	255.12	0	get 0.0000% / 1h	10m 31s	$50K	$303K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.108%Rate

Funding earned: $109.41
Price spread: −0.108% → −0.033%: −$7.42
Slippage, 4 orders: −$15.66
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $69.32
Costs to cover: 0.327%
Break-even: 2.6 days

Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 27 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	1.37 bp	9.4 bp −$9	10.5 bp −$105	25.2 bp −$2,523	75.2 bp −$37.6K
Sell Extended live order book, 27 min ago	0.98 bp	7.1 bp −$7	91.7 bp −$917	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 MRVLUSDTlong	−0.0521%	8h	255.39	long leg	$5.5M	$17.2M	20x
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.11	−0.110%	$335K	$652K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.22	−0.068%	$301K	$341K	50x	as long as short
Extended MRVL-USDshort	0.0000%	1h	255.12	−0.108%	$50K	$303K	10x
Binance MRVLUSDT	0.0000%	8h	255.25	−0.056%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.12	−0.106%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.25	−0.055%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.15	−0.094%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.09	−0.116%	$714K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.43	+0.015%	$968	$187K	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	255.13	−0.102%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.05	−0.133%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.13	−0.102%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0007%	8h	255.15	−0.094%	$366K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.10	−0.115%	$751	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.11	−0.110%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.11	−0.110%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.99	−0.157%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.45	+0.023%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.96	−0.168%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.99	−0.157%	$99K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.10	−0.114%	$189	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.17	−0.086%	$532K	$832K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	254.99	−0.155%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0065%	1h	255.05	−0.135%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.04	−0.137%	$504K	$72K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.30	−0.035%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.08	−0.121%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.10	−0.113%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.13	−0.102%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.030%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0334%	4h	255.16	−0.090%	$36K	$376K	10x	as long as short