Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.061%

Price spread now: Injective against Bitget+1.137%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 1.137% dearer against Bitget than usual: you sell high and buy low: +$114 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	260.34	0	get 0.0000% / 8h	4h 13m	$5.6M	$16.0M	20x
Short	Injective MRVL/USDC PERP	263.30	0.0220	get 0.0028% / 1h	13m 21s	$11K	$705	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.137%Rate

Funding earned: $46.2
Price spread: +1.137% → 0.000%: $113.7
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $147.88
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

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, 5 min ago	1.15 bp	9.6 bp −$10	13.5 bp −$135	42.9 bp −$4,293	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster MRVLUSDT	0.0000%	8h	260.35	+0.004%	$312K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.27	−0.028%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.34	−0.001%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.22	−0.046%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.28	−0.023%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.29	−0.019%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDTlong	0.0000%	8h	260.34	long leg	$5.6M	$16.0M	20x
Variational Omni MRVL	0.0000%	8h	260.32	−0.008%	$717K	$634K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.30	−0.015%	$635	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.39	+0.019%	$578	$6.1M	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	260.17	−0.065%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	260.21	−0.050%	$657	$49K	10x	as long as short
BloFin MRVL-USDT	+0.0027%	8h	260.19	−0.058%	$374K	$171K	50x	as long as short
Lighter MRVL	+0.0032%	1h	260.31	−0.012%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.23	−0.042%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.11	−0.088%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.60	+0.100%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.12	−0.085%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.10	−0.092%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.29	−0.019%	$109	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.26	−0.031%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	260.21	−0.048%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.34	0.000%	$334K	$626K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.45	+0.042%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.39	+0.019%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.32	−0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.26	−0.029%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0124%	1h	260.15	−0.072%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.39	+0.019%	$11K	$12K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0173%	1h	260.25	−0.035%	$23K	$144K	10x	as long as short
Injective MRVL/USDC PERPshort	+0.0220%	1h	263.30	+1.137%	$11K	$705	12x
edgeX MRVLUSDC	+0.0972%	4h	260.23	−0.042%	$37K	$373K	10x	as long as short