Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.010%

Price spread now: Ondo Perps against Bitget+0.031%50s7-day average −0.082% · you sell dearer than you buy

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.031%, 7d avg −0.082%

Together, before fees−0.128%+ Points / potential airdropOndo Perps: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Ondo Perps is 0.113% dearer against Bitget than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.082%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% 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	256.20	−0.0298	get 0.0298% / 8h	3h 14m	$5.5M	$16.4M	20x
Short	Ondo Perps MRVL-USD.P	256.28	0.0050	get 0.0006% / 1h	14m 47s	$549K	$753K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.031%Rate

Funding earned: $73.16
Price spread: +0.031% → −0.082%: $11.31
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $67.48
Costs to cover: 0.170%
Break-even: 0.5 days

Slippage unknown: Bitget: live order book, 4 min ago; Ondo Perps: 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, 4 min ago	1.76 bp	9.9 bp −$10	13.1 bp −$131	42.9 bp −$4,295	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Bitget MRVLUSDTlong	−0.0298%	8h	256.20	long leg	$5.5M	$16.4M	20x
BloFin MRVL-USDT	−0.0022%	8h	256.02	−0.070%	$368K	$174K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.12	−0.032%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.10	−0.039%	$49K	$346K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.08	−0.049%	$23.5M	$109.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.94	−0.101%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.01	−0.074%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.17	−0.012%	$5.5M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.39	+0.072%	$711K	$630K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.19	−0.004%	$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	+0.062%	$2K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.29	+0.035%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.91	−0.113%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	256.16	−0.014%	$595	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.37	+0.066%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.93	−0.105%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.93	−0.105%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.57	+0.144%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.91	−0.113%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.17	−0.012%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.13	−0.027%	$174	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	256.28	+0.031%	$549K	$753K	10x
Paradex MRVL-USD-PERP	+0.0051%	8h	255.90	−0.115%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.56	−0.250%	$322K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0096%	1h	256.33	+0.052%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.36	+0.062%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.26	+0.023%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.12	−0.030%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0112%	8h	256.20	0.000%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	256.05	−0.059%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.127%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0550%	4h	256.06	−0.054%	$36K	$374K	10x	as long as short