Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0950%/8h= +104.0% APRpaid last 24h +0.018%

Price spread now: edgeX against BloFin−0.080%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.080%, 7d avg +0.010%

Together, before fees+0.279%+ Points / potential airdropedgeX: Active · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.090% cheaper against BloFin than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of +0.010%). If the spread goes back, that is −$9 on $10k: about 8 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.101% in total) that is about 6.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.101% in total (about 5.3% 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	BloFin MRVL-USDT	260.44	0.0022	pay 0.0022% / 8h	4h 11m	$374K	$172K	50x
Short	edgeX MRVLUSDC	260.23	0.0972	get 0.0486% / 4h	11m 14s	$37K	$373K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.080%Rate

Funding earned: $199.4
Price spread: −0.080% → +0.010%: −$9.01
Slippage, 4 orders: −$16.25
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $153.13
Costs to cover: 0.373%
Break-even: 1.6 days

Slippage from BloFin: live order book, 24 min ago; edgeX: live order book, 47 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 BloFin live order book, 24 min ago	0.96 bp	7.3 bp −$7	12.1 bp −$121	doesn't fit	doesn't fit
Sell edgeX live order book, 47 min ago	5.36 bp	10.1 bp −$10	14.7 bp −$147	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
Aster MRVLUSDT	0.0000%	8h	260.47	+0.010%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.42	−0.009%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.49	+0.019%	$24.1M	$107.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.27	−0.065%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.41	−0.012%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.43	−0.004%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.46	+0.008%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.32	−0.046%	$717K	$634K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.30	−0.054%	$635	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.59	+0.058%	$868	$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	260.34	−0.038%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.31	−0.051%	$657	$49K	10x	as long as short
BloFin MRVL-USDTlong	+0.0022%	8h	260.44	long leg	$374K	$172K	50x
Lighter MRVL	+0.0032%	1h	260.46	+0.008%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.36	−0.031%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.13	−0.119%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.68	+0.092%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.21	−0.088%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.20	−0.092%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.43	−0.004%	$109	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.19	−0.096%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	260.41	−0.011%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.25	−0.073%	$334K	$633K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.54	+0.038%	$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	260.42	−0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.37	−0.025%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0124%	1h	260.22	−0.085%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.39	−0.019%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.098%	$11K	$705	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0288%	1h	260.38	−0.023%	$23K	$144K	10x	as long as short
edgeX MRVLUSDCshort	+0.0972%	4h	260.23	−0.080%	$37K	$373K	10x