Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.011%

Price spread now: tradeXYZ against BloFin−0.054%108s7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as 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−$390.393% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.226%+$23 · spread now −0.054%, 7d avg −0.052%

Together, before fees+0.241%+ Points / potential airdroptradeXYZ: Active · farm board+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 108 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	BloFin MRVL-USDT	261.11	−0.0010	get 0.0010% / 8h	4h 59m	$375K	$171K	50x
Short	tradeXYZ xyz:MRVL	260.97	0.0050	get 0.0006% / 1h	59m 27s	$14.6M	$8.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.054%Rate

Funding earned: $12.64
Price spread: −0.054% → −0.052%: −$0.18
Slippage, 4 orders: −$9.35
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$26.88
Costs to cover: 0.393%
Break-even: 21.9 days

Slippage from BloFin: live order book, 41 min ago; tradeXYZ: live order book, 10 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, 41 min ago	0.38 bp	8.1 bp −$8	11.6 bp −$116	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.96 bp	11.6 bp −$12	15.1 bp −$151	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-USDTlong	−0.0010%	8h	261.11	long leg	$375K	$171K	50x
Aster MRVLUSDT	0.0000%	8h	261.07	−0.014%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.07	−0.015%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.20	+0.034%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.24	+0.050%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	261.18	+0.027%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	261.16	+0.020%	$719K	$648K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.23	+0.047%	$376	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.10	−0.004%	$2K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.98	−0.050%	$132K	$41K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0018%	1h	261.06	−0.018%	$606	$50K	10x	as long as short
Extended MRVL-USD	+0.0024%	1h	261.13	+0.006%	$47K	$350K	10x	as long as short
Binance MRVLUSDT	+0.0024%	8h	261.14	+0.011%	$24.3M	$107.7M	50x	as long as short
QFEX MRVL-USD	+0.0026%	1h	261.15	+0.015%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.25	+0.054%	$94K	$200K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.486%	$334K	$630K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.90	−0.080%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.46	+0.134%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVLshort	+0.0050%	1h	260.97	−0.054%	$14.6M	$8.4M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	260.98	−0.050%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.16	+0.019%	$136	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.88	−0.088%	$577K	$681K	10x	as long as short
Nado MRVL-PERP	+0.0053%	1h	260.99	−0.047%	$89K	$274K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	261.16	+0.020%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.07	−0.015%	$516K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.16	+0.019%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.03	−0.031%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.03	−0.030%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0133%	1h	261.03	−0.031%	$23K	$144K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	261.08	−0.011%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+0.873%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0507%	4h	261.16	+0.017%	$37K	$372K	10x	as long as short