Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Bybit+0.023%109s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as 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−$960.964% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.200%+$20 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.023%, 7d avg +0.028%

Together, before fees+0.108%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 109 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	Bybit MRVLUSDT	260.33	0	get 0.0000% / 8h	4h 09m	$5.1M	$3.8M	50x
Short	ApeX Omni MRVLUSDT	260.39	0.0100	get 0.0013% / 1h	9m 39s	$4K	$141K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.023%Rate

Funding earned: $21
Price spread: +0.023% → +0.028%: −$0.53
Slippage, 4 orders: −$75.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$75.98
Costs to cover: 0.964%
Break-even: 32.3 days

Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 46 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 Bybit live order book, 3 min ago	1.35 bp	10.3 bp −$10	23.5 bp −$235	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 46 min ago	23.36 bp	33.7 bp −$34	202.3 bp −$2,023	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	260.51	+0.071%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.47	+0.053%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.46	+0.050%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDTlong	0.0000%	8h	260.33	long leg	$5.1M	$3.8M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	260.46	+0.050%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.52	+0.073%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.47	+0.054%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.44	+0.041%	$717K	$633K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.30	−0.012%	$635	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.48	+0.058%	$867	$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	+0.004%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.36	+0.013%	$604	$49K	10x	as long as short
BloFin MRVL-USDT	+0.0022%	8h	260.44	+0.042%	$374K	$172K	50x	as long as short
Lighter MRVL	+0.0032%	1h	260.40	+0.027%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.51	+0.069%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.20	−0.050%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.83	+0.192%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.23	−0.038%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.35	+0.008%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.50	+0.065%	$104	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.19	−0.054%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	260.35	+0.008%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.25	−0.031%	$334K	$633K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.59	+0.100%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDTshort	+0.0100%	1h	260.39	+0.023%	$4K	$141K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.48	+0.058%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.44	+0.041%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0127%	1h	260.28	−0.018%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.39	+0.023%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.141%	$11K	$705	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0480%	1h	260.46	+0.050%	$23K	$144K	10x	as long as short
edgeX MRVLUSDC	+0.0972%	4h	260.23	−0.038%	$37K	$373K	10x	as long as short