Funding you earn now, next payment 01:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h +0.049%
Price spread now: Phoenix against Bybit+0.324%75s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 +$5 a day on $10k at the current rate, and Phoenix is 0.324% dearer against Bybit than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 75 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 | 259.35 | 0 | get 0.0000% / 8h | 6h 36m | $5.1M | $3.9M | 50x |
| Short | Phoenix MRVL | 260.19 | 0.0153 | get 0.0019% / 1h | 36m 14s | $11K | $12K | 10x |
Bybit MRVLUSDT
Phoenix MRVLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $32.12
- Price spread: +0.324% → 0.000%
- $32.39
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $46.51
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 min ago; Phoenix: 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 Bybit live order book, 2 min ago | 1.35 bp | 12.8 bp −$13 | 35.1 bp −$351 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRVL-USDT | −0.0023% | 8h | 260.60 | +0.482% | $378K | $171K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 259.54 | +0.073% | $312K | $329K | 50x | as long as short |
| Bybit MRVLUSDTlong | 0.0000% | 8h | 259.35 | long leg | $5.1M | $3.9M | 50x | |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 259.49 | +0.054% | $7.0M | $22.0M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 259.48 | +0.050% | $5.6M | $8.7M | 50x | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 259.91 | +0.216% | $982 | $194K | 10x | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 259.57 | +0.085% | $1K | $6.4M | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 259.39 | +0.015% | $22K | $143K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 259.86 | +0.197% | $131K | $41K | 50x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0008% | 1h | 259.18 | −0.066% | $333K | $636K | 10x | as long as short |
BloFin MRVL-USDT
Aster MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
GRVT MRVL_USDT_Perp
SunX MRVL-USDT
Deribit MRVL_USDC-PERPETUAL
HTX MRVL-USDT
Coinbase International MRVL-PERP-INTXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps MRVLUSD | +0.0013% | 1h | 259.84 | +0.189% | $920 | $51K | 10x | as long as short |
| Bitget MRVLUSDT | +0.0020% | 8h | 259.51 | +0.062% | $5.6M | $16.3M | 20x | as long as short |
| QFEX MRVL-USD | +0.0023% | 1h | 259.37 | +0.008% | $1.1M | $3.9M | 10x | as long as short |
| Variational Omni MRVL | +0.0028% | 8h | 259.48 | +0.052% | $721K | $655K | — | as long as short |
| Lighter MRVL | +0.0032% | 1h | 259.44 | +0.035% | $95K | $205K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 259.59 | +0.093% | $25K | $26K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 259.79 | +0.170% | — | $43K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 259.31 | −0.015% | $14.6M | $8.3M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 259.43 | +0.031% | $104K | $77K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 259.45 | +0.039% | $88 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 259.26 | −0.035% | $566K | $691K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0051% | 8h | 259.36 | +0.003% | — | — | 5x | as long as short |
| Nado MRVL-PERP | +0.0078% | 1h | 259.34 | −0.002% | $89K | $319K | 10x | as long as short |
| Binance MRVLUSDT | +0.0087% | 8h | 259.50 | +0.056% | $24.1M | $110.4M | 50x | as long as short |
| Extended MRVL-USD | +0.0088% | 1h | 259.43 | +0.031% | $47K | $347K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 259.61 | +0.100% | $513K | $64K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 259.91 | +0.216% | $4K | $141K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 259.51 | +0.062% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 259.49 | +0.053% | $18 | — | 10x | as long as short |
| Phoenix MRVLshort | +0.0153% | 1h | 260.19 | +0.324% | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 263.37 | +1.550% | $11K | $676 | 12x | as long as short |
| edgeX MRVLUSDC | +0.0924% | 4h | 259.80 | +0.174% | $37K | $370K | 10x | as long as short |
Aftermath Perps MRVLUSD
Bitget MRVLUSDT
QFEX MRVL-USD
Variational Omni MRVL
Lighter MRVL
Arcus MRVL-USD
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
Nado MRVL-PERP
Binance MRVLUSDT
Extended MRVL-USD
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Injective MRVL/USDC PERP
edgeX MRVLUSDC