Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0182%/8h= −19.9% APRpaid last 24h +0.034%

Price spread now: Aster against edgeX−0.176%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 3 days (all we have)+0.141%+$14 · spread now −0.176%, 7d avg −0.009%

Together, before fees−0.019%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aster is 0.167% cheaper against edgeX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MRVLUSDC	261.91	0.0182	pay 0.0091% / 4h	3h 25m	$37K	$368K	10x
Short	Aster MRVLUSDT	261.44	0	get 0.0000% / 8h	7h 25m	$315K	$328K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now −0.176%Rate

Funding earned: −$38.25
Price spread: −0.176% → −0.009%: −$16.71
Slippage, 4 orders: −$44.85
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$116.81
Costs to cover: 0.619%
Break-even: never at this rate

Slippage from edgeX: live order book, 48 min ago; Aster: 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 edgeX live order book, 48 min ago	5.40 bp	10.1 bp −$10	14.6 bp −$146	doesn't fit	doesn't fit
Sell Aster live order book, 47 min ago	2.89 bp	21.3 bp −$21	doesn't fit	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
Deribit MRVL_USDC-PERPETUAL	−0.0018%	1h	261.34	−0.216%	$23K	$143K	10x	as long as short
Aster MRVLUSDTshort	0.0000%	8h	261.44	−0.176%	$315K	$328K	50x
Bybit MRVLUSDT	0.0000%	8h	261.43	−0.181%	$5.2M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.49	−0.158%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.49	−0.158%	$5.6M	$9.5M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.51	−0.151%	$1K	$6.6M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.68	−0.086%	$132K	$45K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	261.39	−0.197%	$943	$52K	10x	as long as short
BloFin MRVL-USDT	+0.0020%	8h	261.50	−0.155%	$375K	$171K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.472%	$335K	$764K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRVL	+0.0026%	8h	261.63	−0.106%	$726K	$765K	—	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.47	−0.166%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.55	−0.136%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.36	−0.208%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	262.04	+0.052%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.43	−0.181%	$14.9M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.52	−0.147%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.78	−0.048%	$575K	$946K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	261.61	−0.111%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0073%	1h	261.60	−0.117%	$89K	$319K	10x	as long as short
Extended MRVL-USD	+0.0080%	1h	261.47	−0.166%	$47K	$347K	10x	as long as short
Binance MRVLUSDT	+0.0082%	8h	261.57	−0.127%	$24.2M	$114.7M	50x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.57	−0.128%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.66	−0.094%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.50	−0.155%	$2K	$3K	10x	as long as short
SoDEX MRVL-USD	+0.0104%	1h	261.49	−0.158%	$126	$15K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.47	−0.166%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0125%	8h	262.04	+0.053%	$231	$204K	10x	as long as short
edgeX MRVLUSDClong	+0.0182%	4h	261.91	long leg	$37K	$368K	10x
Bitget MRVLUSDT	+0.0193%	8h	261.52	−0.147%	$5.6M	$16.5M	20x	as long as short
Phoenix MRVL	+0.0216%	1h	261.89	−0.006%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.77	+0.712%	$11K	$658	12x	as long as short