Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0689%/8h= −75.5% APRpaid last 24h −0.110%

Price spread now: Ondo Perps against edgeX+0.018%7-day average −0.069% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.018%, 7d avg −0.069%

Together, before fees−0.183%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.087% dearer against edgeX than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.069%): +$9 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.045% in total) that is about 14 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MRVLUSDC	254.39	0.0740	pay 0.0370% / 4h	7m 26s	$36K	$374K	10x
Short	Ondo Perps MRVL-USD.P	254.44	0.0050	get 0.0006% / 1h	7m 26s	$543K	$850K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$144.77
Price spread: +0.018% → −0.069%: $8.72
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$150.05
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 34 min ago; Ondo Perps: 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 edgeX live order book, 34 min ago	5.48 bp	10.3 bp −$10	14.7 bp −$147	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 exchanges

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	−0.0004%	8h	254.32	−0.029%	$332K	$206K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.27	−0.050%	$300K	$334K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.22	−0.067%	$46K	$353K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.32	−0.028%	$23.8M	$121.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.20	−0.077%	$4.9M	$4.3M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.20	−0.077%	$6.9M	$25.9M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.26	−0.053%	$4.9M	$8.5M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	254.35	−0.018%	$5.5M	$19.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	254.55	+0.059%	$708K	$191K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.63	+0.094%	$657	$177K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	254.27	−0.049%	$1K	$5.0M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.48	+0.033%	$131K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0005%	1h	254.37	−0.011%	$1K	$41K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0025%	1h	254.22	−0.069%	$22K	$145K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	254.18	−0.084%	$1.2M	$3.4M	10x	as long as short
Lighter MRVL	+0.0032%	1h	253.99	−0.159%	$104K	$183K	10x	as long as short
Injective MRVL/USDC PERP	+0.0033%	1h	259.12	+1.857%	$11K	$820	12x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.08	−0.124%	$22K	$18K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.44	+0.018%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.09	−0.120%	$14.0M	$9.0M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.22	−0.069%	$168	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	254.44	+0.018%	$543K	$850K	10x
Paradex MRVL-USD-PERP	+0.0053%	8h	254.19	−0.082%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.34	−0.022%	$503K	$353K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.50	+0.041%	$4K	$145K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.24	−0.061%	$2K	$2K	10x	as long as short
Nado MRVL-PERP	+0.0100%	1h	254.22	−0.070%	$87K	$275K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.16	−0.092%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	254.27	−0.049%	$11K	$13K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0160%	1h	254.77	+0.147%	$317K	$412K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0232%	1h	254.48	+0.033%	$53K	$151K	10x	as long as short
edgeX MRVLUSDClong	+0.0740%	4h	254.39	long leg	$36K	$374K	10x