Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0972%/8h= −106.4% APRpaid last 24h −0.022%

Price spread now: SunX against edgeX+0.138%7-day average +0.004% · you sell dearer than you buy

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

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$20 on $10k

Price spread, last 4 days (all we have)−0.235%−$24 · spread now +0.138%, 7d avg +0.004%

Together, before fees−0.430%+ Points / potential airdropedgeX: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.133% dearer against edgeX than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.004%): +$13 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.195% in total) that is about 4.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.195% in total (about -10.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MRVLUSDC	260.23	0.0972	pay 0.0486% / 4h	10m 28s	$37K	$373K	10x
Short	SunX MRVL-USDT	260.59	0	get 0.0000% / 8h	4h 10m	$868	$6.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.138%Rate

Funding earned: −$204.06
Price spread: +0.138% → +0.004%: $13.35
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$207.71
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 48 min ago; SunX: live order book, 8 min ago. 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, 48 min ago	5.36 bp	10.2 bp −$10	14.4 bp −$144	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	44.74 bp	doesn't fit	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
Aster MRVLUSDT	0.0000%	8h	260.46	+0.089%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.43	+0.075%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.58	+0.136%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.38	+0.057%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.49	+0.099%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.52	+0.111%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.50	+0.103%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.44	+0.079%	$717K	$633K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.30	+0.026%	$635	$189K	10x	as long as short
SunX MRVL-USDTshort	0.0000%	8h	260.59	+0.138%	$868	$6.1M	10x

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	+0.042%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.36	+0.051%	$604	$49K	10x	as long as short
BloFin MRVL-USDT	+0.0022%	8h	260.44	+0.080%	$374K	$172K	50x	as long as short
Lighter MRVL	+0.0032%	1h	260.42	+0.072%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.51	+0.107%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.18	−0.020%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.83	+0.230%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.32	+0.034%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.35	+0.046%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.43	+0.076%	$109	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.19	−0.016%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	260.42	+0.072%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.25	+0.007%	$334K	$633K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.58	+0.134%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.39	+0.061%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.48	+0.096%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.37	+0.055%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0127%	1h	260.28	+0.020%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.39	+0.061%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.179%	$11K	$705	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0288%	1h	260.38	+0.057%	$23K	$144K	10x	as long as short
edgeX MRVLUSDClong	+0.0972%	4h	260.23	long leg	$37K	$373K	10x