Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0522%/8h= +57.1% APRpaid last 24h +0.054%

Price spread now: edgeX against HTX−0.033%77s7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as 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−$390.393% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.033%, 7d avg +0.031%

Together, before fees+0.264%+ Points / potential airdropedgeX: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.064% cheaper against HTX than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.031%). If the spread goes back, that is −$6 on $10k: about 10 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.183% in total) that is about 2.4 days. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.183% in total (about 9.5% 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	HTX MRVL-USDT	255.23	0	get 0.0000% / 8h	7m 53s	$131K	$47K	50x
Short	edgeX MRVLUSDC	255.15	0.0522	get 0.0261% / 4h	7m 53s	$36K	$373K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against HTX. 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 HTXbpFee edgeXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $109.57
Price spread: −0.033% → +0.031%: −$6.37
Slippage, 4 orders: −$18.34
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $63.86
Costs to cover: 0.393%
Break-even: 2.9 days

Slippage from HTX: live order book, 28 min ago; edgeX: live order book, 31 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 HTX live order book, 28 min ago	2.93 bp	9.7 bp −$10	18.5 bp −$185	doesn't fit	doesn't fit
Sell edgeX live order book, 31 min ago	5.48 bp	10.3 bp −$10	14.9 bp −$149	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
Bitget MRVLUSDT	−0.0516%	8h	255.30	+0.027%	$5.5M	$17.2M	20x	as long as short
Deribit MRVL_USDC-PERPETUAL	−0.0455%	1h	255.11	−0.047%	$22K	$145K	10x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.27	+0.016%	$335K	$652K	10x	as long as short
BloFin MRVL-USDT	−0.0001%	8h	255.23	0.000%	$365K	$188K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.27	+0.017%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.13	−0.039%	$50K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.16	−0.026%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.22	−0.004%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.05	−0.071%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.18	−0.020%	$5.1M	$8.7M	50x	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	0.0000%	8h	255.09	−0.054%	$714K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.14	−0.035%	$967	$187K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.15	−0.031%	$1K	$5.9M	10x	as long as short
HTX MRVL-USDTlong	0.0000%	8h	255.23	long leg	$131K	$47K	50x
Aftermath Perps MRVLUSD	+0.0016%	1h	255.12	−0.043%	$751	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.20	−0.012%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.24	+0.004%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.00	−0.090%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.53	+0.118%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.14	−0.035%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.14	−0.035%	$99K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.16	−0.027%	$168	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.18	−0.020%	$532K	$848K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.20	−0.012%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0060%	1h	255.30	+0.028%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.09	−0.055%	$504K	$74K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.11	−0.047%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.26	+0.012%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.23	0.000%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.31	+0.031%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.093%	$11K	$827	12x	as long as short
edgeX MRVLUSDCshort	+0.0522%	4h	255.15	−0.033%	$36K	$373K	10x