Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.083%

Price spread now: Polymarket Perps against HTX+0.042%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.487%+$49 on $10k

Price spread, last 3 days (all we have)+0.050%+$5 · spread now +0.042%, 7d avg +0.122%

Together, before fees+0.537%+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.080% cheaper against HTX than usual: you would sell low and buy high (spread +0.042% now, against its 7-day average of +0.122%). If the spread goes back, that is −$8 on $10k: about 5.3 days of funding at the current rate (+$2 a day). At the pace of the last 5 days (+0.487% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRVL-USDT	261.82	0	get 0.0000% / 8h	7h 47m	$132K	$51K	50x
Short	Polymarket Perps MRVL-USD	261.93	0.0050	get 0.0006% / 1h	47m 07s	$105K	$86K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.042%Rate

Funding earned: $10.5
Price spread: +0.042% → +0.122%: −$7.97
Slippage, 4 orders: −$16.23
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$33.7
Costs to cover: 0.362%
Break-even: 29.5 days

Slippage from HTX: live order book, 24 min ago; Polymarket Perps: live order book, 24 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, 24 min ago	0.77 bp	6.8 bp −$7	12.6 bp −$126	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 24 min ago	3.47 bp	8.3 bp −$8	11.0 bp −$110	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
BloFin MRVL-USDT	−0.0026%	8h	262.00	+0.069%	$373K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.92	+0.037%	$316K	$327K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	262.01	+0.073%	$5.2M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	262.09	+0.103%	$7.1M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	262.03	+0.080%	$5.7M	$9.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	262.05	+0.088%	$5.6M	$16.5M	20x	as long as short
SunX MRVL-USDT	0.0000%	8h	262.00	+0.069%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	262.10	+0.107%	$23K	$143K	10x	as long as short
HTX MRVL-USDTlong	0.0000%	8h	261.82	long leg	$132K	$51K	50x
Variational Omni MRVL	+0.0005%	8h	261.21	−0.231%	$724K	$767K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0014%	1h	260.97	−0.323%	$954	$52K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	258.35	−1.325%	$319K	$764K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.88	+0.023%	$1.1M	$4.3M	10x	as long as short
Lighter MRVL	+0.0032%	1h	262.11	+0.111%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.22	−0.229%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	262.41	+0.225%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.92	+0.038%	$14.7M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USDshort	+0.0050%	1h	261.93	+0.042%	$105K	$86K	10x
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.80	−0.008%	$580K	$944K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0056%	8h	261.90	+0.032%	—	—	5x	as long as short
Extended MRVL-USD	+0.0064%	1h	262.00	+0.067%	$52K	$248K	10x	as long as short
Binance MRVLUSDT	+0.0067%	8h	262.06	+0.090%	$24.3M	$114.9M	50x	as long as short
Nado MRVL-PERP	+0.0071%	1h	261.88	+0.024%	$89K	$316K	10x	as long as short
edgeX MRVLUSDC	+0.0100%	4h	261.72	−0.039%	$37K	$370K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.99	+0.065%	$519K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.90	+0.031%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	262.06	+0.092%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.92	+0.038%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0118%	8h	261.98	+0.062%	$299	$221K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.80	−0.008%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.96	+0.435%	$11K	$638	12x	as long as short
SoDEX MRVL-USD	+0.0932%	1h	262.02	+0.076%	$136	$14K	10x	as long as short