Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.061%

Price spread now: Bitget against Injective−1.124%71s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 1.124% cheaper against Injective than usual: you would sell low and buy high (−$112 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MRVL/USDC PERP	263.30	0.0220	pay 0.0028% / 1h	14m 04s	$11K	$705	12x
Short	Bitget MRVLUSDT	260.34	0	get 0.0000% / 8h	4h 14m	$5.6M	$16.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −1.124%Rate

Funding earned: −$46.2
Price spread: −1.124% → 0.000%: −$112.42
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$170.64
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 5 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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	1.15 bp	10.4 bp −$10	14.0 bp −$140	21.9 bp −$2,195	81.5 bp −$40.8K

Injective: 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 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	260.32	−1.133%	$312K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.24	−1.161%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.31	−1.136%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.15	−1.196%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.25	−1.158%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.29	−1.143%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDTshort	0.0000%	8h	260.34	−1.124%	$5.6M	$16.0M	20x
Variational Omni MRVL	0.0000%	8h	260.32	−1.132%	$717K	$634K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.44	−1.085%	$649	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.37	−1.113%	$961	$6.1M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	260.36	−1.117%	$131K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0008%	8h	260.16	−1.193%	$374K	$171K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	260.23	−1.165%	$657	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.27	−1.151%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.27	−1.151%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.13	−1.204%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.66	−1.003%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.14	−1.200%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.14	−1.200%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.25	−1.158%	$109	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.26	−1.155%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	260.18	−1.183%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.34	−1.124%	$334K	$626K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.47	−1.075%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.53	−1.052%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.32	−1.132%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.21	−1.172%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0123%	1h	260.13	−1.205%	$89K	$272K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0134%	1h	260.21	−1.174%	$23K	$144K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.31	−1.136%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERPlong	+0.0220%	1h	263.30	long leg	$11K	$705	12x
edgeX MRVLUSDC	+0.0712%	4h	260.31	−1.134%	$37K	$373K	10x	as long as short