Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against OKX+0.100%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$890.890% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.100%, 7d avg +0.008%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.092% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRVL-USDT-SWAP	260.71	0	get 0.0000% / 8h	4h 34m	$7.0M	$22.3M	50x
Short	ApeX Omni MRVLUSDT	260.97	0.0100	get 0.0013% / 1h	34m 54s	$4K	$141K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.100%Rate

Funding earned: $21
Price spread: +0.100% → +0.008%: $9.16
Slippage, 4 orders: −$69.03
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$58.87
Costs to cover: 0.890%
Break-even: 26.6 days

Slippage from OKX: live order book, 4 min ago; ApeX Omni: live order book, 21 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 OKX live order book, 4 min ago	0.19 bp	6.5 bp −$6	14.9 bp −$149	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 21 min ago	23.36 bp	33.7 bp −$34	202.3 bp −$2,023	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	260.83	+0.046%	$313K	$330K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.71	+0.001%	$47K	$349K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.76	+0.021%	$24.3M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.71	0.000%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAPlong	0.0000%	8h	260.71	long leg	$7.0M	$22.3M	50x
Gate MRVL_USDT	0.0000%	8h	260.78	+0.027%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.77	+0.023%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.83	+0.046%	$718K	$640K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.89	+0.068%	$355	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.77	+0.023%	$1K	$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
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.71	0.000%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.89	+0.069%	$132K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0004%	8h	260.70	−0.004%	$374K	$172K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	260.78	+0.028%	$605	$49K	10x	as long as short
edgeX MRVLUSDC	+0.0021%	4h	260.86	+0.059%	$37K	$371K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.76	+0.019%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.77	+0.023%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.65	−0.023%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.20	+0.188%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.62	−0.035%	$14.5M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.60	−0.042%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.72	+0.004%	$120	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.57	−0.054%	$576K	$680K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	260.74	+0.013%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.334%	$334K	$629K	10x	as long as short
Nado MRVL-PERP	+0.0091%	1h	260.70	−0.003%	$89K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.92	+0.081%	$515K	$60K	20x	as long as short
ApeX Omni MRVLUSDTshort	+0.0100%	1h	260.97	+0.100%	$4K	$141K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.78	+0.027%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.71	+0.001%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.99	+0.107%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.69	+1.143%	$11K	$700	12x	as long as short