Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h +0.054%

Price spread now: edgeX against OKX+0.081%81s7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as 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−$380.383% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.081%, 7d avg +0.017%

Together, before fees+0.163%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and edgeX is 0.064% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.017%. The two prices were read 81 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	OKX MRVL-USDT-SWAP	255.42	0	get 0.0000% / 8h	32m 18s	$6.8M	$24.6M	50x
Short	edgeX MRVLUSDC	255.63	0.0187	get 0.0094% / 4h	32m 18s	$36K	$374K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.081%Rate

Funding earned: $39.33
Price spread: +0.081% → +0.017%: $6.41
Slippage, 4 orders: −$19.29
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $7.45
Costs to cover: 0.383%
Break-even: 5.7 days

Slippage from OKX: live order book, 1 min ago; edgeX: live order book, 6 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, 1 min ago	0.20 bp	9.6 bp −$10	18.8 bp −$188	doesn't fit	doesn't fit
Sell edgeX live order book, 6 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	−0.0518%	8h	255.55	+0.051%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.58	+0.063%	$336K	$654K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.37	−0.021%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.33	−0.034%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.40	−0.006%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.32	−0.039%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAPlong	0.0000%	8h	255.42	long leg	$6.8M	$24.6M	50x
Gate MRVL_USDT	0.0000%	8h	255.43	+0.004%	$5.1M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.45	+0.010%	$716K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.73	+0.120%	$391	$189K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	255.44	+0.008%	$2K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.34	−0.031%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.49	+0.027%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	255.42	+0.001%	$780	$46K	10x	as long as short
BloFin MRVL-USDT	+0.0023%	8h	255.64	+0.086%	$365K	$188K	50x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.43	+0.004%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.37	−0.020%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.32	−0.039%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.67	+0.098%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.27	−0.059%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.20	−0.086%	$99K	$86K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.37	−0.020%	$220	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.21	−0.082%	$533K	$859K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.31	−0.042%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0059%	1h	255.33	−0.036%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.40	−0.008%	$505K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.70	+0.110%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.37	−0.020%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.35	−0.027%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.50	+0.031%	$11K	$12K	10x	as long as short
edgeX MRVLUSDCshort	+0.0187%	4h	255.63	+0.081%	$36K	$374K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	258.27	+1.116%	$11K	$825	12x	as long as short