Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.056%

Price spread now: Polymarket Perps against OKX−0.004%7-day average +0.099% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.455%+$46 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.004%, 7d avg +0.099%

Together, before fees+0.534%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.103% cheaper against OKX than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.099%). If the spread goes back, that is −$10 on $10k: about 6.9 days of funding at the current rate (+$2 a day). At the pace of the last 6 days (+0.455% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRVL-USDT-SWAP	255.60	0	get 0.0000% / 8h	3h 05m	$6.8M	$22.8M	50x
Short	Polymarket Perps MRVL-USD	255.59	0.0050	get 0.0006% / 1h	5m 26s	$101K	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.004%Rate

Funding earned: $10.5
Price spread: −0.004% → +0.099%: −$10.28
Slippage, 4 orders: −$11.83
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$29.61
Costs to cover: 0.298%
Break-even: 26.7 days

Slippage from OKX: live order book, 3 min ago; Polymarket Perps: live order book, 46 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, 3 min ago	0.20 bp	8.4 bp −$8	16.3 bp −$163	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 46 min ago	2.52 bp	8.8 bp −$9	9.5 bp −$95	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	−0.0474%	8h	255.84	+0.094%	$5.5M	$16.4M	20x	as long as short
BloFin MRVL-USDT	−0.0008%	8h	255.27	−0.129%	$367K	$174K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.78	+0.070%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.62	+0.007%	$49K	$269K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.71	+0.044%	$23.5M	$110.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.58	−0.008%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAPlong	0.0000%	8h	255.60	long leg	$6.8M	$22.8M	50x
Gate MRVL_USDT	0.0000%	8h	255.59	−0.004%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.96	+0.141%	$710K	$502K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.39	−0.082%	$243	$191K	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	256.01	+0.160%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.01	+0.160%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.46	−0.055%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	255.60	+0.002%	$627	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.66	+0.023%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.69	+0.035%	$88K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.42	−0.070%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.95	+0.137%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.60	0.000%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USDshort	+0.0050%	1h	255.59	−0.004%	$101K	$80K	10x
SoDEX MRVL-USD	+0.0050%	1h	255.77	+0.067%	$133	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.69	+0.035%	$547K	$727K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.65	+0.018%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0087%	4h	255.33	−0.105%	$36K	$372K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.30	−0.117%	$321K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0094%	1h	255.67	+0.026%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.74	+0.055%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.01	+0.160%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.97	+0.144%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0111%	8h	255.89	+0.113%	$506K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	255.88	+0.110%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.367%	$11K	$734	12x	as long as short