Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0361%/8h= −39.6% APRpaid last 24h −0.010%

Price spread now: Bitget against Ondo Perps+0.102%7-day average +0.082% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.102%, 7d avg +0.082%

Together, before fees−0.005%+ Points / potential airdropOndo Perps: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.082%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MRVL-USD.P	255.95	0.0050	pay 0.0006% / 1h	14m 18s	$549K	$752K	10x
Short	Bitget MRVLUSDT	256.21	−0.0311	pay 0.0311% / 8h	3h 14m	$5.5M	$16.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Ondo Perps. 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 Ondo PerpsbpFee BitgetbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$75.89
Price spread: +0.102% → +0.082%: $1.97
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$90.93
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 4 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	1.76 bp	10.6 bp −$11	14.9 bp −$149	24.4 bp −$2,436	doesn't fit

Ondo Perps: 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
Bitget MRVLUSDTshort	−0.0311%	8h	256.21	+0.102%	$5.5M	$16.4M	20x
BloFin MRVL-USDT	−0.0022%	8h	256.02	+0.027%	$368K	$174K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.12	+0.068%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.01	+0.025%	$49K	$346K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.11	+0.062%	$23.5M	$109.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.99	+0.016%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.12	+0.066%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.16	+0.082%	$5.5M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.39	+0.170%	$711K	$630K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.19	+0.093%	$602	$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	256.36	+0.160%	$2K	$6.0M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.91	−0.016%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	256.04	+0.034%	$594	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.12	+0.066%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.93	−0.008%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.93	−0.008%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.37	+0.164%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.96	+0.004%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.96	+0.004%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.13	+0.070%	$174	$15K	10x	as long as short
Ondo Perps MRVL-USD.Plong	+0.0050%	1h	255.95	long leg	$549K	$752K	10x
Paradex MRVL-USD-PERP	+0.0051%	8h	255.90	−0.018%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.56	−0.152%	$322K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0098%	1h	256.07	+0.047%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.36	+0.160%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.98	+0.012%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.02	+0.028%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0112%	8h	256.23	+0.109%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	256.05	+0.039%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.227%	$11K	$734	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0336%	1h	256.04	+0.035%	$22K	$144K	10x	as long as short
edgeX MRVLUSDC	+0.0550%	4h	256.06	+0.043%	$36K	$374K	10x	as long as short