Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.011%

Price spread now: BloFin against Ondo Perps−0.019%95s7-day average +0.057% · you buy dearer than you sell

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

Long on Ondo Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.019%, 7d avg +0.057%

Together, before fees+0.049%+ Points / potential airdropOndo Perps: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.076% cheaper against Ondo Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.057%). Swap the legs. The two prices were read 95 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	Ondo Perps MRVL-USD.P	260.05	0.0050	pay 0.0006% / 1h	25m 30s	$575K	$692K	10x
Short	BloFin MRVL-USDT	260.00	−0.0006	pay 0.0006% / 8h	5h 25m	$376K	$170K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$11.77
Price spread: −0.019% → +0.057%: −$7.59
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$36.37
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 15 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 BloFin live order book, 15 min ago	0.38 bp	8.4 bp −$8	14.9 bp −$149	doesn't fit	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
BloFin MRVL-USDTshort	−0.0006%	8h	260.00	−0.019%	$376K	$170K	50x
Aster MRVLUSDT	0.0000%	8h	260.08	+0.010%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.97	−0.031%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.90	−0.058%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.03	−0.008%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.07	+0.008%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.08	+0.012%	$716K	$654K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.12	+0.027%	$840	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.17	+0.046%	$2K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.02	−0.012%	$23K	$143K	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	260.25	+0.077%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	260.07	+0.009%	$604	$50K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	259.99	−0.023%	$1.1M	$3.7M	10x	as long as short
Binance MRVLUSDT	+0.0029%	8h	260.04	−0.004%	$24.2M	$107.8M	50x	as long as short
Lighter MRVL	+0.0032%	1h	259.98	−0.027%	$94K	$204K	10x	as long as short
Extended MRVL-USD	+0.0032%	1h	259.96	−0.034%	$51K	$353K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.081%	$334K	$630K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.91	−0.054%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.42	+0.142%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.89	−0.062%	$14.5M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.91	−0.054%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.06	+0.004%	$166	$15K	10x	as long as short
Ondo Perps MRVL-USD.Plong	+0.0050%	1h	260.05	long leg	$575K	$692K	10x
Paradex MRVL-USD-PERP	+0.0051%	8h	259.95	−0.040%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.20	+0.058%	$514K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.02	−0.012%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.05	0.000%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.07	+0.007%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0110%	1h	259.94	−0.043%	$89K	$274K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.11	+0.023%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.284%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0890%	4h	260.05	−0.001%	$37K	$370K	10x	as long as short