Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.020%

Price spread now: Aftermath Perps against Orderly−0.042%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aftermath Perps is 0.042% cheaper against Orderly than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MRVL_USDC_mythos	260.63	0.0100	pay 0.0100% / 8h	5h 52m	$2K	$3K	10x
Short	Aftermath Perps MRVLUSD	260.52	0.0014	get 0.0002% / 1h	52m 06s	$885	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Orderly. 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 OrderlybpFee Aftermath PerpsbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$18.02
Price spread: −0.042% → 0.000%: −$4.15
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$37.17
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aftermath Perps: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Orderly and Aftermath 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 31 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	260.49	−0.052%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.58	−0.019%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.57	−0.023%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.64	+0.004%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.64	+0.004%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.75	+0.047%	$716K	$656K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.78	+0.058%	$472	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.62	−0.004%	$2K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.77	+0.054%	$132K	$41K	50x	as long as short
Aftermath Perps MRVLUSDshort	+0.0014%	1h	260.52	−0.042%	$885	$50K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0026%	1h	260.67	+0.015%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.55	−0.031%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−0.176%	$335K	$631K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.40	−0.088%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0045%	8h	260.64	+0.004%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.98	+0.134%	—	$45K	25x	as long as short
Extended MRVL-USD	+0.0048%	1h	260.54	−0.034%	$51K	$356K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.50	−0.050%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.56	−0.027%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.55	−0.031%	$135	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.51	−0.046%	$575K	$677K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.56	−0.028%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.80	+0.065%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.50	−0.050%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythoslong	+0.0100%	8h	260.63	long leg	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	260.59	−0.016%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0172%	1h	260.53	−0.038%	$23K	$143K	10x	as long as short
Nado MRVL-PERP	+0.0178%	1h	260.47	−0.062%	$89K	$273K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.48	−0.058%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+0.917%	$11K	$680	12x	as long as short
edgeX MRVLUSDC	+0.0817%	4h	260.80	+0.065%	$37K	$370K	10x	as long as short