Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0159%/8h= +17.5% APRpaid last 24h —

Price spread now: Phoenix against Paradex−0.063%46s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.063% cheaper against Paradex than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 32 hours of funding at the current rate (+$5 a day). The two prices were read 46 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	Paradex MRVL-USD-PERP	261.96	0.0056	pay 0.0056% / 8h	7h 46m	—	—	5x
Short	Phoenix MRVL	261.80	0.0216	get 0.0027% / 1h	46m 10s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Paradex. 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 ParadexbpFee PhoenixbpOrdersPrice spread, now −0.063%Rate

Funding earned: $33.48
Price spread: −0.063% → 0.000%: −$6.29
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $16.2
Costs to cover: 0.110%
Break-even: 3.6 days

Slippage unknown: Paradex: no order-book sample; Phoenix: 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 Paradex no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Paradex and Phoenix: 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-USDT	−0.0026%	8h	262.00	+0.013%	$373K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.62	−0.133%	$316K	$327K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.45	−0.196%	$5.2M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.43	−0.204%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.59	−0.143%	$5.7M	$9.4M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.74	−0.086%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.48	−0.185%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.82	−0.055%	$132K	$51K	50x	as long as short
Variational Omni MRVL	+0.0010%	8h	261.86	−0.038%	$727K	$766K	—	as long as short
Bitget MRVLUSDT	+0.0014%	8h	261.45	−0.196%	$5.6M	$16.5M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0014%	1h	261.11	−0.325%	$999	$52K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	258.35	−1.380%	$319K	$764K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.83	−0.051%	$1.1M	$4.3M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.41	−0.212%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.40	−0.216%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	262.25	+0.109%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.49	−0.181%	$14.7M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.80	−0.063%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.71	−0.097%	$580K	$947K	10x	as long as short
Paradex MRVL-USD-PERPlong	+0.0056%	8h	261.96	long leg	—	—	5x
Extended MRVL-USD	+0.0064%	1h	261.55	−0.159%	$49K	$252K	10x	as long as short
Binance MRVLUSDT	+0.0067%	8h	261.50	−0.176%	$24.2M	$114.9M	50x	as long as short
Nado MRVL-PERP	+0.0068%	1h	261.82	−0.054%	$88K	$316K	10x	as long as short
edgeX MRVLUSDC	+0.0100%	4h	261.72	−0.094%	$37K	$370K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.59	−0.143%	$519K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.90	−0.025%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.61	−0.135%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.55	−0.158%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0118%	8h	261.98	+0.007%	$299	$221K	10x	as long as short
Phoenix MRVLshort	+0.0216%	1h	261.80	−0.063%	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	262.96	+0.380%	$11K	$638	12x	as long as short
SoDEX MRVL-USD	+0.0881%	1h	261.40	−0.216%	$136	$14K	10x	as long as short