Funding you earn now, next payment 01:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h —
Price spread now: Paradex against Phoenix−0.150%106s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.150% cheaper against Phoenix than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 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 | Phoenix MRVL | 260.19 | 0.0153 | pay 0.0019% / 1h | 37m 32s | $11K | $12K | 10x |
| Short | Paradex MRVL-USD-PERP | 259.80 | 0.0052 | get 0.0052% / 8h | 6h 37m | — | — | 5x |
Phoenix MRVL
Paradex MRVL-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21.31
- Price spread: −0.150% → 0.000%
- −$14.97
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$47.27
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Paradex: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Paradex no order-book sample | — | — | — | — | — |
Phoenix and Paradex: 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 | −0.0023% | 8h | 260.60 | +0.158% | $378K | $171K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 259.88 | −0.118% | $312K | $329K | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 259.71 | −0.184% | $5.1M | $3.9M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 259.62 | −0.219% | $7.0M | $22.0M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 259.83 | −0.138% | $5.6M | $8.7M | 50x | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 259.91 | −0.107% | $982 | $194K | 10x | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 259.89 | −0.115% | $1K | $6.5M | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 259.61 | −0.223% | $22K | $143K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 259.86 | −0.127% | $131K | $41K | 50x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0008% | 1h | 260.67 | +0.184% | $335K | $640K | 10x | as long as short |
BloFin MRVL-USDT
Aster MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
GRVT MRVL_USDT_Perp
SunX MRVL-USDT
Deribit MRVL_USDC-PERPETUAL
HTX MRVL-USDT
Coinbase International MRVL-PERP-INTXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps MRVLUSD | +0.0012% | 1h | 260.04 | −0.058% | $883 | $51K | 10x | as long as short |
| QFEX MRVL-USD | +0.0023% | 1h | 259.72 | −0.181% | $1.1M | $3.9M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 259.87 | −0.123% | $95K | $205K | 10x | as long as short |
| Variational Omni MRVL | +0.0038% | 8h | 260.25 | +0.023% | $722K | $655K | — | as long as short |
| Bitget MRVLUSDT | +0.0038% | 8h | 259.81 | −0.146% | $5.6M | $16.3M | 20x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 259.75 | −0.169% | $25K | $26K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 260.10 | −0.035% | — | $43K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 259.76 | −0.165% | $14.7M | $8.3M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 259.64 | −0.211% | $104K | $77K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 259.72 | −0.181% | $83 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 260.12 | −0.027% | $567K | $693K | 10x | as long as short |
| Paradex MRVL-USD-PERPshort | +0.0052% | 8h | 259.80 | −0.150% | — | — | 5x | |
| Nado MRVL-PERP | +0.0078% | 1h | 259.48 | −0.272% | $89K | $319K | 10x | as long as short |
| Extended MRVL-USD | +0.0088% | 1h | 259.80 | −0.151% | $47K | $347K | 10x | as long as short |
| Binance MRVLUSDT | +0.0089% | 8h | 259.77 | −0.161% | $24.1M | $110.4M | 50x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 259.97 | −0.085% | $514K | $64K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 259.91 | −0.108% | $4K | $141K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 259.76 | −0.165% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 259.72 | −0.182% | $18 | — | 10x | as long as short |
| Phoenix MRVLlong | +0.0153% | 1h | 260.19 | long leg | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 263.37 | +1.222% | $11K | $676 | 12x | as long as short |
| edgeX MRVLUSDC | +0.0924% | 4h | 259.80 | −0.150% | $37K | $370K | 10x | as long as short |
Aftermath Perps MRVLUSD
QFEX MRVL-USD
Lighter MRVL
Variational Omni MRVL
Bitget MRVLUSDT
Arcus MRVL-USD
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Nado MRVL-PERP
Extended MRVL-USD
Binance MRVLUSDT
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Injective MRVL/USDC PERP
edgeX MRVLUSDC