MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h −0.011%

Price spread now: Polymarket Perps against Phoenix−0.070%59s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 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 −$2 a day on $10k at the current rate, and Polymarket Perps is 0.070% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 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	255.57	0.0125	pay 0.0016% / 1h	34m 16s	$11K	$12K	10x
Short	Polymarket Perps MRVL-USD	255.39	0.0050	get 0.0006% / 1h	34m 16s	$99K	$86K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Phoenix. 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 PhoenixbpFee Polymarket PerpsbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$15.8
Price spread: −0.070% → 0.000%: −$7.04
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$37.84
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Polymarket Perps: live order book, 67 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 Phoenix no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 67 min ago	2.75 bp	8.0 bp −$8	9.2 bp −$92	doesn't fit	doesn't fit

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
Bitget MRVLUSDT	−0.0524%	8h	255.64	+0.027%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.58	+0.004%	$336K	$654K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.47	−0.038%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.45	−0.047%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.48	−0.035%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.42	−0.059%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.54	−0.012%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.58	+0.004%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.45	−0.049%	$716K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.59	+0.009%	$391	$189K	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	255.57	0.000%	$2K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.36	−0.082%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.49	−0.031%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.49	−0.033%	$780	$46K	10x	as long as short
BloFin MRVL-USDT	+0.0022%	8h	255.62	+0.020%	$365K	$188K	50x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.51	−0.023%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.43	−0.055%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.38	−0.074%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.73	+0.063%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.38	−0.074%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USDshort	+0.0050%	1h	255.39	−0.070%	$99K	$86K	10x
SoDEX MRVL-USD	+0.0050%	1h	255.46	−0.043%	$215	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.48	−0.035%	$533K	$860K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.50	−0.027%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0057%	1h	255.54	−0.012%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.59	+0.008%	$505K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.71	+0.055%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.45	−0.047%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.46	−0.044%	$18	—	10x	as long as short
Phoenix MRVLlong	+0.0125%	1h	255.57	long leg	$11K	$12K	10x
edgeX MRVLUSDC	+0.0187%	4h	255.63	+0.023%	$36K	$374K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.27	+1.056%	$11K	$825	12x	as long as short