Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.084%

Price spread now: BloFin against Polymarket Perps+0.184%105s7-day average −0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.326% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.419%−$42 on $10k

Price spread, last 3 days (all we have)−0.267%−$27 · spread now +0.184%, 7d avg −0.098%

Together, before fees−0.686%−$69 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.282% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.184% now, against its 7-day average of −0.098%): +$28 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 5 days (−0.419% in total) that is about 3.6 days. The two prices were read 105 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	Polymarket Perps MRVL-USD	261.52	0.0050	pay 0.0006% / 1h	45m 16s	$105K	$86K	10x
Short	BloFin MRVL-USDT	262.00	−0.0026	pay 0.0026% / 8h	7h 45m	$373K	$171K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now +0.184%Rate

Funding earned: −$15.94
Price spread: +0.184% → −0.098%: $28.19
Slippage, 4 orders: −$12.56
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$20.32
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 26 min ago; BloFin: live order book, 25 min ago.

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 Polymarket Perps live order book, 26 min ago	3.47 bp	7.5 bp −$7	8.8 bp −$88	doesn't fit	doesn't fit
Sell BloFin live order book, 25 min ago	0.19 bp	8.3 bp −$8	13.2 bp −$132	doesn't fit	doesn't fit

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	−0.0026%	8h	262.00	+0.184%	$373K	$171K	50x
Aster MRVLUSDT	0.0000%	8h	261.55	+0.012%	$315K	$327K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.56	+0.015%	$5.2M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.65	+0.050%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.51	−0.004%	$5.6M	$9.4M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.56	+0.015%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.59	+0.027%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.82	+0.115%	$132K	$51K	50x	as long as short
Variational Omni MRVL	+0.0010%	8h	261.86	+0.132%	$727K	$766K	—	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	261.15	−0.140%	$999	$52K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	258.35	−1.212%	$319K	$764K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.46	−0.023%	$1.1M	$4.3M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.51	−0.004%	$96K	$209K	10x	as long as short
Bitget MRVLUSDT	+0.0032%	8h	261.56	+0.015%	$5.6M	$16.5M	20x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.38	−0.054%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	262.02	+0.191%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.47	−0.019%	$14.7M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	261.52	long leg	$105K	$86K	10x
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.43	−0.034%	$580K	$952K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0056%	8h	261.44	−0.032%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0062%	1h	261.57	+0.021%	$88K	$316K	10x	as long as short
Extended MRVL-USD	+0.0064%	1h	261.56	+0.016%	$49K	$252K	10x	as long as short
Binance MRVLUSDT	+0.0067%	8h	261.58	+0.023%	$24.3M	$114.9M	50x	as long as short
edgeX MRVLUSDC	+0.0100%	4h	261.72	+0.076%	$37K	$370K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.57	+0.019%	$519K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.89	+0.141%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.73	+0.080%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.67	+0.056%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0118%	8h	261.98	+0.177%	$299	$221K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.80	+0.107%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.96	+0.551%	$11K	$638	12x	as long as short
SoDEX MRVL-USD	+0.0744%	1h	261.66	+0.054%	$136	$14K	10x	as long as short