Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.063%

Price spread now: Bybit against Polymarket Perps+0.027%47s7-day average −0.121% · 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−$400.399% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.484%−$48 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.027%, 7d avg −0.121%

Together, before fees−0.630%−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.148% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.121%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.9 days. At the pace of the last 5 days (−0.484% in total) that is about 40 hours. The two prices were read 47 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	260.71	0.0050	pay 0.0006% / 1h	36m 43s	$104K	$79K	10x
Short	Bybit MRVLUSDT	260.78	0	get 0.0000% / 8h	4h 36m	$5.1M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$10.5
Price spread: +0.027% → −0.121%: $14.81
Slippage, 4 orders: −$20.92
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.61
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 20 min ago; Bybit: live order book, 1 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, 20 min ago	3.45 bp	8.1 bp −$8	9.5 bp −$95	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.15 bp	11.7 bp −$12	25.9 bp −$259	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-USDT	0.0000%	8h	260.86	+0.058%	$374K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.88	+0.067%	$313K	$330K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.81	+0.037%	$47K	$349K	10x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	260.78	+0.027%	$5.1M	$3.8M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	260.86	+0.058%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.88	+0.065%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.88	+0.065%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	261.17	+0.175%	$719K	$641K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.14	+0.165%	$595	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.93	+0.084%	$1K	$6.1M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.72	+0.004%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.89	+0.069%	$132K	$42K	50x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.88	+0.066%	$24.3M	$107.7M	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	260.84	+0.049%	$721	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.84	+0.050%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.86	+0.058%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.71	0.000%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.24	+0.203%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.73	+0.008%	$14.5M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	260.71	long leg	$104K	$79K	10x
SoDEX MRVL-USD	+0.0050%	1h	260.81	+0.038%	$120	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.89	+0.069%	$577K	$681K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	260.84	+0.048%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0059%	4h	260.91	+0.078%	$37K	$371K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.334%	$334K	$629K	10x	as long as short
Nado MRVL-PERP	+0.0087%	1h	260.85	+0.052%	$89K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.00	+0.111%	$515K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.00	+0.111%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.88	+0.065%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.83	+0.047%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.99	+0.107%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.69	+1.143%	$11K	$700	12x	as long as short