Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.044%

Price spread now: Gate against Polymarket Perps+0.110%48s7-day average −0.073% · 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−$510.515% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.735%−$73 on $10k

Price spread, last 4 days (all we have)−0.228%−$23 · spread now +0.110%, 7d avg −0.073%

Together, before fees−0.963%−$96 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.183% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of −0.073%): +$18 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 6 days (−0.735% in total) that is about 34 hours. The two prices were read 48 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	254.70	0.0050	pay 0.0006% / 1h	25m 35s	$101K	$82K	10x
Short	Gate MRVL_USDT	254.98	0	get 0.0000% / 8h	1h 25m	$5.1M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.110%Rate

Funding earned: −$10.5
Price spread: +0.110% → −0.073%: $18.32
Slippage, 4 orders: −$28.47
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$43.65
Costs to cover: 0.515%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 16 min ago; Gate: live order book, 3 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, 16 min ago	2.75 bp	6.8 bp −$7	8.9 bp −$89	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.96 bp	15.3 bp −$15	33.8 bp −$338	45.0 bp −$4,505	79.3 bp −$39.7K

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	−0.0840%	8h	255.08	+0.149%	$5.5M	$17.1M	20x	as long as short
BloFin MRVL-USDT	−0.0007%	8h	254.79	+0.035%	$364K	$184K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.93	+0.089%	$300K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.89	+0.074%	$47K	$270K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.98	+0.110%	$23.5M	$113.5M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.94	+0.094%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.89	+0.075%	$6.8M	$24.1M	50x	as long as short
Gate MRVL_USDTshort	0.0000%	8h	254.98	+0.110%	$5.1M	$8.6M	50x
Variational Omni MRVL	0.0000%	8h	254.90	+0.079%	$709K	$473K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.83	+0.051%	$800	$190K	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	254.81	+0.043%	$2K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.87	+0.067%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.86	+0.063%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	254.62	−0.033%	$635	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	254.33	−0.145%	$332K	$650K	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.93	+0.090%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	254.88	+0.071%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.55	−0.059%	$23K	$27K	5x	as long as short
Nado MRVL-PERP	+0.0040%	1h	255.00	+0.118%	$87K	$272K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.09	+0.153%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.78	+0.031%	$13.9M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	254.70	long leg	$101K	$82K	10x
SoDEX MRVL-USD	+0.0050%	1h	254.92	+0.086%	$122	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.41	−0.114%	$549K	$806K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	254.95	+0.097%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.90	+0.079%	$504K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.69	−0.004%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.86	+0.063%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.84	+0.054%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	254.97	+0.106%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+1.225%	$11K	$853	12x	as long as short
edgeX MRVLUSDC	+0.0819%	4h	254.79	+0.034%	$36K	$372K	10x	as long as short