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: OKX against Polymarket Perps0.000%7-day average −0.101% · 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−$18as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.455%−$45 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now 0.000%, 7d avg −0.101%

Together, before fees−0.537%−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.101% dearer against Polymarket Perps than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.101%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.7 days. At the pace of the last 5 days (−0.455% in total) that is about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MRVL-USD	260.21	0.0050	pay 0.0006% / 1h	7m 14s	$104K	$79K	10x
Short	OKX MRVL-USDT-SWAP	260.21	0	get 0.0000% / 8h	4h 07m	$7.0M	$22.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$10.5
Price spread: 0.000% → −0.101%: $10.1
Slippage, 4 orders: −$10.54
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.94
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 49 min ago; OKX: 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, 49 min ago	3.45 bp	8.1 bp −$8	9.5 bp −$95	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.19 bp	7.4 bp −$7	14.3 bp −$143	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	−0.0014%	8h	260.20	−0.004%	$374K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.44	+0.090%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.32	+0.043%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.32	+0.042%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.23	+0.008%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAPshort	0.0000%	8h	260.21	0.000%	$7.0M	$22.3M	50x
Gate MRVL_USDT	0.0000%	8h	260.43	+0.085%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.36	+0.058%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.44	+0.087%	$717K	$633K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.60	+0.148%	$636	$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	260.44	+0.088%	$1K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.37	+0.061%	$131K	$42K	50x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0019%	1h	260.28	+0.027%	$23K	$144K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.31	+0.038%	$658	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.34	+0.050%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.38	+0.065%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.18	−0.012%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.71	+0.192%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.23	+0.008%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	260.21	long leg	$104K	$79K	10x
SoDEX MRVL-USD	+0.0050%	1h	260.27	+0.023%	$104	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.26	+0.019%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	260.35	+0.052%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.25	+0.015%	$334K	$633K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.51	+0.115%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.39	+0.069%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.35	+0.054%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.36	+0.059%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0131%	1h	260.27	+0.022%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.48	+0.104%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.188%	$11K	$705	12x	as long as short
edgeX MRVLUSDC	+0.0762%	4h	260.45	+0.090%	$37K	$371K	10x	as long as short