Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.019%

Price spread now: SoDEX against SunX−0.055%7-day average — · you buy dearer than you sell

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

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. SoDEX is 0.055% cheaper against SunX than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MRVL-USDT	256.55	0	get 0.0000% / 8h	5h 43m	$1K	$5.3M	10x
Short	SoDEX MRVL-USD	256.41	0.0050	get 0.0006% / 1h	43m 09s	$185	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against SunX. 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 SunXbpFee SoDEXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $10.5
Price spread: −0.055% → 0.000%: −$5.46
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$10.96
Costs to cover: 0.160%
Break-even: 14.3 days

Slippage unknown: SunX: live order book, 9 min ago; SoDEX: no order-book sample. 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 SunX live order book, 9 min ago	44.91 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 exchanges

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	−0.0021%	8h	256.53	−0.008%	$378K	$215K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.48	−0.026%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.44	−0.041%	$46K	$289K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.54	−0.003%	$23.4M	$120.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.47	−0.031%	$4.9M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.48	−0.027%	$7.0M	$26.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.52	−0.012%	$5.0M	$8.6M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	256.57	+0.008%	$5.5M	$19.3M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	256.64	+0.035%	$713K	$215K	—	as long as short
SunX MRVL-USDTlong	0.0000%	8h	256.55	long leg	$1K	$5.3M	10x

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.39	−0.062%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.43	−0.047%	$132K	$49K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	256.55	+0.001%	$1K	$42K	10x	as long as short
Nado MRVL-PERP	+0.0032%	1h	256.39	−0.062%	$87K	$275K	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.26	−0.113%	$104K	$182K	10x	as long as short
Injective MRVL/USDC PERP	+0.0033%	1h	256.63	+0.031%	$11K	$823	12x	as long as short
QFEX MRVL-USD	+0.0034%	1h	256.45	−0.039%	$1.2M	$3.5M	10x	as long as short
tradeXYZ xyz:MRVL	+0.0035%	1h	256.33	−0.086%	$14.1M	$9.5M	10x	as long as short
edgeX MRVLUSDC	+0.0036%	4h	256.47	−0.030%	$36K	$377K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.23	−0.125%	$22K	$23K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.79	+0.094%	—	$46K	25x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.49	−0.023%	$98K	$104K	10x	as long as short
SoDEX MRVL-USDshort	+0.0050%	1h	256.41	−0.055%	$185	$15K	10x
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.25	−0.117%	$545K	$863K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.30	−0.099%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	256.72	+0.066%	$507K	$243K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.60	+0.019%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.49	−0.023%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.43	−0.047%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	256.34	−0.082%	$317K	$445K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	256.51	−0.016%	$11K	$13K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0212%	8h	257.02	+0.183%	$224	$177K	10x	as long as short