Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: Bybit against tradeXYZ+0.035%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.035%, 7d avg +0.059%

Together, before fees−0.112%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.024% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MRVL	260.41	0.0050	pay 0.0006% / 1h	21m 25s	$14.5M	$8.4M	10x
Short	Bybit MRVLUSDT	260.50	0	get 0.0000% / 8h	5h 21m	$5.1M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. 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 tradeXYZbpFee BybitbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$10.5
Price spread: +0.035% → +0.059%: −$2.41
Slippage, 4 orders: −$16.86
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$58.77
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago	0.96 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.15 bp	10.1 bp −$10	24.7 bp −$247	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
Aster MRVLUSDT	0.0000%	8h	260.42	+0.006%	$313K	$330K	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	260.50	+0.035%	$5.1M	$3.8M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	260.65	+0.092%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.63	+0.084%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.59	+0.069%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.08	−0.126%	$716K	$654K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.18	−0.087%	$833	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.68	+0.104%	$2K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.17	−0.092%	$131K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0009%	8h	260.11	−0.115%	$377K	$170K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0014%	1h	260.16	−0.095%	$649	$50K	10x	as long as short
Extended MRVL-USD	+0.0024%	1h	260.57	+0.060%	$51K	$353K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.46	+0.019%	$1.1M	$3.7M	10x	as long as short
Binance MRVLUSDT	+0.0027%	8h	260.63	+0.085%	$24.3M	$107.8M	50x	as long as short
Lighter MRVL	+0.0032%	1h	260.39	−0.008%	$94K	$204K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.219%	$334K	$630K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.99	−0.161%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.76	+0.134%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVLlong	+0.0050%	1h	260.41	long leg	$14.5M	$8.4M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	260.43	+0.008%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.48	+0.027%	$161	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.84	−0.219%	$575K	$692K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	260.35	−0.025%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.53	+0.046%	$514K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.10	−0.119%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.56	+0.058%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.55	+0.052%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0106%	1h	260.40	−0.005%	$89K	$274K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.22	−0.073%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.144%	$11K	$693	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0249%	1h	260.54	+0.050%	$23K	$143K	10x	as long as short
edgeX MRVLUSDC	+0.0891%	4h	259.99	−0.160%	$37K	$370K	10x	as long as short