MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0080%/8h= +8.7% APRnext payment +$0.10 per $10,000 · paid last 24h +0.035%

Price spread now: Phoenix against Vest−0.066%58s7-day average — · you buy dearer than you sell

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

Long on Vest Short on Phoenix

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.066% cheaper against Vest than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.8 days of funding at the current rate (+$2 a day). The two prices were read 58 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	Vest MRVL-USD-PERP	255.67	0.0046	pay 0.0006% / 1h	32m 23s	—	$51K	25x
Short	Phoenix MRVL	255.50	0.0125	get 0.0016% / 1h	32m 23s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Vest. 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 VestbpFee PhoenixbpOrdersPrice spread, now −0.066%Rate

Funding earned: $16.7
Price spread: −0.066% → 0.000%: −$6.65
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $1.05
Costs to cover: 0.090%
Break-even: 6.6 days

Slippage unknown: Vest: no order-book sample; Phoenix: 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 Vest no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Vest and Phoenix: 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 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	−0.0518%	8h	255.57	−0.039%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.58	−0.035%	$336K	$654K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.38	−0.113%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.37	−0.118%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.40	−0.106%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.33	−0.133%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.39	−0.110%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.50	−0.066%	$5.1M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.45	−0.088%	$716K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.73	+0.022%	$391	$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	255.61	−0.023%	$2K	$5.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.49	−0.070%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	255.42	−0.097%	$780	$46K	10x	as long as short
BloFin MRVL-USDT	+0.0023%	8h	255.64	−0.012%	$365K	$188K	50x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.43	−0.094%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.38	−0.113%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.32	−0.137%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERPlong	+0.0046%	1h	255.67	long leg	—	$51K	25x
tradeXYZ xyz:MRVL	+0.0050%	1h	255.27	−0.156%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.20	−0.184%	$99K	$86K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.36	−0.121%	$209	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.21	−0.180%	$533K	$859K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.31	−0.139%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0059%	1h	255.33	−0.134%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.40	−0.106%	$505K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.70	+0.012%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.42	−0.098%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.41	−0.102%	$18	—	10x	as long as short
Phoenix MRVLshort	+0.0125%	1h	255.50	−0.066%	$11K	$12K	10x
Deribit MRVL_USDC-PERPETUAL	+0.0181%	1h	255.44	−0.090%	$22K	$145K	10x	as long as short
edgeX MRVLUSDC	+0.0187%	4h	255.63	−0.017%	$36K	$374K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.27	+1.017%	$11K	$825	12x	as long as short