Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0079%/8h= +8.6% APRpaid last 24h +0.020%

Price spread now: Orderly against Aftermath Perps+0.046%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.046% dearer against Aftermath Perps than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MRVLUSD	256.13	0.0021	pay 0.0003% / 1h	15m 58s	$595	$49K	10x
Short	Orderly PERP_MRVL_USDC_mythos	256.25	0.0100	get 0.0100% / 8h	3h 15m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aftermath 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 Aftermath PerpsbpFee OrderlybpOrdersPrice spread, now +0.046%Rate

Funding earned: $16.53
Price spread: +0.046% → 0.000%: $4.65
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.17
Costs to cover: 0.150%
Break-even: 4.4 days

Slippage unknown: Aftermath Perps: no order-book sample; Orderly: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Aftermath Perps and Orderly: 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	−0.0285%	8h	256.43	+0.117%	$5.5M	$16.4M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.19	+0.023%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.33	+0.077%	$49K	$346K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.42	+0.113%	$23.6M	$109.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.33	+0.078%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.23	+0.039%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.41	+0.109%	$5.5M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.39	+0.099%	$711K	$630K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.26	+0.049%	$602	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.63	+0.195%	$2K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	255.91	−0.086%	$129K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0016%	8h	256.08	−0.020%	$368K	$173K	50x	as long as short
Aftermath Perps MRVLUSDlong	+0.0021%	1h	256.13	long leg	$595	$49K	10x
QFEX MRVL-USD	+0.0025%	1h	256.56	+0.167%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.30	+0.066%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.84	−0.114%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.60	+0.183%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.28	+0.058%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.34	+0.082%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.21	+0.031%	$169	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.28	+0.058%	$549K	$753K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	256.48	+0.135%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.56	−0.223%	$322K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0098%	1h	256.26	+0.051%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.93	−0.078%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	256.25	+0.046%	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	256.25	+0.047%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0109%	8h	256.53	+0.156%	$507K	$62K	20x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0140%	1h	256.43	+0.117%	$22K	$144K	10x	as long as short
Phoenix MRVL	+0.0185%	1h	256.05	−0.032%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.155%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0402%	4h	256.34	+0.082%	$36K	$373K	10x	as long as short