Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Bybit against ApeX Omni−0.059%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$930.928% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.059%, 7d avg −0.030%

Together, before fees−0.138%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.029% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MRVLUSDT	255.09	0.0100	pay 0.0013% / 1h	51m 36s	$4K	$140K	50x
Short	Bybit MRVLUSDT	254.94	0	get 0.0000% / 8h	1h 51m	$5.0M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$21
Price spread: −0.059% → −0.030%: −$2.93
Slippage, 4 orders: −$71.83
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$116.76
Costs to cover: 0.928%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 54 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 ApeX Omni live order book, 54 min ago	24.19 bp	39.7 bp −$40	201.8 bp −$2,018	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.18 bp	8.8 bp −$9	31.2 bp −$312	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
Bitget MRVLUSDT	−0.0724%	8h	255.22	+0.051%	$5.5M	$17.1M	20x	as long as short
BloFin MRVL-USDT	−0.0027%	8h	254.82	−0.106%	$364K	$182K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.03	−0.023%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.85	−0.095%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.02	−0.027%	$23.6M	$113.1M	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	254.94	−0.059%	$5.0M	$4.0M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	255.05	−0.016%	$6.8M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.88	−0.082%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.15	+0.024%	$710K	$482K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.98	−0.045%	$403	$191K	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	254.90	−0.074%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.64	−0.176%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.95	−0.055%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.20	+0.042%	$643	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	253.60	−0.584%	$318K	$634K	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.87	−0.086%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	254.93	−0.063%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.83	−0.102%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.19	+0.039%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.80	−0.114%	$14.0M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.91	−0.071%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.81	−0.110%	$183	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.74	−0.137%	$554K	$762K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.85	−0.096%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0083%	1h	254.92	−0.068%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.04	−0.020%	$505K	$65K	20x	as long as short
ApeX Omni MRVLUSDTlong	+0.0100%	1h	255.09	long leg	$4K	$140K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.82	−0.106%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.75	−0.133%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.02	−0.027%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.37	+1.286%	$11K	$828	12x	as long as short
edgeX MRVLUSDC	+0.0826%	4h	254.91	−0.069%	$36K	$374K	10x	as long as short