Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0185%/8h= +20.3% APRpaid last 24h +0.038%

Price spread now: Phoenix against Binance−0.109%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 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. Phoenix is 0.109% cheaper against Binance than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 47 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRVLUSDT	256.33	0	get 0.0000% / 8h	3h 15m	$23.6M	$109.8M	50x
Short	Phoenix MRVL	256.05	0.0185	get 0.0023% / 1h	15m 31s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Binance. 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 BinancebpFee PhoenixbpOrdersPrice spread, now −0.109%Rate

Funding earned: $38.86
Price spread: −0.109% → 0.000%: −$10.92
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $10.93
Costs to cover: 0.170%
Break-even: 5.0 days

Slippage unknown: Binance: live order book, 12 min ago; 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 Binance live order book, 12 min ago	0.19 bp	6.6 bp −$7	13.8 bp −$138	66.7 bp −$6,672	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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	−0.0298%	8h	256.41	+0.031%	$5.5M	$16.4M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.13	−0.080%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.28	−0.018%	$49K	$346K	10x	as long as short
Binance MRVLUSDTlong	0.0000%	8h	256.33	long leg	$23.6M	$109.8M	50x
Bybit MRVLUSDT	0.0000%	8h	256.22	−0.043%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.34	+0.004%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.33	0.000%	$5.5M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.39	+0.022%	$711K	$630K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.19	−0.055%	$602	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.63	+0.117%	$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	−0.164%	$129K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0016%	8h	256.08	−0.098%	$368K	$173K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	256.16	−0.065%	$595	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.37	+0.016%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.31	−0.008%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.93	−0.156%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.57	+0.094%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.20	−0.051%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.17	−0.062%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.21	−0.047%	$169	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.28	−0.020%	$549K	$753K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	256.21	−0.047%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.56	−0.300%	$322K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0096%	1h	256.33	+0.001%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.36	+0.012%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.26	−0.027%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.25	−0.031%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0111%	8h	256.48	+0.059%	$507K	$62K	20x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0140%	1h	256.43	+0.039%	$22K	$144K	10x	as long as short
Phoenix MRVLshort	+0.0185%	1h	256.05	−0.109%	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.075%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0550%	4h	256.06	−0.105%	$36K	$374K	10x	as long as short