Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0564%/8h= +61.8% APRpaid last 24h +0.025%

Price spread now: ApeX Omni against Bitget−0.305%73s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1001.001% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.305%, 7d avg −0.018%

Together, before fees+0.289%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.286% cheaper against Bitget than usual: you would sell low and buy high (spread −0.305% now, against its 7-day average of −0.018%). If the spread goes back, that is −$29 on $10k: about 41 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.052% in total) that is about 39 days. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.052% in total (about 2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	256.06	−0.0464	get 0.0464% / 8h	3h 06m	$5.5M	$16.4M	20x
Short	ApeX Omni MRVLUSDT	255.28	0.0100	get 0.0013% / 1h	6m 22s	$4K	$140K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.305%Rate

Funding earned: $118.44
Price spread: −0.305% → −0.018%: −$28.64
Slippage, 4 orders: −$78.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$10.3
Costs to cover: 1.001%
Break-even: 7.6 days

Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 44 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 Bitget live order book, 2 min ago	1.76 bp	10.7 bp −$11	15.3 bp −$153	39.9 bp −$3,989	doesn't fit
Sell ApeX Omni live order book, 44 min ago	27.89 bp	41.0 bp −$41	211.6 bp −$2,116	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 MRVLUSDTlong	−0.0464%	8h	256.06	long leg	$5.5M	$16.4M	20x
BloFin MRVL-USDT	−0.0008%	8h	255.27	−0.309%	$367K	$174K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.12	+0.024%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.95	−0.042%	$49K	$269K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.10	+0.016%	$23.5M	$110.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.00	−0.023%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.98	−0.031%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.07	+0.004%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.57	−0.192%	$709K	$628K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.28	−0.305%	$243	$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	256.01	−0.020%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.01	−0.020%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.46	−0.234%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	255.65	−0.160%	$593	$48K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.91	−0.059%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.85	−0.082%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.31	−0.293%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.10	+0.016%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.91	−0.059%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.91	−0.059%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.77	−0.113%	$133	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.47	−0.230%	$547K	$726K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.83	−0.091%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0087%	4h	255.33	−0.284%	$36K	$372K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.30	−0.297%	$321K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0095%	1h	255.92	−0.057%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDTshort	+0.0100%	1h	255.28	−0.305%	$4K	$140K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.01	−0.020%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.97	−0.035%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0111%	8h	256.21	+0.059%	$506K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	255.50	−0.219%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.183%	$11K	$734	12x	as long as short