Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0324%/8h= +35.4% APRpaid last 24h +0.170%

Price spread now: edgeX against Bitget+0.077%74s7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as 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−$400.398% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.077%, 7d avg −0.013%

Together, before fees+0.074%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and edgeX is 0.091% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.013%. The two prices were read 74 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 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	256.45	0	get 0.0000% / 8h	5h 02m	$5.5M	$19.4M	20x
Short	edgeX MRVLUSDC	256.65	0.0324	get 0.0162% / 4h	1h 02m	$36K	$376K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.077%Rate

Funding earned: $67.96
Price spread: +0.077% → −0.013%: $9.09
Slippage, 4 orders: −$18.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $37.21
Costs to cover: 0.398%
Break-even: 3.2 days

Slippage from Bitget: live order book, 5 min ago; edgeX: 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, 5 min ago	1.75 bp	10.3 bp −$10	14.2 bp −$142	22.7 bp −$2,265	doesn't fit
Sell edgeX live order book, 44 min ago	5.46 bp	10.2 bp −$10	15.0 bp −$150	doesn't fit	doesn't fit

MRVL on 32 exchanges

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
Aster MRVLUSDT	0.0000%	8h	256.35	−0.040%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.43	−0.009%	$47K	$283K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.51	+0.024%	$23.5M	$120.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.34	−0.043%	$4.9M	$4.3M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.55	+0.039%	$6.9M	$26.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.51	+0.023%	$5.0M	$8.7M	50x	as long as short
Bitget MRVLUSDTlong	0.0000%	8h	256.45	long leg	$5.5M	$19.4M	20x
Variational Omni MRVL	0.0000%	8h	256.79	+0.131%	$713K	$215K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	256.57	+0.047%	$1K	$5.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.73	+0.109%	$132K	$44K	50x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0006%	1h	256.52	+0.026%	$1K	$41K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0025%	8h	256.62	+0.067%	$852	$179K	10x	as long as short
BloFin MRVL-USDT	+0.0027%	8h	256.37	−0.031%	$376K	$215K	50x	as long as short
Lighter MRVL	+0.0032%	1h	256.25	−0.078%	$104K	$182K	10x	as long as short
Injective MRVL/USDC PERP	+0.0033%	1h	256.63	+0.070%	$11K	$823	12x	as long as short
QFEX MRVL-USD	+0.0034%	1h	256.41	−0.016%	$1.2M	$3.4M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.26	−0.074%	$23K	$21K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.66	+0.082%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.30	−0.058%	$14.1M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.64	+0.074%	$77K	$128K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.44	−0.004%	$159	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.42	−0.012%	$544K	$865K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	256.31	−0.054%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0064%	1h	256.35	−0.037%	$87K	$275K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	256.55	+0.039%	$506K	$290K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.62	+0.066%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.49	+0.016%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.44	−0.002%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	256.80	+0.136%	$320K	$427K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0179%	1h	256.40	−0.019%	$22K	$146K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	256.61	+0.062%	$11K	$13K	10x	as long as short
edgeX MRVLUSDCshort	+0.0324%	4h	256.65	+0.077%	$36K	$376K	10x