Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0941%/8h= +103.0% APRpaid last 24h +0.061%

Price spread now: Injective against Bitget+0.813%101s7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 +$28 a day on $10k at the current rate, and Injective is 0.813% dearer against Bitget than usual: you sell high and buy low: +$81 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	255.74	−0.0721	get 0.0721% / 8h	1h 11m	$5.6M	$17.1M	20x
Short	Injective MRVL/USDC PERP	257.82	0.0220	get 0.0028% / 1h	11m 40s	$11K	$853	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.813%Rate

Funding earned: $197.61
Price spread: +0.813% → 0.000%: $81.33
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $266.92
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 2 min ago; Injective: 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 Bitget live order book, 2 min ago	1.17 bp	9.6 bp −$10	13.6 bp −$136	24.4 bp −$2,442	75.9 bp −$38.0K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 MRVLUSDTlong	−0.0721%	8h	255.74	long leg	$5.6M	$17.1M	20x
Aster MRVLUSDT	0.0000%	8h	255.61	−0.051%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.57	−0.068%	$47K	$266K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.72	−0.009%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.57	−0.066%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.70	−0.016%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.61	−0.051%	$5.2M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.15	−0.231%	$710K	$470K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.60	−0.055%	$797	$190K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.56	−0.070%	$1K	$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
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.61	−0.051%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.15	−0.231%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	255.27	−0.184%	$614	$47K	10x	as long as short
BloFin MRVL-USDT	+0.0018%	8h	255.53	−0.082%	$364K	$186K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	254.33	−0.551%	$332K	$650K	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.59	−0.059%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	255.57	−0.066%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.23	−0.199%	$23K	$27K	5x	as long as short
Nado MRVL-PERP	+0.0042%	1h	255.53	−0.082%	$87K	$272K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.67	−0.027%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.48	−0.102%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.37	−0.145%	$101K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.61	−0.051%	$118	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.52	−0.086%	$542K	$851K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.58	−0.064%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.57	−0.066%	$506K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.68	−0.023%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.51	−0.090%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.55	−0.075%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.29	−0.176%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERPshort	+0.0220%	1h	257.82	+0.813%	$11K	$853	12x
edgeX MRVLUSDC	+0.0576%	4h	255.40	−0.131%	$36K	$372K	10x	as long as short