Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0157%/8h= +17.2% APRpaid last 24h +0.048%

Price spread now: Phoenix against Bybit+0.295%75s7-day average — · you sell dearer than you buy

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

Long on Bybit 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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.295% dearer against Bybit than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 75 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	Bybit MRVLUSDT	253.92	0	get 0.0000% / 8h	2h 24m	$5.0M	$4.0M	50x
Short	Phoenix MRVL	254.67	0.0157	get 0.0020% / 1h	24m 13s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bybit. 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 BybitbpFee PhoenixbpOrdersPrice spread, now +0.295%Rate

Funding earned: $32.9
Price spread: +0.295% → 0.000%: $29.54
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $44.44
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.97 bp	11.4 bp −$11	30.6 bp −$306	doesn't fit	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	−0.0880%	8h	254.09	+0.067%	$5.5M	$16.8M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	253.94	+0.007%	$299K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	253.91	−0.005%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	253.99	+0.029%	$23.5M	$111.6M	50x	as long as short
Bybit MRVLUSDTlong	0.0000%	8h	253.92	long leg	$5.0M	$4.0M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	254.02	+0.039%	$6.8M	$23.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.06	+0.055%	$5.2M	$8.5M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	253.73	−0.074%	$704K	$489K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.58	+0.258%	$1K	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	253.89	−0.012%	$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	253.64	−0.110%	$128K	$43K	50x	as long as short
BloFin MRVL-USDT	+0.0010%	8h	253.87	−0.020%	$365K	$178K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	253.99	+0.027%	$643	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	253.90	−0.008%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	253.84	−0.032%	$88K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	253.68	−0.095%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.03	+0.043%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	253.88	−0.016%	$14.0M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	253.62	−0.118%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	253.74	−0.071%	$162	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	253.57	−0.138%	$556K	$742K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	253.73	−0.074%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0081%	1h	253.69	−0.091%	$86K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.60	−0.126%	$318K	$634K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	253.75	−0.067%	$4K	$139K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	253.83	−0.035%	$2K	$3K	10x	as long as short
KuCoin MRVLUSDTM	+0.0104%	8h	254.09	+0.067%	$502K	$63K	20x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	253.83	−0.034%	$18	—	10x	as long as short
Phoenix MRVLshort	+0.0157%	1h	254.67	+0.295%	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.859%	$11K	$735	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0223%	1h	253.93	+0.004%	$22K	$144K	10x	as long as short
edgeX MRVLUSDC	+0.0364%	4h	253.70	−0.085%	$36K	$372K	10x	as long as short