Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.038%

Price spread now: Polymarket Perps against Bybit−0.035%47s7-day average +0.113% · you buy dearer than you sell

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

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.487%+$49 on $10k

Price spread, last 4 days (all we have)+0.270%+$27 · spread now −0.035%, 7d avg +0.113%

Together, before fees+0.757%+$76 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.148% cheaper against Bybit than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.113%). If the spread goes back, that is −$15 on $10k: about 9.9 days of funding at the current rate (+$2 a day). At the pace of the last 6 days (+0.487% in total) that is about 41 hours. The two prices were read 47 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	255.25	0	get 0.0000% / 8h	8m 44s	$5.0M	$4.1M	50x
Short	Polymarket Perps MRVL-USD	255.16	0.0050	get 0.0006% / 1h	8m 44s	$99K	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Polymarket PerpsbpOrdersPrice spread, now −0.035%Rate

Funding earned: $10.5
Price spread: −0.035% → +0.113%: −$14.78
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$23.28
Costs to cover: 0.190%
Break-even: 22.5 days

Slippage unknown: Bybit: live order book, 4 min ago; Polymarket Perps: 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	0.78 bp	10.7 bp −$11	32.9 bp −$329	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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	−0.0518%	8h	255.37	+0.047%	$5.5M	$17.2M	20x	as long as short
Deribit MRVL_USDC-PERPETUAL	−0.0220%	1h	255.19	−0.024%	$22K	$145K	10x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.11	−0.055%	$335K	$652K	10x	as long as short
BloFin MRVL-USDT	−0.0001%	8h	255.23	−0.008%	$365K	$188K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.31	+0.025%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.17	−0.030%	$50K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.21	−0.015%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDTlong	0.0000%	8h	255.25	long leg	$5.0M	$4.1M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	255.13	−0.047%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.25	0.000%	$5.1M	$8.7M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRVL	0.0000%	8h	255.09	−0.061%	$714K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.14	−0.043%	$967	$187K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.31	+0.024%	$1K	$5.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.23	−0.008%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.10	−0.060%	$751	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.24	−0.004%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.24	−0.004%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.01	−0.094%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.52	+0.106%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.15	−0.039%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USDshort	+0.0050%	1h	255.16	−0.035%	$99K	$80K	10x
SoDEX MRVL-USD	+0.0050%	1h	255.19	−0.024%	$168	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.18	−0.027%	$532K	$848K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.20	−0.020%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0063%	1h	255.38	+0.052%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.14	−0.043%	$504K	$74K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.11	−0.055%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.33	+0.031%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.28	+0.012%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.31	+0.024%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.085%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0522%	4h	255.15	−0.041%	$36K	$373K	10x	as long as short