Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%

Price spread now: tradeXYZ against Bybit−0.008%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.008%, 7d avg −0.059%

Together, before fees+0.085%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.051% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MRVLUSDT	260.09	0	get 0.0000% / 8h	5h 23m	$5.1M	$3.8M	50x
Short	tradeXYZ xyz:MRVL	260.07	0.0050	get 0.0006% / 1h	23m 28s	$14.5M	$8.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.008%Rate

Funding earned: $10.5
Price spread: −0.008% → −0.059%: $5.1
Slippage, 4 orders: −$16.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$29.7
Costs to cover: 0.453%
Break-even: 26.8 days

Slippage from Bybit: live order book, 4 min ago; tradeXYZ: live order book, 4 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 Bybit live order book, 4 min ago	1.73 bp	10.6 bp −$11	23.0 bp −$230	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.96 bp	10.9 bp −$11	13.1 bp −$131	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
Aster MRVLUSDT	0.0000%	8h	260.24	+0.056%	$312K	$330K	50x	as long as short
Bybit MRVLUSDTlong	0.0000%	8h	260.09	long leg	$5.1M	$3.8M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	260.18	+0.035%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.20	+0.042%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.22	+0.050%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.08	−0.003%	$716K	$654K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.12	+0.012%	$840	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.02	−0.027%	$2K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.25	+0.062%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	260.04	−0.019%	$604	$50K	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	+0.0019%	1h	260.10	+0.004%	$23K	$143K	10x	as long as short
BloFin MRVL-USDT	+0.0022%	8h	260.05	−0.015%	$377K	$170K	50x	as long as short
Extended MRVL-USD	+0.0024%	1h	260.17	+0.032%	$51K	$353K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.14	+0.019%	$1.1M	$3.7M	10x	as long as short
Binance MRVLUSDT	+0.0027%	8h	260.18	+0.035%	$24.2M	$107.8M	50x	as long as short
Lighter MRVL	+0.0032%	1h	260.20	+0.042%	$94K	$204K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.096%	$334K	$630K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.91	−0.069%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.48	+0.150%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVLshort	+0.0050%	1h	260.07	−0.008%	$14.5M	$8.4M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	259.99	−0.038%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.07	−0.008%	$166	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.84	−0.096%	$575K	$692K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	260.20	+0.042%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.38	+0.111%	$514K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.03	−0.023%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.09	0.000%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.07	−0.007%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0105%	1h	260.14	+0.018%	$89K	$274K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.11	+0.008%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.269%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0891%	4h	259.99	−0.037%	$37K	$370K	10x	as long as short