Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0242%/8h= −26.5% APRpaid last 24h −0.022%

Price spread now: Aster against edgeX−0.072%80s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as 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−$590.586% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$20 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.072%, 7d avg −0.010%

Together, before fees−0.196%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 0.062% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.010%). Swap the legs. The two prices were read 80 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	edgeX MRVLUSDC	261.23	0.0242	pay 0.0121% / 4h	1h 04m	$37K	$371K	10x
Short	Aster MRVLUSDT	261.04	0	get 0.0000% / 8h	5h 04m	$313K	$330K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$50.75
Price spread: −0.072% → −0.010%: −$6.24
Slippage, 4 orders: −$41.59
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$115.57
Costs to cover: 0.586%
Break-even: never at this rate

Slippage from edgeX: live order book, 59 min ago; Aster: live order book, 58 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 edgeX live order book, 59 min ago	5.38 bp	10.1 bp −$10	14.6 bp −$146	doesn't fit	doesn't fit
Sell Aster live order book, 58 min ago	3.84 bp	19.2 bp −$19	1143.7 bp −$11.4K	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
BloFin MRVL-USDT	−0.0022%	8h	261.26	+0.011%	$375K	$171K	50x	as long as short
Aster MRVLUSDTshort	0.0000%	8h	261.04	−0.072%	$313K	$330K	50x
Bybit MRVLUSDT	0.0000%	8h	261.09	−0.054%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.07	−0.062%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.12	−0.043%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	261.13	−0.039%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	261.17	−0.022%	$719K	$650K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.09	−0.053%	$381	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.12	−0.043%	$1K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.87	−0.138%	$132K	$42K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0018%	1h	261.08	−0.058%	$672	$50K	10x	as long as short
Extended MRVL-USD	+0.0024%	1h	261.05	−0.068%	$47K	$351K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	261.15	−0.031%	$1.1M	$3.6M	10x	as long as short
Binance MRVLUSDT	+0.0026%	8h	261.12	−0.043%	$24.3M	$107.7M	50x	as long as short
Lighter MRVL	+0.0032%	1h	261.20	−0.012%	$94K	$206K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.533%	$334K	$630K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.92	−0.119%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.54	+0.118%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.93	−0.115%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.01	−0.085%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.11	−0.047%	$162	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.97	−0.100%	$577K	$694K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	261.27	+0.016%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0057%	1h	261.00	−0.089%	$23K	$144K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.06	−0.066%	$516K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.01	−0.085%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.11	−0.047%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.04	−0.074%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0125%	1h	261.02	−0.082%	$89K	$275K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	261.18	−0.020%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+0.826%	$11K	$693	12x	as long as short
edgeX MRVLUSDClong	+0.0242%	4h	261.23	long leg	$37K	$371K	10x