Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.018%

Price spread now: BloFin against edgeX−0.036%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

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

costs, in and out, $10k−$370.375% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now −0.036%, 7d avg −0.009%

Together, before fees−0.250%+ Points / potential airdropedgeX: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and BloFin is 0.028% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.101% in total (about -5.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MRVLUSDC	260.19	0.0268	pay 0.0134% / 4h	1h 46m	$37K	$371K	10x
Short	BloFin MRVL-USDT	260.10	−0.0006	pay 0.0006% / 8h	5h 46m	—	$170K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$57.57
Price spread: −0.036% → −0.009%: −$2.78
Slippage, 4 orders: −$16.47
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$97.82
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from edgeX: live order book, 17 min ago; BloFin: live order book, 79 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, 17 min ago	5.38 bp	10.1 bp −$10	14.6 bp −$146	doesn't fit	doesn't fit
Sell BloFin live order book, 79 min ago	0.19 bp	9.7 bp −$10	15.2 bp −$152	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-USDTshort	−0.0006%	8h	260.10	−0.036%	—	$170K	50x
Aster MRVLUSDT	0.0000%	8h	260.03	−0.064%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.00	−0.075%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.99	−0.079%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.10	−0.036%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.19	−0.002%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.51	+0.123%	$717K	$654K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.56	+0.139%	$466	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.07	−0.048%	$2K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.03	−0.063%	$131K	$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	+0.0016%	1h	260.10	−0.035%	$984	$50K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.04	−0.059%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	259.97	−0.086%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.136%	$334K	$630K	10x	as long as short
Extended MRVL-USD	+0.0040%	1h	259.92	−0.105%	$51K	$353K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.94	−0.098%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0042%	8h	260.12	−0.030%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.39	+0.075%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.93	−0.102%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.01	−0.071%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.99	−0.079%	$130	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.90	−0.113%	$574K	$675K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	259.94	−0.096%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0058%	1h	259.92	−0.106%	$23K	$143K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.21	+0.006%	$514K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.16	−0.013%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.02	−0.067%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.04	−0.060%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0138%	1h	259.93	−0.102%	$89K	$273K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.30	+0.041%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.228%	$11K	$693	12x	as long as short
edgeX MRVLUSDClong	+0.0268%	4h	260.19	long leg	$37K	$371K	10x