Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0852%/8h= −93.3% APRpaid last 24h +0.078%

Price spread now: Gate against edgeX+0.137%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$570.572% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.411%−$41 on $10k

Price spread, last 3 days (all we have)−0.225%−$23 · spread now +0.137%, 7d avg +0.007%

Together, before fees−0.637%+ Points / potential airdropedgeX: Active · farm board−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.129% dearer against edgeX than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.007%): +$13 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.411% in total) that is about 2.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.411% in total (about -21.4% 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	259.07	0.0852	pay 0.0426% / 4h	39m 31s	$36K	$368K	10x
Short	Gate MRVL_USDT	259.42	0	get 0.0000% / 8h	39m 31s	$5.7M	$9.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.137%Rate

Funding earned: −$179.03
Price spread: +0.137% → +0.007%: $12.93
Slippage, 4 orders: −$33.16
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$223.26
Costs to cover: 0.572%
Break-even: never at this rate

Slippage from edgeX: live order book, 39 min ago; Gate: 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 edgeX live order book, 39 min ago	5.42 bp	10.2 bp −$10	14.9 bp −$149	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.51 bp	12.8 bp −$13	25.4 bp −$254	50.2 bp −$5,021	85.9 bp −$43.0K

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	−0.0015%	8h	258.99	−0.029%	$374K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	259.14	+0.027%	$313K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.21	+0.056%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.37	+0.117%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDTshort	0.0000%	8h	259.42	+0.137%	$5.7M	$9.7M	50x
Bitget MRVLUSDT	0.0000%	8h	259.35	+0.110%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.08	+0.007%	$720K	$763K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.16	+0.036%	$1K	$6.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.09	+0.009%	$131K	$80K	50x	as long as short
Extended MRVL-USD	+0.0008%	1h	259.35	+0.110%	$49K	$206K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MRVLUSDT	+0.0011%	8h	259.40	+0.130%	$24.3M	$114.7M	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	258.97	−0.036%	$601	$53K	10x	as long as short
Lighter MRVL	+0.0032%	1h	259.43	+0.141%	$96K	$213K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.35	+0.110%	$1.1M	$4.3M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.01	−0.022%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.34	+0.106%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.23	+0.063%	$14.6M	$9.2M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.03	−0.014%	$109K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.17	+0.040%	$233	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	258.82	−0.095%	$591K	$926K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0052%	8h	259.11	+0.017%	$741	$226K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.276%	$319K	$885K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0069%	8h	259.26	+0.075%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.15	+0.033%	$513K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	258.91	−0.060%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.22	+0.060%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.24	+0.068%	$18	—	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.04	−0.010%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+1.075%	$11K	$627	12x	as long as short
Nado MRVL-PERP	+0.0229%	1h	258.92	−0.058%	$88K	$316K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0522%	1h	259.37	+0.117%	$22K	$143K	10x	as long as short
edgeX MRVLUSDClong	+0.0852%	4h	259.07	long leg	$36K	$368K	10x