Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0566%/8h= −62.0% APRpaid last 24h −0.054%

Price spread now: HTX against edgeX+0.097%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.097%, 7d avg −0.032%

Together, before fees−0.366%+ Points / potential airdropedgeX: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.129% dearer against edgeX than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of −0.032%): +$13 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.183% in total) that is about 4.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.183% in total (about -9.5% 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	256.12	0.0566	pay 0.0283% / 4h	2h 08m	$36K	$373K	10x
Short	HTX MRVL-USDT	256.37	0	get 0.0000% / 8h	2h 08m	$131K	$47K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$118.9
Price spread: +0.097% → −0.032%: $12.91
Slippage, 4 orders: −$17.3
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$144.29
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from edgeX: live order book, 40 min ago; HTX: live order book, 38 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, 40 min ago	5.46 bp	10.2 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell HTX live order book, 38 min ago	2.93 bp	8.9 bp −$9	12.1 bp −$121	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
Bitget MRVLUSDT	−0.0813%	8h	256.17	+0.019%	$5.6M	$17.0M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.03	−0.037%	$302K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.01	−0.044%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.10	−0.010%	$23.6M	$112.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.96	−0.063%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.05	−0.028%	$6.8M	$23.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.11	−0.004%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.20	+0.031%	$711K	$485K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.31	+0.074%	$648	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.31	+0.074%	$2K	$6.0M	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	0.0000%	1h	256.28	+0.062%	$22K	$144K	10x	as long as short
HTX MRVL-USDTshort	0.0000%	8h	256.37	+0.097%	$131K	$47K	50x
BloFin MRVL-USDT	+0.0010%	8h	256.11	−0.004%	$362K	$182K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	255.59	−0.206%	$593	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	256.07	−0.020%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.02	−0.039%	$89K	$202K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.79	−0.129%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.31	+0.074%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.93	−0.075%	$14.1M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.95	−0.067%	$102K	$80K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.83	−0.114%	$565K	$753K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.02	−0.039%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0094%	1h	256.07	−0.019%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.60	−0.984%	$318K	$634K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.12	0.000%	$4K	$139K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.29	+0.066%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.24	+0.046%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0106%	8h	256.03	−0.035%	$507K	$64K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	256.41	+0.113%	$11K	$12K	10x	as long as short
SoDEX MRVL-USD	+0.0162%	1h	256.07	−0.020%	$164	$15K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+0.984%	$11K	$735	12x	as long as short
edgeX MRVLUSDClong	+0.0566%	4h	256.12	long leg	$36K	$373K	10x