Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.125%

Price spread now: OKX against edgeX−0.066%71s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as 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−$410.406% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.066%, 7d avg −0.017%

Together, before fees−0.170%+ Points / potential airdropedgeX: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.050% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.017%). Swap the legs. The two prices were read 71 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	256.12	0.0022	pay 0.0011% / 4h	2h 02m	$36K	$375K	10x
Short	OKX MRVL-USDT-SWAP	255.95	0	get 0.0000% / 8h	6h 02m	$7.0M	$25.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$4.65
Price spread: −0.066% → −0.017%: −$4.97
Slippage, 4 orders: −$21.64
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$50.26
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from edgeX: live order book, 49 min ago; OKX: 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, 49 min ago	5.51 bp	10.3 bp −$10	14.4 bp −$144	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.19 bp	8.6 bp −$9	20.4 bp −$204	doesn't fit	doesn't fit

MRVL on 32 exchanges

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	256.14	+0.007%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.97	−0.059%	$46K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.98	−0.055%	$23.6M	$119.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.87	−0.098%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAPshort	0.0000%	8h	255.95	−0.066%	$7.0M	$25.9M	50x
Gate MRVL_USDT	0.0000%	8h	256.12	0.000%	$5.0M	$8.6M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	256.12	0.000%	$5.5M	$19.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	256.10	−0.006%	$710K	$214K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	255.61	−0.199%	$2K	$5.3M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.79	−0.129%	$131K	$48K	50x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRVL-USDT	0.0000%	8h	256.28	+0.062%	$372K	$212K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.37	−0.292%	$1K	$43K	10x	as long as short
edgeX MRVLUSDClong	+0.0022%	4h	256.12	long leg	$36K	$375K	10x
QFEX MRVL-USD	+0.0031%	1h	255.96	−0.063%	$1.2M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.11	−0.004%	$89K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.86	−0.492%	$22K	$22K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.24	+0.047%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.85	−0.106%	$14.1M	$9.4M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.88	−0.094%	$200	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.55	−0.223%	$542K	$858K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.05	−0.026%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0056%	1h	256.08	−0.017%	$87K	$276K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.88	−0.094%	$505K	$222K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.94	−0.070%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.96	−0.063%	$2K	$2K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0102%	1h	255.96	−0.063%	$22K	$145K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.81	−0.120%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0105%	8h	256.03	−0.035%	$947	$181K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0128%	1h	255.76	−0.141%	$317K	$491K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	255.85	−0.106%	$11K	$13K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.199%	$11K	$832	12x	as long as short
Polymarket Perps MRVL-USD	+0.0238%	1h	256.52	+0.156%	$100K	$76K	10x	as long as short