Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%

Price spread now: Orderly against Extended−0.055%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.055% cheaper against Extended than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 44 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MRVL-USD	253.97	0	get 0.0000% / 1h	23m 54s	$47K	$268K	10x
Short	Orderly PERP_MRVL_USDC_mythos	253.83	0.0100	get 0.0100% / 8h	2h 23m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Extended. 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 ExtendedbpFee OrderlybpOrdersPrice spread, now −0.055%Rate

Funding earned: $21
Price spread: −0.055% → 0.000%: −$5.45
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $4.55
Costs to cover: 0.110%
Break-even: 5.5 days

Slippage unknown: Extended: live order book, 23 min ago; Orderly: no order-book sample. Net counts fees only.

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 Extended live order book, 23 min ago	0.98 bp	7.1 bp −$7	87.9 bp −$879	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0880%	8h	254.13	+0.064%	$5.5M	$16.8M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	253.99	+0.008%	$299K	$341K	50x	as long as short
Extended MRVL-USDlong	0.0000%	1h	253.97	long leg	$47K	$268K	10x
Binance MRVLUSDT	0.0000%	8h	254.09	+0.048%	$23.4M	$111.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	253.96	−0.003%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	253.84	−0.051%	$6.7M	$23.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.08	+0.044%	$5.2M	$8.5M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	253.73	−0.093%	$704K	$489K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.58	+0.239%	$1K	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	253.89	−0.031%	$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
HTX MRVL-USDT	0.0000%	8h	253.64	−0.129%	$128K	$43K	50x	as long as short
BloFin MRVL-USDT	+0.0010%	8h	253.87	−0.039%	$365K	$178K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	253.99	+0.008%	$643	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	253.90	−0.027%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	253.84	−0.051%	$88K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	253.68	−0.114%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.03	+0.024%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	253.79	−0.070%	$14.0M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	253.62	−0.137%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	253.74	−0.090%	$162	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	253.57	−0.157%	$556K	$742K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	253.73	−0.093%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0081%	1h	253.69	−0.110%	$86K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.60	−0.145%	$318K	$634K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	253.75	−0.086%	$4K	$139K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	253.83	−0.055%	$2K	$3K	10x
KuCoin MRVLUSDTM	+0.0104%	8h	254.15	+0.071%	$502K	$63K	20x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	253.83	−0.053%	$18	—	10x	as long as short
Phoenix MRVL	+0.0157%	1h	254.67	+0.276%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.839%	$11K	$735	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0223%	1h	253.93	−0.015%	$22K	$144K	10x	as long as short
edgeX MRVLUSDC	+0.0364%	4h	253.70	−0.104%	$36K	$372K	10x	as long as short