Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Gate−0.416%111s7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as 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−$1251.255% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.449%+$45 on $10k

Price spread, last 3 days (all we have)+0.392%+$39 · spread now −0.416%, 7d avg −0.016%

Together, before fees+0.841%+$84 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.400% cheaper against Gate than usual: you would sell low and buy high (spread −0.416% now, against its 7-day average of −0.016%). If the spread goes back, that is −$40 on $10k: about 13 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.449% in total) that is about 6.2 days. The two prices were read 111 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	Gate MRVL_USDT	262.01	0	get 0.0000% / 8h	7h 47m	$5.7M	$9.4M	50x
Short	ApeX Omni MRVLUSDT	260.92	0.0100	get 0.0013% / 1h	47m 36s	$4K	$142K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.416%Rate

Funding earned: $21
Price spread: −0.416% → −0.016%: −$40.03
Slippage, 4 orders: −$100.47
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$144.5
Costs to cover: 1.255%
Break-even: 55.2 days

Slippage from Gate: live order book, 1 min ago; ApeX Omni: live order book, 23 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 Gate live order book, 1 min ago	3.63 bp	18.9 bp −$19	38.7 bp −$387	50.5 bp −$5,051	84.4 bp −$42.2K
Sell ApeX Omni live order book, 23 min ago	27.20 bp	38.4 bp −$38	201.1 bp −$2,011	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
Aster MRVLUSDT	0.0000%	8h	261.85	−0.060%	$316K	$327K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.93	−0.031%	$5.2M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.96	−0.019%	$7.1M	$22.8M	50x	as long as short
Gate MRVL_USDTlong	0.0000%	8h	262.01	long leg	$5.7M	$9.4M	50x
Bitget MRVLUSDT	0.0000%	8h	261.92	−0.034%	$5.6M	$16.5M	20x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.26	−0.667%	$297	$221K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	262.11	+0.038%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	262.06	+0.019%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.82	−0.073%	$132K	$51K	50x	as long as short
Variational Omni MRVL	+0.0005%	8h	261.21	−0.304%	$724K	$767K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRVL-USDT	+0.0009%	8h	261.86	−0.057%	$376K	$171K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	260.71	−0.496%	$953	$52K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	258.35	−1.397%	$319K	$764K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.88	−0.050%	$1.1M	$4.3M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.99	−0.008%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.22	−0.302%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	262.40	+0.149%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.89	−0.046%	$14.7M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	262.09	+0.031%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.80	−0.080%	$580K	$944K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0056%	8h	261.90	−0.041%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0059%	1h	262.04	+0.011%	$89K	$316K	10x	as long as short
Extended MRVL-USD	+0.0064%	1h	261.90	−0.043%	$47K	$239K	10x	as long as short
Binance MRVLUSDT	+0.0067%	8h	261.95	−0.023%	$24.3M	$115.0M	50x	as long as short
edgeX MRVLUSDC	+0.0100%	4h	261.72	−0.111%	$37K	$370K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.94	−0.027%	$519K	$69K	20x	as long as short
ApeX Omni MRVLUSDTshort	+0.0100%	1h	260.92	−0.416%	$4K	$142K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	262.04	+0.011%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.85	−0.063%	$18	—	10x	as long as short
Phoenix MRVL	+0.0216%	1h	260.21	−0.687%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.96	+0.363%	$11K	$638	12x	as long as short
SoDEX MRVL-USD	+0.0880%	1h	261.90	−0.042%	$152	$14K	10x	as long as short