Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against HTX+0.799%65s7-day average — · you sell dearer than you buy

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

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.799% dearer against HTX than usual: you sell high and buy low: +$80 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 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	HTX MRVL-USDT	256.59	0	get 0.0000% / 8h	2h 48m	$129K	$42K	50x
Short	Injective MRVL/USDC PERP	258.64	0.0220	get 0.0028% / 1h	48m 12s	$11K	$735	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now +0.799%Rate

Funding earned: $46.2
Price spread: +0.799% → 0.000%: $79.89
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $114.07
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 63 min ago; Injective: 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 HTX live order book, 63 min ago	2.33 bp	8.6 bp −$9	17.2 bp −$172	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0547%	8h	256.48	−0.043%	$5.5M	$16.5M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.36	−0.088%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.37	−0.085%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.39	−0.078%	$23.6M	$110.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.36	−0.090%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.39	−0.078%	$6.8M	$23.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.41	−0.070%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.60	+0.004%	$712K	$498K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.64	+0.019%	$780	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.56	−0.012%	$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	256.37	−0.086%	$22K	$144K	10x	as long as short
HTX MRVL-USDTlong	0.0000%	8h	256.59	long leg	$129K	$42K	50x
BloFin MRVL-USDT	+0.0003%	8h	256.33	−0.101%	$366K	$177K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	256.28	−0.122%	$595	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	256.41	−0.070%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.40	−0.074%	$89K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.27	−0.125%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.74	+0.058%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.31	−0.109%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.25	−0.133%	$102K	$80K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.61	+0.008%	$562K	$751K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.32	−0.104%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	254.95	−0.639%	$322K	$632K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.59	0.000%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.39	−0.078%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.39	−0.080%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0120%	8h	256.41	−0.070%	$506K	$62K	20x	as long as short
Nado MRVL-PERP	+0.0130%	1h	256.32	−0.106%	$87K	$272K	10x	as long as short
SoDEX MRVL-USD	+0.0136%	1h	256.37	−0.086%	$128	$15K	10x	as long as short
edgeX MRVLUSDC	+0.0145%	4h	256.44	−0.058%	$36K	$373K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	256.70	+0.043%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERPshort	+0.0220%	1h	258.64	+0.799%	$11K	$735	12x