Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.54 per $10,000 · paid last 24h —

Price spread now: Paradex against HTX−0.160%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

Funding pays, the price is against you. Paradex is 0.160% cheaper against HTX than usual: you would sell low and buy high (spread −0.160% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 9.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRVL-USDT	261.68	0	get 0.0000% / 8h	7h 22m	$132K	$45K	50x
Short	Paradex MRVL-USD-PERP	261.26	0.0054	get 0.0054% / 8h	7h 22m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.160%Rate

Funding earned: $11.31
Price spread: −0.160% → 0.000%: −$15.97
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$20.66
Costs to cover: 0.160%
Break-even: 19.8 days

Slippage unknown: HTX: live order book, 49 min ago; Paradex: 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, 49 min ago	0.77 bp	6.8 bp −$7	12.6 bp −$126	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
BloFin MRVL-USDT	−0.0006%	8h	261.17	−0.195%	$376K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.06	−0.237%	$314K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.16	−0.199%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.22	−0.176%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.22	−0.176%	$5.6M	$9.5M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.20	−0.183%	$1K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.98	−0.268%	$23K	$143K	10x	as long as short
HTX MRVL-USDTlong	0.0000%	8h	261.68	long leg	$132K	$45K	50x
Aftermath Perps MRVLUSD	+0.0013%	1h	261.24	−0.168%	$942	$52K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.386%	$335K	$763K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRVL	+0.0026%	8h	261.63	−0.020%	$726K	$765K	—	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.17	−0.195%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.31	−0.141%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.11	−0.218%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.63	−0.019%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.06	−0.237%	$14.8M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.28	−0.153%	$105K	$83K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.78	+0.038%	$575K	$946K	10x	as long as short
Paradex MRVL-USD-PERPshort	+0.0054%	8h	261.26	−0.160%	—	—	5x
SoDEX MRVL-USD	+0.0066%	1h	261.15	−0.203%	$104	$15K	10x	as long as short
Nado MRVL-PERP	+0.0075%	1h	261.23	−0.173%	$89K	$320K	10x	as long as short
Extended MRVL-USD	+0.0080%	1h	261.24	−0.168%	$47K	$347K	10x	as long as short
Binance MRVLUSDT	+0.0081%	8h	261.27	−0.157%	$24.3M	$114.7M	50x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.44	−0.092%	$518K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.66	−0.008%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.11	−0.218%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.09	−0.224%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0114%	8h	261.56	−0.046%	$230	$204K	10x	as long as short
edgeX MRVLUSDC	+0.0165%	4h	261.53	−0.058%	$37K	$369K	10x	as long as short
Bitget MRVLUSDT	+0.0204%	8h	261.26	−0.161%	$5.5M	$16.5M	20x	as long as short
Phoenix MRVL	+0.0216%	1h	261.89	+0.080%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	264.15	+0.944%	$11K	$661	12x	as long as short