Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.048%

Price spread now: Bitget against Injective−1.029%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bitget

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 against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 1.029% cheaper against Injective than usual: you would sell low and buy high (−$103 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MRVL/USDC PERP	260.35	0.0220	pay 0.0028% / 1h	47m 15s	$11K	$610	12x
Short	Bitget MRVLUSDT	257.67	0	get 0.0000% / 8h	1h 47m	$5.6M	$16.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −1.029%Rate

Funding earned: −$46.2
Price spread: −1.029% → 0.000%: −$102.94
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$161.16
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 1 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	1.94 bp	10.8 bp −$11	15.3 bp −$153	39.4 bp −$3,938	doesn't fit

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
Nado MRVL-PERP	−0.0129%	1h	257.62	−1.047%	$152K	$257K	10x	as long as short
BloFin MRVL-USDT	−0.0016%	8h	257.75	−0.999%	$376K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.66	−1.033%	$311K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.56	−1.071%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.61	−1.052%	$24.1M	$114.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.54	−1.079%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.58	−1.064%	$7.1M	$22.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.68	−1.026%	$5.5M	$9.8M	50x	as long as short
Bitget MRVLUSDTshort	0.0000%	8h	257.67	−1.029%	$5.6M	$16.3M	20x
Variational Omni MRVL	0.0000%	8h	257.80	−0.978%	$711K	$759K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRVL_USDT_Perp	0.0000%	8h	257.77	−0.990%	$382	$248K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	257.59	−1.060%	$1K	$7.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	257.63	−1.045%	$22K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.73	−1.006%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	257.61	−1.054%	$598	$54K	10x	as long as short
Lighter MRVL	+0.0032%	1h	257.79	−0.983%	$91K	$208K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	257.32	−1.164%	$25K	$30K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.92	−0.933%	—	$41K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.53	−1.083%	$14.6M	$9.7M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.57	−1.068%	$268	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.67	−1.029%	$588K	$941K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0054%	1h	257.76	−0.995%	$106K	$66K	10x	as long as short
QFEX MRVL-USD	+0.0064%	1h	257.63	−1.045%	$1.1M	$4.2M	10x	as long as short
Paradex MRVL-USD-PERP	+0.0066%	8h	257.70	−1.020%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	257.51	−1.091%	$509K	$70K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.58	−1.064%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.61	−1.052%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.61	−1.054%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	257.50	−1.095%	$317K	$892K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	257.73	−1.006%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERPlong	+0.0220%	1h	260.35	long leg	$11K	$610	12x
edgeX MRVLUSDC	+0.0487%	4h	257.78	−0.985%	$36K	$368K	10x	as long as short