Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0597%/8h= +65.4% APRpaid last 24h −0.044%

Price spread now: edgeX against Injective−0.844%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.844% cheaper against Injective than usual: you would sell low and buy high (spread −0.844% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$84 on $10k: about 4.7 days of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MRVL/USDC PERP	263.02	0.0220	pay 0.0028% / 1h	52m 06s	$11K	$680	12x
Short	edgeX MRVLUSDC	260.80	0.0817	get 0.0409% / 4h	1h 52m	$37K	$370K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.844%Rate

Funding earned: $125.37
Price spread: −0.844% → 0.000%: −$84.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $31.97
Costs to cover: 0.090%
Break-even: 5.2 days

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 11 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 edgeX live order book, 11 min ago	5.38 bp	10.2 bp −$10	14.5 bp −$145	doesn't fit	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 31 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	260.49	−0.960%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.58	−0.928%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.57	−0.931%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.64	−0.905%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.64	−0.905%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.75	−0.862%	$716K	$656K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.78	−0.852%	$472	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.62	−0.912%	$2K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.77	−0.855%	$132K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.52	−0.950%	$885	$50K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0026%	1h	260.67	−0.893%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.55	−0.939%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−1.084%	$335K	$631K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.40	−0.996%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0045%	8h	260.64	−0.905%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.98	−0.776%	—	$45K	25x	as long as short
Extended MRVL-USD	+0.0048%	1h	260.54	−0.942%	$51K	$356K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.50	−0.958%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.56	−0.935%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.55	−0.939%	$135	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.51	−0.954%	$575K	$677K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.56	−0.937%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.80	−0.844%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.50	−0.958%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.63	−0.909%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.59	−0.925%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0172%	1h	260.53	−0.947%	$23K	$143K	10x	as long as short
Nado MRVL-PERP	+0.0178%	1h	260.47	−0.970%	$89K	$273K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.48	−0.966%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERPlong	+0.0220%	1h	263.02	long leg	$11K	$680	12x
edgeX MRVLUSDCshort	+0.0817%	4h	260.80	−0.844%	$37K	$370K	10x