Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Injective−1.058%84s7-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 Gate

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 Gate is 1.058% cheaper against Injective than usual: you would sell low and buy high (−$106 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 84 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	Injective MRVL/USDC PERP	261.85	0.0220	pay 0.0028% / 1h	43m 39s	$11K	$620	12x
Short	Gate MRVL_USDT	259.08	0	get 0.0000% / 8h	43m 39s	$5.6M	$9.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −1.058%Rate

Funding earned: −$46.2
Price spread: −1.058% → 0.000%: −$105.79
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$167.01
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	2.51 bp	13.1 bp −$13	28.9 bp −$289	46.0 bp −$4,604	80.6 bp −$40.3K

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
BloFin MRVL-USDT	−0.0025%	8h	259.14	−1.035%	$375K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	258.92	−1.120%	$312K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	258.98	−1.096%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.10	−1.050%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDTshort	0.0000%	8h	259.08	−1.058%	$5.6M	$9.7M	50x
Bitget MRVLUSDT	0.0000%	8h	259.11	−1.046%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.17	−1.022%	$720K	$763K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.16	−1.027%	$1K	$6.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.10	−1.050%	$131K	$80K	50x	as long as short
Binance MRVLUSDT	+0.0006%	8h	259.12	−1.043%	$24.3M	$114.7M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MRVL-USD	+0.0008%	1h	259.07	−1.060%	$49K	$206K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	258.98	−1.095%	$601	$53K	10x	as long as short
Lighter MRVL	+0.0032%	1h	259.16	−1.027%	$96K	$213K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	258.99	−1.092%	$1.1M	$4.3M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	258.86	−1.142%	$25K	$29K	5x	as long as short
GRVT MRVL_USDT_Perp	+0.0043%	8h	259.06	−1.067%	$746	$228K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.40	−0.936%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	258.99	−1.092%	$14.6M	$9.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.03	−1.077%	$109K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.13	−1.039%	$223	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	258.91	−1.123%	$591K	$926K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−1.337%	$319K	$885K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0070%	8h	258.92	−1.118%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	258.96	−1.104%	$513K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	258.83	−1.153%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.16	−1.027%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.11	−1.045%	$18	—	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.19	−1.016%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERPlong	+0.0220%	1h	261.85	long leg	$11K	$620	12x
Nado MRVL-PERP	+0.0233%	1h	258.90	−1.128%	$87K	$316K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0368%	1h	259.10	−1.050%	$22K	$143K	10x	as long as short
edgeX MRVLUSDC	+0.0512%	4h	258.98	−1.094%	$36K	$369K	10x	as long as short