Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against KuCoin−0.237%7-day average −0.047% · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.165%+$16 · spread now −0.237%, 7d avg −0.047%

Together, before fees+0.120%+ Points / potential airdropOndo Perps: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.190% cheaper against KuCoin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.047%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MRVLUSDTM	257.13	0.0100	pay 0.0100% / 8h	3h 37m	$509K	$61K	20x
Short	Ondo Perps MRVL-USD.P	256.52	0.0050	get 0.0006% / 1h	37m 00s	$573K	$720K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now −0.237%Rate

Funding earned: −$10.42
Price spread: −0.237% → −0.047%: −$19.04
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$46.46
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 36 min ago; Ondo Perps: 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 KuCoin live order book, 36 min ago	5.38 bp	68.2 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0021%	8h	257.02	−0.043%	$372K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.84	−0.114%	$308K	$338K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.02	−0.041%	$46K	$343K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.09	−0.015%	$23.6M	$109.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.99	−0.054%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.05	−0.031%	$6.9M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.04	−0.035%	$5.5M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	257.15	+0.008%	$5.5M	$16.2M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	257.34	+0.084%	$714K	$631K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.75	−0.149%	$816	$190K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	256.64	−0.191%	$1K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.94	−0.074%	$130K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	257.19	+0.024%	$597	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.63	−0.194%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.94	−0.074%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.80	−0.128%	$25K	$26K	5x	as long as short
Nado MRVL-PERP	+0.0045%	1h	256.40	−0.283%	$87K	$272K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.94	−0.074%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.95	−0.070%	$14.4M	$8.5M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.54	−0.229%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.58	−0.214%	$185	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	256.52	−0.237%	$573K	$720K	10x
Paradex MRVL-USD-PERP	+0.0053%	8h	256.47	−0.256%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	256.54	−0.229%	$329K	$623K	10x	as long as short
KuCoin MRVLUSDTMlong	+0.0100%	8h	257.13	long leg	$509K	$61K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	256.63	−0.194%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.78	−0.136%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.75	−0.148%	$18	—	10x	as long as short
Phoenix MRVL	+0.0185%	1h	257.70	+0.222%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0187%	4h	256.78	−0.135%	$36K	$372K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+1.758%	$11K	$734	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0412%	1h	256.90	−0.089%	$22K	$144K	10x	as long as short