Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against OKX+0.118%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$930.928% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.118%, 7d avg +0.009%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.109% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRVL-USDT-SWAP	254.20	0	get 0.0000% / 8h	4h 07m	$6.9M	$25.9M	50x
Short	ApeX Omni MRVLUSDT	254.50	0.0100	get 0.0013% / 1h	7m 26s	$4K	$145K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.118%Rate

Funding earned: $21
Price spread: +0.118% → +0.009%: $10.89
Slippage, 4 orders: −$72.76
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$60.87
Costs to cover: 0.928%
Break-even: 27.3 days

Slippage from OKX: live order book, 4 min ago; ApeX Omni: live order book, 31 min ago.

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 OKX live order book, 4 min ago	0.20 bp	8.8 bp −$9	15.7 bp −$157	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 31 min ago	27.39 bp	37.5 bp −$38	208.3 bp −$2,083	doesn't fit	doesn't fit

MRVL on 32 exchanges

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	−0.0004%	8h	254.32	+0.047%	$332K	$206K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.27	+0.027%	$300K	$334K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.22	+0.010%	$46K	$353K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.32	+0.048%	$23.8M	$121.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.20	0.000%	$4.9M	$4.3M	50x	as long as short
OKX MRVL-USDT-SWAPlong	0.0000%	8h	254.20	long leg	$6.9M	$25.9M	50x
Gate MRVL_USDT	0.0000%	8h	254.26	+0.024%	$4.9M	$8.5M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	254.35	+0.059%	$5.5M	$19.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	254.55	+0.136%	$708K	$191K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.63	+0.171%	$657	$177K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	254.27	+0.028%	$1K	$5.0M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.48	+0.110%	$131K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0005%	1h	254.37	+0.066%	$1K	$41K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0025%	1h	254.22	+0.008%	$22K	$145K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	254.18	−0.008%	$1.2M	$3.4M	10x	as long as short
Lighter MRVL	+0.0032%	1h	253.99	−0.083%	$104K	$183K	10x	as long as short
Injective MRVL/USDC PERP	+0.0033%	1h	259.12	+1.935%	$11K	$820	12x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.08	−0.047%	$22K	$18K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.44	+0.094%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.09	−0.043%	$14.0M	$9.0M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.22	+0.008%	$168	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.44	+0.094%	$543K	$850K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	254.19	−0.006%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.34	+0.055%	$503K	$353K	20x	as long as short
ApeX Omni MRVLUSDTshort	+0.0100%	1h	254.50	+0.118%	$4K	$145K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.24	+0.016%	$2K	$2K	10x	as long as short
Nado MRVL-PERP	+0.0100%	1h	254.22	+0.006%	$87K	$275K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.16	−0.016%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	254.27	+0.028%	$11K	$13K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0160%	1h	254.77	+0.224%	$317K	$412K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0232%	1h	254.48	+0.110%	$53K	$151K	10x	as long as short
edgeX MRVLUSDC	+0.0740%	4h	254.39	+0.077%	$36K	$374K	10x	as long as short