Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.015%

Price spread now: Orderly against Ondo Perps−0.039%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.039% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MRVL-USD.P	255.18	0.0050	pay 0.0006% / 1h	6m 46s	$539K	$848K	10x
Short	Orderly PERP_MRVL_USDC_mythos	255.08	0.0100	get 0.0100% / 8h	6m 46s	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Ondo Perps. 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 Ondo PerpsbpFee OrderlybpOrdersPrice spread, now −0.039%Rate

Funding earned: $10.42
Price spread: −0.039% → 0.000%: −$3.92
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$4.5
Costs to cover: 0.110%
Break-even: 10.0 days

Slippage unknown: Ondo Perps: no order-book sample; Orderly: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Ondo Perps and Orderly: 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
Bitget MRVLUSDT	−0.0515%	8h	255.30	+0.047%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.27	+0.035%	$335K	$652K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.14	−0.016%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.09	−0.037%	$50K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.24	+0.024%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.04	−0.055%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.17	−0.004%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.20	+0.008%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.09	−0.034%	$714K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.14	−0.016%	$967	$187K	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	255.19	+0.004%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.00	−0.071%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.23	+0.020%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0011%	8h	255.15	−0.012%	$365K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.10	−0.033%	$592	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.18	0.000%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.14	−0.016%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.98	−0.078%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.50	+0.125%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.10	−0.031%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.06	−0.047%	$99K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.11	−0.027%	$153	$15K	10x	as long as short
Ondo Perps MRVL-USD.Plong	+0.0050%	1h	255.18	long leg	$539K	$848K	10x
Paradex MRVL-USD-PERP	+0.0051%	8h	255.08	−0.038%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0057%	1h	255.04	−0.055%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.07	−0.043%	$504K	$76K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.11	−0.027%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	255.08	−0.039%	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	255.03	−0.058%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.31	+0.051%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.113%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0522%	4h	255.15	−0.013%	$36K	$373K	10x	as long as short