Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.52 per $10,000 · paid last 24h —

Price spread now: Bybit against Paradex−0.139%49s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.139% cheaper against Paradex than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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	Paradex MRVL-USD-PERP	256.37	0.0052	pay 0.0052% / 8h	2h 44m	—	—	5x
Short	Bybit MRVLUSDT	256.01	0	get 0.0000% / 8h	2h 44m	$5.0M	$3.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Paradex. 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 ParadexbpFee BybitbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$11.01
Price spread: −0.139% → 0.000%: −$13.94
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.95
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 3 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 Paradex no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	1.37 bp	14.0 bp −$14	35.1 bp −$351	doesn't fit	doesn't fit

Paradex: 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	−0.0545%	8h	256.14	−0.089%	$5.5M	$16.5M	20x	as long as short
BloFin MRVL-USDT	−0.0003%	8h	256.26	−0.042%	$366K	$177K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.03	−0.130%	$301K	$340K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.99	−0.146%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.11	−0.100%	$23.6M	$110.6M	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	256.01	−0.139%	$5.0M	$3.9M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	256.06	−0.120%	$6.8M	$23.0M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.02	−0.136%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.11	−0.102%	$710K	$497K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.16	−0.080%	$738	$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	256.47	+0.040%	$2K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.27	−0.038%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.29	−0.030%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0023%	1h	256.26	−0.042%	$595	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	256.21	−0.061%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.26	−0.042%	$89K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.10	−0.104%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.46	+0.036%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.98	−0.151%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.12	−0.097%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.22	−0.058%	$143	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.11	−0.100%	$562K	$750K	10x	as long as short
Paradex MRVL-USD-PERPlong	+0.0052%	8h	256.37	long leg	—	—	5x
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	254.95	−0.553%	$322K	$632K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.20	−0.065%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.27	−0.038%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.24	−0.048%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0122%	8h	256.30	−0.026%	$506K	$62K	20x	as long as short
Nado MRVL-PERP	+0.0124%	1h	256.10	−0.105%	$87K	$272K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	256.70	+0.130%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0197%	4h	256.20	−0.064%	$36K	$374K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+0.886%	$11K	$735	12x	as long as short