Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h —

Price spread now: Injective against Paradex+1.941%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Injective

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

The price spread pays, funding is against you. Injective is 1.941% dearer against Paradex than usual: you sell high and buy low (spread +1.941% now, against zero (this spread has no 7-day history yet)): +$194 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MRVL-USD-PERP	254.19	0.0053	pay 0.0053% / 8h	4h 07m	—	—	5x
Short	Injective MRVL/USDC PERP	259.12	0.0033	get 0.0004% / 1h	7m 19s	$11K	$820	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.941%Rate

Funding earned: −$4.17
Price spread: +1.941% → 0.000%: $194.15
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $185.96
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Injective: 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 Paradex no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Paradex and 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 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	−0.0002%	8h	254.16	−0.010%	$332K	$207K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.27	+0.035%	$300K	$334K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.23	+0.017%	$46K	$353K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.34	+0.061%	$23.8M	$121.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.24	+0.022%	$4.9M	$4.3M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.20	+0.006%	$6.9M	$25.9M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.26	+0.029%	$4.9M	$8.5M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	254.32	+0.053%	$5.4M	$19.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	254.55	+0.142%	$708K	$191K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.63	+0.177%	$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	254.35	+0.065%	$2K	$5.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.18	−0.002%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.17	−0.006%	$131K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0005%	1h	254.37	+0.071%	$1K	$41K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	254.18	−0.002%	$1.2M	$3.4M	10x	as long as short
Lighter MRVL	+0.0032%	1h	253.95	−0.092%	$104K	$183K	10x	as long as short
Injective MRVL/USDC PERPshort	+0.0033%	1h	259.12	+1.941%	$11K	$820	12x
Arcus MRVL-USD	+0.0040%	1h	254.08	−0.041%	$22K	$18K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.44	+0.100%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.09	−0.037%	$14.0M	$9.0M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.22	+0.014%	$168	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.44	+0.100%	$543K	$850K	10x	as long as short
Paradex MRVL-USD-PERPlong	+0.0053%	8h	254.19	long leg	—	—	5x
KuCoin MRVLUSDTM	+0.0100%	8h	254.34	+0.061%	$503K	$353K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.50	+0.124%	$4K	$145K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.25	+0.026%	$2K	$2K	10x	as long as short
Nado MRVL-PERP	+0.0100%	1h	254.22	+0.012%	$87K	$275K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.17	−0.008%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	254.27	+0.033%	$11K	$13K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0160%	1h	254.77	+0.230%	$317K	$411K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0232%	1h	254.48	+0.116%	$53K	$151K	10x	as long as short
edgeX MRVLUSDC	+0.0740%	4h	254.39	+0.083%	$36K	$374K	10x	as long as short