Funding you earn now, next payment 04:00 UTC−0.0145%/8h= −15.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.011%
Price spread now: Arcus against Phoenix−0.074%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Arcus is 0.074% cheaper against Phoenix than usual: you would sell low and buy high (−$7 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 | Phoenix MRVL | 255.50 | 0.0185 | pay 0.0023% / 1h | 6m 19s | $11K | $12K | 10x |
| Short | Arcus MRVL-USD | 255.31 | 0.0040 | get 0.0005% / 1h | 6m 19s | $24K | $27K | 5x |
Phoenix MRVL
Arcus MRVL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$30.4
- Price spread: −0.074% → 0.000%
- −$7.44
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$49.33
- Costs to cover
- 0.115%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Arcus: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Arcus no order-book sample | — | — | — | — | — |
Phoenix and Arcus: 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 | −0.0464% | 8h | 256.06 | +0.219% | $5.5M | $16.4M | 20x | as long as short |
| BloFin MRVL-USDT | −0.0008% | 8h | 255.27 | −0.090% | $367K | $174K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 256.12 | +0.244% | $301K | $339K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 255.95 | +0.177% | $49K | $269K | 10x | as long as short |
| Binance MRVLUSDT | 0.0000% | 8h | 256.10 | +0.235% | $23.5M | $110.0M | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 256.00 | +0.196% | $5.0M | $3.9M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 255.98 | +0.188% | $6.8M | $22.8M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 256.07 | +0.223% | $5.4M | $8.3M | 50x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 255.57 | +0.027% | $709K | $628K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 255.28 | −0.086% | $243 | $191K | 10x | as long as short |
Bitget MRVLUSDT
BloFin MRVL-USDT
Aster MRVLUSDT
Extended MRVL-USD
Binance MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Variational Omni MRVL
GRVT MRVL_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MRVL-USDT | 0.0000% | 8h | 256.01 | +0.200% | $1K | $6.0M | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 256.01 | +0.200% | $22K | $144K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 255.46 | −0.016% | $129K | $42K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0022% | 1h | 255.65 | +0.059% | $593 | $48K | 10x | as long as short |
| QFEX MRVL-USD | +0.0025% | 1h | 255.91 | +0.160% | $1.1M | $3.6M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 255.85 | +0.137% | $89K | $203K | 10x | as long as short |
| Arcus MRVL-USDshort | +0.0040% | 1h | 255.31 | −0.074% | $24K | $27K | 5x | |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 256.10 | +0.235% | — | $50K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 255.91 | +0.160% | $14.1M | $8.7M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 255.91 | +0.160% | $102K | $80K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 255.77 | +0.106% | $133 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 255.47 | −0.012% | $547K | $726K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0051% | 8h | 255.83 | +0.128% | — | — | 5x | as long as short |
| edgeX MRVLUSDC | +0.0087% | 4h | 255.33 | −0.066% | $36K | $372K | 10x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0088% | 1h | 255.30 | −0.078% | $321K | $633K | 10x | as long as short |
| Nado MRVL-PERP | +0.0095% | 1h | 255.92 | +0.163% | $87K | $272K | 10x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 255.28 | −0.086% | $4K | $140K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 256.01 | +0.200% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 255.97 | +0.184% | $18 | — | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0111% | 8h | 256.21 | +0.278% | $506K | $62K | 20x | as long as short |
| Phoenix MRVLlong | +0.0185% | 1h | 255.50 | long leg | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 261.65 | +2.407% | $11K | $734 | 12x | as long as short |
SunX MRVL-USDT
Deribit MRVL_USDC-PERPETUAL
HTX MRVL-USDT
Aftermath Perps MRVLUSD
QFEX MRVL-USD
Lighter MRVL
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
edgeX MRVLUSDC
Coinbase International MRVL-PERP-INTX
Nado MRVL-PERP
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
KuCoin MRVLUSDTM
Injective MRVL/USDC PERP