Funding you earn now, next payment 22:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h −0.013%
Price spread now: Binance against Phoenix−0.093%105s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.093% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 105 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 | 258.46 | 0.0187 | pay 0.0023% / 1h | 23m 38s | $11K | $12K | 10x |
| Short | Binance MRVLUSDT | 258.22 | 0 | get 0.0000% / 8h | 1h 23m | $24.1M | $114.7M | 50x |
Phoenix MRVL
Binance MRVLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$39.18
- Price spread: −0.093% → 0.000%
- −$9.29
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$65.46
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 4 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 0.19 bp | 6.3 bp −$6 | 12.7 bp −$127 | 57.2 bp −$5,717 | doesn't fit |
Phoenix: 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MRVL-PERP | −0.0037% | 1h | 258.44 | −0.008% | $74K | $309K | 10x | as long as short |
| BloFin MRVL-USDT | −0.0002% | 8h | 258.54 | +0.031% | $376K | $171K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 257.94 | −0.199% | $311K | $331K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 258.17 | −0.112% | $44K | $190K | 10x | as long as short |
| Binance MRVLUSDTshort | 0.0000% | 8h | 258.22 | −0.093% | $24.1M | $114.7M | 50x | |
| Bybit MRVLUSDT | 0.0000% | 8h | 258.19 | −0.104% | $5.1M | $4.1M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 258.20 | −0.101% | $7.1M | $22.4M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 258.26 | −0.077% | $5.5M | $9.8M | 50x | as long as short |
| Bitget MRVLUSDT | 0.0000% | 8h | 258.24 | −0.085% | $5.6M | $16.5M | 20x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 258.53 | +0.028% | $713K | $759K | — | as long as short |
Nado MRVL-PERP
BloFin MRVL-USDT
Aster MRVLUSDT
Extended MRVL-USD
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Bitget MRVLUSDT
Variational Omni MRVLShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 258.52 | +0.022% | $618 | $238K | 10x | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 258.42 | −0.015% | $1K | $6.9M | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 258.38 | −0.031% | $22K | $143K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 258.19 | −0.104% | $130K | $81K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0014% | 1h | 258.35 | −0.042% | $662 | $54K | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 258.26 | −0.077% | $92K | $208K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 258.06 | −0.155% | $25K | $29K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 258.80 | +0.132% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 258.17 | −0.112% | $14.6M | $9.5M | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 258.37 | −0.035% | $258 | $14K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 258.08 | −0.147% | $591K | $940K | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0054% | 1h | 258.68 | +0.085% | $107K | $68K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0059% | 8h | 258.30 | −0.064% | — | — | 5x | as long as short |
| QFEX MRVL-USD | +0.0064% | 1h | 258.48 | +0.008% | $1.1M | $4.2M | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 258.35 | −0.043% | $511K | $68K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 258.02 | −0.170% | $4K | $142K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 258.44 | −0.008% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 258.40 | −0.022% | $18 | — | 10x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0136% | 1h | 257.50 | −0.371% | $317K | $890K | 10x | as long as short |
| Phoenix MRVLlong | +0.0187% | 1h | 258.46 | long leg | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 260.35 | +0.731% | $11K | $610 | 12x | as long as short |
| edgeX MRVLUSDC | +0.0832% | 4h | 258.46 | 0.000% | $36K | $366K | 10x | as long as short |
GRVT MRVL_USDT_Perp
SunX MRVL-USDT
Deribit MRVL_USDC-PERPETUAL
HTX MRVL-USDT
Aftermath Perps MRVLUSD
Lighter MRVL
Arcus MRVL-USD
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Polymarket Perps MRVL-USD
Paradex MRVL-USD-PERP
QFEX MRVL-USD
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Coinbase International MRVL-PERP-INTX
Injective MRVL/USDC PERP
edgeX MRVLUSDC