Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h −0.048%

Price spread now: Gate against Phoenix−0.246%62s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Gate

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—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.246% cheaper against Phoenix than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 62 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	256.41	0.0157	pay 0.0020% / 1h	4m 17s	$11K	$12K	10x
Short	Gate MRVL_USDT	255.78	0	get 0.0000% / 8h	2h 04m	$5.2M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phoenix. 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 PhoenixbpFee GatebpOrdersPrice spread, now −0.246%Rate

Funding earned: −$32.9
Price spread: −0.246% → 0.000%: −$24.57
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$79.47
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Gate: 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 Gate live order book, 4 min ago	2.54 bp	13.6 bp −$14	31.9 bp −$319	45.9 bp −$4,589	80.8 bp −$40.4K

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
Bitget MRVLUSDT	−0.0761%	8h	255.64	−0.300%	$5.6M	$17.0M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.69	−0.280%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.61	−0.311%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.64	−0.302%	$23.6M	$112.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.42	−0.386%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.59	−0.320%	$6.8M	$23.8M	50x	as long as short
Gate MRVL_USDTshort	0.0000%	8h	255.78	−0.246%	$5.2M	$8.6M	50x
Variational Omni MRVL	0.0000%	8h	256.06	−0.136%	$712K	$485K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.19	−0.085%	$648	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.54	−0.339%	$1K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.56	−0.332%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.08	−0.129%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	255.68	−0.285%	$632	$48K	10x	as long as short
BloFin MRVL-USDT	+0.0028%	8h	255.74	−0.261%	$361K	$182K	50x	as long as short
QFEX MRVL-USD	+0.0030%	1h	255.76	−0.254%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.48	−0.363%	$88K	$202K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.74	−0.261%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.02	−0.152%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.65	−0.296%	$14.1M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.58	−0.324%	$101K	$80K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.47	−0.367%	$566K	$753K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	255.60	−0.316%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0091%	1h	255.61	−0.311%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.60	−1.096%	$318K	$634K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.16	−0.098%	$4K	$139K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.79	−0.242%	$2K	$3K	10x	as long as short
KuCoin MRVLUSDTM	+0.0104%	8h	255.78	−0.246%	$505K	$64K	20x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.70	−0.277%	$18	—	10x	as long as short
SoDEX MRVL-USD	+0.0118%	1h	255.56	−0.332%	$164	$15K	10x	as long as short
Phoenix MRVLlong	+0.0157%	1h	256.41	long leg	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+0.870%	$11K	$735	12x	as long as short
edgeX MRVLUSDC	+0.0334%	4h	256.17	−0.094%	$36K	$374K	10x	as long as short