Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0056%/8h= −6.2% APRpaid last 24h −0.018%

Price spread now: Orderly against Phoenix+0.008%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Orderly

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MRVL	255.02	0.0156	pay 0.0020% / 1h	50m 56s	$11K	$12K	10x
Short	Orderly PERP_MRVL_USDC_mythos	255.04	0.0100	get 0.0100% / 8h	1h 50m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.008%Rate

Funding earned: −$11.84
Price spread: +0.008% → 0.000%: $0.78
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$24.06
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Orderly: 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 Orderly no order-book sample	—	—	—	—	—

Phoenix and Orderly: 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	−0.0724%	8h	255.39	+0.145%	$5.5M	$17.1M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.11	+0.037%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.19	+0.067%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.23	+0.081%	$23.6M	$113.1M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.08	+0.024%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.19	+0.067%	$6.8M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.15	+0.051%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.15	+0.051%	$710K	$482K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.98	−0.017%	$403	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	254.90	−0.047%	$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	255.03	+0.004%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.95	−0.027%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0001%	8h	255.06	+0.016%	$365K	$183K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.12	+0.040%	$643	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	254.72	−0.118%	$324K	$642K	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.07	+0.020%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	254.93	−0.035%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.83	−0.075%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.19	+0.067%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.01	−0.004%	$14.0M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.91	−0.043%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.93	−0.035%	$178	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.74	−0.110%	$554K	$762K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.85	−0.068%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0078%	1h	254.86	−0.063%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.25	+0.090%	$505K	$65K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.09	+0.027%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	255.04	+0.008%	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	255.03	+0.005%	$18	—	10x	as long as short
Phoenix MRVLlong	+0.0156%	1h	255.02	long leg	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	258.37	+1.314%	$11K	$840	12x	as long as short
edgeX MRVLUSDC	+0.0826%	4h	254.91	−0.042%	$36K	$374K	10x	as long as short