Funding you earn now, next payment 00:00 UTC−0.0216%/8h= −23.6% APRpaid last 24h −0.048%
Price spread now: SunX against Phoenix−0.294%69s7-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 SunX is 0.294% cheaper against Phoenix than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 69 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 | 261.89 | 0.0216 | pay 0.0027% / 1h | 24m 01s | $11K | $12K | 10x |
| Short | SunX MRVL-USDT | 261.12 | 0 | get 0.0000% / 8h | 7h 24m | $1K | $6.6M | 10x |
Phoenix MRVL
SunX MRVL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$45.27
- Price spread: −0.294% → 0.000%
- −$29.4
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$89.67
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago | 79.65 bp | doesn't fit | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRVLUSDT | 0.0000% | 8h | 261.13 | −0.289% | $314K | $328K | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 260.91 | −0.374% | $5.1M | $4.0M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 261.04 | −0.325% | $7.1M | $22.7M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 261.13 | −0.290% | $5.6M | $9.5M | 50x | as long as short |
| SunX MRVL-USDTshort | 0.0000% | 8h | 261.12 | −0.294% | $1K | $6.6M | 10x | |
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 261.08 | −0.309% | $23K | $143K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 261.68 | −0.080% | $132K | $45K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0014% | 1h | 261.33 | −0.215% | $943 | $52K | 10x | as long as short |
| BloFin MRVL-USDT | +0.0020% | 8h | 261.50 | −0.149% | $375K | $171K | 50x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0024% | 1h | 260.67 | −0.466% | $335K | $764K | 10x | as long as short |
Aster MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Deribit MRVL_USDC-PERPETUAL
HTX MRVL-USDT
Aftermath Perps MRVLUSD
BloFin MRVL-USDT
Coinbase International MRVL-PERP-INTXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MRVL | +0.0026% | 8h | 261.63 | −0.100% | $726K | $765K | — | as long as short |
| QFEX MRVL-USD | +0.0027% | 1h | 261.33 | −0.214% | $1.1M | $4.2M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 261.11 | −0.298% | $96K | $209K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 261.34 | −0.210% | $26K | $28K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 261.90 | +0.004% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 260.96 | −0.355% | $14.8M | $8.8M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 261.35 | −0.206% | $105K | $86K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 261.78 | −0.042% | $575K | $946K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0054% | 8h | 261.36 | −0.203% | — | — | 5x | as long as short |
| Nado MRVL-PERP | +0.0072% | 1h | 261.42 | −0.180% | $89K | $319K | 10x | as long as short |
| Extended MRVL-USD | +0.0080% | 1h | 261.00 | −0.339% | $47K | $347K | 10x | as long as short |
| Binance MRVLUSDT | +0.0082% | 8h | 261.09 | −0.305% | $24.3M | $114.8M | 50x | as long as short |
| SoDEX MRVL-USD | +0.0084% | 1h | 261.14 | −0.286% | $115 | $15K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 261.45 | −0.168% | $517K | $67K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 261.66 | −0.088% | $4K | $142K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 261.21 | −0.260% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 261.14 | −0.288% | $18 | — | 10x | as long as short |
| GRVT MRVL_USDT_Perp | +0.0125% | 8h | 262.04 | +0.059% | $231 | $204K | 10x | as long as short |
| edgeX MRVLUSDC | +0.0182% | 4h | 261.91 | +0.006% | $37K | $368K | 10x | as long as short |
| Bitget MRVLUSDT | +0.0200% | 8h | 261.05 | −0.321% | $5.6M | $16.5M | 20x | as long as short |
| Phoenix MRVLlong | +0.0216% | 1h | 261.89 | long leg | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 263.77 | +0.718% | $11K | $658 | 12x | as long as short |
Variational Omni MRVL
QFEX MRVL-USD
Lighter MRVL
Arcus MRVL-USD
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
Nado MRVL-PERP
Extended MRVL-USD
Binance MRVLUSDT
SoDEX MRVL-USD
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
GRVT MRVL_USDT_Perp
edgeX MRVLUSDC
Bitget MRVLUSDT
Injective MRVL/USDC PERP