Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.084%

Price spread now: BloFin against Polymarket Perps−0.042%45s7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.326% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.419%−$42 on $10k

Price spread, last 3 days (all we have)−0.042%−$4 · spread now −0.042%, 7d avg −0.098%

Together, before fees−0.460%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.056% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.042% now, against its 7-day average of −0.098%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 5 days (−0.419% in total) that is about 17 hours. The two prices were read 45 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	Polymarket Perps MRVL-USD	261.28	0.0050	pay 0.0006% / 1h	21m 49s	$105K	$83K	10x
Short	BloFin MRVL-USDT	261.17	−0.0006	pay 0.0006% / 8h	7h 21m	$376K	$170K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$11.68
Price spread: −0.042% → −0.098%: $5.62
Slippage, 4 orders: −$12.56
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$38.62
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 50 min ago; BloFin: live order book, 48 min ago.

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 Polymarket Perps live order book, 50 min ago	3.47 bp	7.5 bp −$7	8.8 bp −$88	doesn't fit	doesn't fit
Sell BloFin live order book, 48 min ago	0.19 bp	8.3 bp −$8	13.2 bp −$132	doesn't fit	doesn't fit

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
BloFin MRVL-USDTshort	−0.0006%	8h	261.17	−0.042%	$376K	$170K	50x
Aster MRVLUSDT	0.0000%	8h	260.92	−0.137%	$314K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.11	−0.065%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.15	−0.050%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.14	−0.054%	$5.7M	$9.5M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.33	+0.019%	$1K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.14	−0.054%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.68	+0.153%	$132K	$45K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0013%	1h	261.24	−0.015%	$942	$52K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.233%	$335K	$763K	10x	as long as short

Show 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	+0.133%	$726K	$765K	—	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.17	−0.042%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.20	−0.031%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.11	−0.065%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.63	+0.134%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.04	−0.092%	$14.8M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	261.28	long leg	$105K	$83K	10x
SoDEX MRVL-USD	+0.0050%	1h	261.17	−0.042%	$104	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.78	+0.191%	$575K	$946K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	261.26	−0.007%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0075%	1h	261.23	−0.020%	$89K	$320K	10x	as long as short
Extended MRVL-USD	+0.0080%	1h	261.15	−0.050%	$47K	$347K	10x	as long as short
Binance MRVLUSDT	+0.0081%	8h	261.21	−0.027%	$24.3M	$114.7M	50x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.35	+0.027%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.66	+0.145%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.11	−0.065%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.16	−0.046%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0114%	8h	261.56	+0.107%	$230	$204K	10x	as long as short
edgeX MRVLUSDC	+0.0165%	4h	261.53	+0.095%	$37K	$369K	10x	as long as short
Bitget MRVLUSDT	+0.0204%	8h	261.20	−0.031%	$5.5M	$16.5M	20x	as long as short
Phoenix MRVL	+0.0216%	1h	261.89	+0.233%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	264.15	+1.098%	$11K	$661	12x	as long as short