Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Bybit against SoDEX+0.034%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, funding is against you. Bybit is 0.034% dearer against SoDEX than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MRVL-USD	261.28	0.0050	pay 0.0006% / 1h	21m 26s	$99	$15K	10x
Short	Bybit MRVLUSDT	261.37	0	get 0.0000% / 8h	7h 21m	$5.2M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SoDEX. 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 SoDEXbpFee BybitbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$10.5
Price spread: +0.034% → 0.000%: $3.44
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.06
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 1 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 SoDEX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	1.72 bp	11.6 bp −$12	25.1 bp −$251	doesn't fit	doesn't fit

SoDEX: 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
BloFin MRVL-USDT	−0.0006%	8h	261.17	−0.042%	$376K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.07	−0.079%	$314K	$328K	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	261.37	+0.034%	$5.2M	$4.0M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	261.45	+0.065%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.34	+0.023%	$5.7M	$9.5M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.47	+0.073%	$2K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.33	+0.019%	$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	261.32	+0.014%	$943	$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	261.43	+0.058%	$725K	$765K	—	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.22	−0.023%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.22	−0.023%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.07	−0.080%	$26K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.74	+0.176%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.27	−0.004%	$14.9M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.43	+0.057%	$105K	$83K	10x	as long as short
SoDEX MRVL-USDlong	+0.0050%	1h	261.28	long leg	$99	$15K	10x
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.07	−0.080%	$573K	$930K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	261.19	−0.035%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0077%	1h	261.16	−0.046%	$89K	$320K	10x	as long as short
Extended MRVL-USD	+0.0080%	1h	261.40	+0.045%	$47K	$347K	10x	as long as short
Binance MRVLUSDT	+0.0083%	8h	261.46	+0.069%	$24.3M	$114.7M	50x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.51	+0.088%	$518K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.13	−0.057%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.31	+0.011%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.33	+0.021%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0114%	8h	261.56	+0.107%	$230	$204K	10x	as long as short
Bitget MRVLUSDT	+0.0206%	8h	261.36	+0.031%	$5.5M	$16.5M	20x	as long as short
Phoenix MRVL	+0.0216%	1h	261.29	+0.004%	$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
edgeX MRVLUSDC	+0.0860%	4h	261.13	−0.056%	$37K	$369K	10x	as long as short