Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0817%/8h= +89.5% APRpaid last 24h +0.022%

Price spread now: edgeX against SunX+0.069%74s7-day average −0.006% · you sell dearer than you buy

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

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$20 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.069%, 7d avg −0.006%

Together, before fees+0.143%+ Points / potential airdropedgeX: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and edgeX is 0.076% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.195% in total (about 10.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MRVL-USDT	260.62	0	get 0.0000% / 8h	5h 51m	$2K	$6.2M	10x
Short	edgeX MRVLUSDC	260.80	0.0817	get 0.0409% / 4h	1h 51m	$37K	$370K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SunX. 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 SunXbpFee edgeXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $171.57
Price spread: +0.069% → −0.006%: $7.55
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $162.12
Costs to cover: 0.170%
Break-even: 0.4 days

Slippage unknown: SunX: live order book, 7 min ago; edgeX: live order book, 11 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 SunX live order book, 7 min ago	44.72 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 11 min ago	5.38 bp	10.2 bp −$10	14.5 bp −$145	doesn't fit	doesn't fit

MRVL on 31 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	260.53	−0.036%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.57	−0.019%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.57	−0.019%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.63	+0.004%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.64	+0.008%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.75	+0.051%	$716K	$656K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.78	+0.061%	$472	$189K	10x	as long as short
SunX MRVL-USDTlong	0.0000%	8h	260.62	long leg	$2K	$6.2M	10x
HTX MRVL-USDT	0.0000%	8h	260.77	+0.058%	$132K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.52	−0.038%	$885	$50K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0026%	1h	260.67	+0.019%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.55	−0.027%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−0.173%	$335K	$631K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.40	−0.084%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0045%	8h	260.64	+0.008%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.98	+0.138%	—	$45K	25x	as long as short
Extended MRVL-USD	+0.0048%	1h	260.57	−0.019%	$51K	$356K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.50	−0.046%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.56	−0.023%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.55	−0.027%	$135	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.51	−0.042%	$575K	$677K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.56	−0.024%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.84	+0.084%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.50	−0.046%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.63	+0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.59	−0.012%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0172%	1h	260.53	−0.035%	$23K	$143K	10x	as long as short
Nado MRVL-PERP	+0.0178%	1h	260.47	−0.058%	$89K	$273K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.48	−0.054%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+0.921%	$11K	$680	12x	as long as short
edgeX MRVLUSDCshort	+0.0817%	4h	260.80	+0.069%	$37K	$370K	10x