Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.048%

Price spread now: Phoenix against SunX−0.031%69s7-day average — · you buy dearer than you sell

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

Long on SunX Short on Phoenix

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

Funding pays, the price is against you. Phoenix is 0.031% cheaper against SunX than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 16 hours of funding at the current rate (+$5 a day). 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	SunX MRVL-USDT	255.29	0	get 0.0000% / 8h	55m 41s	$2K	$5.9M	10x
Short	Phoenix MRVL	255.21	0.0156	get 0.0020% / 1h	55m 41s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.031%Rate

Funding earned: $32.84
Price spread: −0.031% → 0.000%: −$3.13
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $14.71
Costs to cover: 0.150%
Break-even: 3.9 days

Slippage unknown: SunX: live order book, 3 min ago; Phoenix: 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 SunX live order book, 3 min ago	44.85 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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
Bitget MRVLUSDT	−0.0618%	8h	255.23	−0.024%	$5.5M	$17.1M	20x	as long as short
BloFin MRVL-USDT	−0.0008%	8h	255.25	−0.016%	$365K	$186K	50x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	254.95	−0.133%	$335K	$651K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.04	−0.098%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.01	−0.110%	$46K	$301K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.04	−0.099%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.93	−0.141%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.01	−0.110%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.04	−0.098%	$5.1M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.29	+0.001%	$710K	$464K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRVL_USDT_Perp	0.0000%	8h	255.35	+0.024%	$401	$191K	10x	as long as short
SunX MRVL-USDTlong	0.0000%	8h	255.29	long leg	$2K	$5.9M	10x
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.26	−0.012%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.46	+0.067%	$131K	$47K	50x	as long as short
tradeXYZ xyz:MRVL	+0.0001%	1h	254.90	−0.153%	$14.1M	$9.1M	10x	as long as short
Nado MRVL-PERP	+0.0015%	1h	255.29	+0.001%	$87K	$272K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	255.32	+0.013%	$640	$47K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0024%	1h	255.02	−0.106%	$100K	$83K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	254.98	−0.121%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.98	−0.121%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.08	−0.082%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.54	+0.098%	—	$51K	25x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.25	−0.016%	$209	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.19	−0.039%	$532K	$859K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	254.89	−0.157%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.17	−0.047%	$505K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.66	+0.145%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.33	+0.016%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.27	−0.006%	$18	—	10x	as long as short
Phoenix MRVLshort	+0.0156%	1h	255.21	−0.031%	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	258.10	+1.101%	$11K	$823	12x	as long as short
edgeX MRVLUSDC	+0.0409%	4h	255.24	−0.018%	$36K	$372K	10x	as long as short