Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: Bybit against tradeXYZ−0.042%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 7 days+0.061%+$6 · spread now −0.042%, 7d avg +0.059%

Together, before fees−0.044%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.101% cheaper against tradeXYZ than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MRVL	260.70	0.0050	pay 0.0006% / 1h	33m 15s	$14.6M	$8.3M	10x
Short	Bybit MRVLUSDT	260.59	0	get 0.0000% / 8h	4h 33m	$5.1M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. 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 tradeXYZbpFee BybitbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$10.5
Price spread: −0.042% → +0.059%: −$10.08
Slippage, 4 orders: −$18.14
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$67.72
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Bybit: live order book, 5 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 tradeXYZ live order book, 6 min ago	1.15 bp	11.7 bp −$12	16.2 bp −$162	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.15 bp	11.7 bp −$12	25.9 bp −$259	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-USDT	−0.0011%	8h	260.71	+0.004%	$375K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.84	+0.055%	$313K	$330K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.77	+0.029%	$47K	$349K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.68	−0.009%	$24.3M	$107.7M	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	260.59	−0.042%	$5.1M	$3.8M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	260.64	−0.023%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.84	+0.054%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.78	+0.031%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.83	+0.050%	$718K	$640K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.83	+0.050%	$355	$188K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	260.65	−0.019%	$1K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.83	+0.050%	$132K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	260.73	+0.013%	$605	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.61	−0.035%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.79	+0.035%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.61	−0.035%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.20	+0.192%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVLlong	+0.0050%	1h	260.70	long leg	$14.6M	$8.3M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	260.70	0.000%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.64	−0.023%	$115	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.59	−0.042%	$576K	$681K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.76	+0.023%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0057%	1h	260.66	−0.015%	$23K	$144K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.330%	$334K	$629K	10x	as long as short
Nado MRVL-PERP	+0.0092%	1h	260.72	+0.006%	$89K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.84	+0.054%	$515K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.84	+0.054%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.85	+0.058%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.72	+0.009%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.79	+0.035%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.69	+1.147%	$11K	$700	12x	as long as short
edgeX MRVLUSDC	+0.0390%	4h	260.76	+0.022%	$37K	$372K	10x	as long as short