Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: HTX against tradeXYZ+0.004%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.004%, 7d avg +0.031%

Together, before fees−0.170%+ Points / potential airdroptradeXYZ: Active · farm board−$17 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 HTX is 0.027% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MRVL	260.97	0.0050	pay 0.0006% / 1h	0m 37s	$14.6M	$8.4M	10x
Short	HTX MRVL-USDT	260.98	0	get 0.0000% / 8h	5h 00m	$132K	$41K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$10.5
Price spread: +0.004% → +0.031%: −$2.67
Slippage, 4 orders: −$9.95
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$53.12
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; HTX: live order book, 61 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, 8 min ago	0.96 bp	11.2 bp −$11	13.3 bp −$133	doesn't fit	doesn't fit
Sell HTX live order book, 61 min ago	2.50 bp	8.6 bp −$9	14.0 bp −$140	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	−0.0010%	8h	261.11	+0.054%	$375K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.01	+0.015%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.04	+0.027%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.20	+0.088%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.17	+0.077%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	261.12	+0.057%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	261.16	+0.073%	$719K	$648K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.15	+0.071%	$376	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.29	+0.123%	$1K	$6.1M	10x	as long as short
HTX MRVL-USDTshort	0.0000%	8h	260.98	+0.004%	$132K	$41K	50x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0018%	1h	261.02	+0.018%	$606	$50K	10x	as long as short
Extended MRVL-USD	+0.0024%	1h	261.03	+0.024%	$47K	$351K	10x	as long as short
Binance MRVLUSDT	+0.0024%	8h	261.11	+0.054%	$24.3M	$107.7M	50x	as long as short
QFEX MRVL-USD	+0.0026%	1h	261.07	+0.038%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.16	+0.073%	$94K	$206K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.433%	$334K	$630K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.89	−0.031%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.47	+0.192%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVLlong	+0.0050%	1h	260.97	long leg	$14.6M	$8.4M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	261.01	+0.015%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.17	+0.077%	$136	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.88	−0.034%	$577K	$681K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	261.02	+0.019%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0056%	1h	261.12	+0.057%	$23K	$144K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.15	+0.069%	$516K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.02	+0.019%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.19	+0.084%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.15	+0.068%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0121%	1h	260.97	+0.002%	$89K	$274K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	261.18	+0.080%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+0.927%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0796%	4h	261.25	+0.106%	$37K	$371K	10x	as long as short