MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.11 per $10,000 · paid last 24h −0.006%

Price spread now: BloFin against Binance−0.121%81s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.322% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.121%, 7d avg −0.002%

Together, before fees+0.187%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.120% cheaper against Binance than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.002%). If the spread goes back, that is −$12 on $10k: about 37 days of funding at the current rate ($0 a day). The two prices were read 81 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	Binance MRVLUSDT	254.58	0	get 0.0000% / 8h	2h 29m	$23.6M	$111.3M	50x
Short	BloFin MRVL-USDT	254.27	0.0011	get 0.0011% / 8h	2h 29m	$367K	$177K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.121%Rate

Funding earned: $2.29
Price spread: −0.121% → −0.002%: −$11.96
Slippage, 4 orders: −$10.22
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$41.88
Costs to cover: 0.322%
Break-even: 134.8 days

Slippage from Binance: live order book, 13 min ago; BloFin: live order book, 60 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 Binance live order book, 13 min ago	0.20 bp	5.8 bp −$6	12.9 bp −$129	59.2 bp −$5,921	doesn't fit
Sell BloFin live order book, 60 min ago	0.78 bp	9.0 bp −$9	15.1 bp −$151	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
Bitget MRVLUSDT	−0.0772%	8h	254.74	+0.063%	$5.5M	$16.7M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.57	−0.005%	$300K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.56	−0.006%	$47K	$268K	10x	as long as short
Binance MRVLUSDTlong	0.0000%	8h	254.58	long leg	$23.6M	$111.3M	50x
Bybit MRVLUSDT	0.0000%	8h	254.43	−0.058%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.52	−0.023%	$6.8M	$23.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.60	+0.008%	$5.4M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.22	−0.143%	$705K	$491K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.19	−0.153%	$1K	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	254.68	+0.040%	$2K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.61	+0.012%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.59	+0.005%	$128K	$43K	50x	as long as short
BloFin MRVL-USDTshort	+0.0011%	8h	254.27	−0.121%	$367K	$177K	50x
Aftermath Perps MRVLUSD	+0.0020%	1h	254.58	−0.001%	$591	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	254.69	+0.044%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.70	+0.048%	$88K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.25	−0.129%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.80	+0.087%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.56	−0.007%	$14.0M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.48	−0.039%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.52	−0.023%	$178	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.31	−0.105%	$559K	$750K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.72	+0.055%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0081%	1h	254.72	+0.055%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.88	−0.274%	$318K	$635K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.26	−0.125%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.65	+0.028%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.62	+0.014%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0110%	8h	254.82	+0.095%	$503K	$63K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	254.22	−0.141%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0200%	4h	254.28	−0.116%	$36K	$374K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.595%	$11K	$735	12x	as long as short