Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.003%

Price spread now: Deribit against Binance−0.008%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.079%+$8 on $10k

Price spread, last 2 days (all we have)−0.046%−$5 · spread now −0.008%, 7d avg −0.027%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair paid +0.079%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRVLUSDT	259.39	0.0025	pay 0.0025% / 8h	24m 58s	$24.3M	$114.6M	50x
Short	Deribit MRVL_USDC-PERPETUAL	259.37	0	get 0.0000% / 1h	24m 58s	$22K	$143K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$5.18
Price spread: −0.008% → −0.027%: $1.93
Slippage, 4 orders: −$17.74
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$37.98
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Deribit: live order book, 53 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, 3 min ago	0.19 bp	6.7 bp −$7	12.1 bp −$121	53.7 bp −$5,369	doesn't fit
Sell Deribit live order book, 53 min ago	6.59 bp	10.9 bp −$11	13.3 bp −$133	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
Aster MRVLUSDT	0.0000%	8h	259.20	−0.072%	$313K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.29	−0.039%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.38	−0.004%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.40	+0.004%	$5.7M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.39	0.000%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.30	−0.037%	$722K	$764K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.43	+0.015%	$1K	$6.8M	10x	as long as short
Deribit MRVL_USDC-PERPETUALshort	0.0000%	1h	259.37	−0.008%	$22K	$143K	10x
HTX MRVL-USDT	0.0000%	8h	259.34	−0.019%	$131K	$59K	50x	as long as short
BloFin MRVL-USDT	+0.0006%	8h	259.31	−0.031%	$376K	$170K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0018%	1h	259.25	−0.054%	$880	$53K	10x	as long as short
Extended MRVL-USD	+0.0024%	1h	259.36	−0.011%	$49K	$206K	10x	as long as short
Binance MRVLUSDTlong	+0.0025%	8h	259.39	long leg	$24.3M	$114.6M	50x
Lighter MRVL	+0.0032%	1h	259.41	+0.008%	$96K	$213K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.40	+0.004%	$1.1M	$4.3M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.11	−0.108%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.72	+0.127%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.25	−0.054%	$14.6M	$9.2M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.36	−0.012%	$108K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.35	−0.015%	$176	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.14	−0.096%	$587K	$932K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0055%	8h	259.31	−0.031%	$708	$226K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.401%	$319K	$767K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0064%	8h	259.35	−0.016%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.28	−0.042%	$514K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.18	−0.081%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.39	0.000%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.37	−0.007%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0168%	1h	259.25	−0.056%	$88K	$316K	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.34	−0.019%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+0.948%	$11K	$629	12x	as long as short
edgeX MRVLUSDC	+0.0504%	4h	259.37	−0.008%	$36K	$367K	10x	as long as short