Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.028%

Price spread now: Deribit against Bitget0.000%7-day average −0.039% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now 0.000%, 7d avg −0.039%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.039% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	258.43	0	get 0.0000% / 8h	1h 28m	$5.6M	$16.5M	20x
Short	Deribit MRVL_USDC-PERPETUAL	258.43	0.0098	get 0.0012% / 1h	28m 39s	$22K	$143K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $20.66
Price spread: 0.000% → −0.039%: $3.92
Slippage, 4 orders: −$16.23
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$10.65
Costs to cover: 0.352%
Break-even: 10.6 days

Slippage from Bitget: live order book, 5 min ago; Deribit: live order book, 55 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 Bitget live order book, 5 min ago	0.97 bp	8.0 bp −$8	11.9 bp −$119	20.7 bp −$2,069	73.3 bp −$36.6K
Sell Deribit live order book, 55 min ago	6.22 bp	10.5 bp −$11	13.8 bp −$138	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
Nado MRVL-PERP	−0.0065%	1h	258.33	−0.037%	$74K	$309K	10x	as long as short
BloFin MRVL-USDT	0.0000%	8h	258.41	−0.008%	$375K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.99	−0.169%	$311K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	258.39	−0.015%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	258.44	+0.004%	$24.1M	$114.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	258.33	−0.039%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	258.33	−0.039%	$7.1M	$22.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	258.40	−0.012%	$5.5M	$9.8M	50x	as long as short
Bitget MRVLUSDTlong	0.0000%	8h	258.43	long leg	$5.6M	$16.5M	20x
Variational Omni MRVL	0.0000%	8h	258.36	−0.026%	$713K	$759K	—	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	258.39	−0.015%	$618	$238K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	258.56	+0.050%	$1K	$6.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	258.16	−0.104%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	258.33	−0.038%	$600	$54K	10x	as long as short
Lighter MRVL	+0.0032%	1h	258.48	+0.019%	$92K	$208K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	258.09	−0.132%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	258.63	+0.077%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	258.31	−0.046%	$14.6M	$9.6M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	258.58	+0.058%	$107K	$68K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	258.46	+0.012%	$248	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	258.24	−0.074%	$591K	$940K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0060%	8h	258.39	−0.014%	—	—	5x	as long as short
QFEX MRVL-USD	+0.0064%	1h	258.39	−0.015%	$1.1M	$4.2M	10x	as long as short
Deribit MRVL_USDC-PERPETUALshort	+0.0098%	1h	258.43	0.000%	$22K	$143K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	258.17	−0.101%	$511K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	258.02	−0.159%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	258.38	−0.019%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	258.41	−0.007%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	257.50	−0.360%	$317K	$890K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	258.41	−0.008%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	260.35	+0.743%	$11K	$610	12x	as long as short
edgeX MRVLUSDC	+0.0813%	4h	258.43	+0.001%	$36K	$369K	10x	as long as short