Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0286%/8h= +31.3% APRpaid last 24h −0.002%

Price spread now: Deribit against BloFin−0.015%57s7-day average −0.019% · 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—prices read too far apart to compare

costs, in and out, $10k−$390.387% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.072%+$7 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now −0.015%, 7d avg −0.019%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.072% in total (about 5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MRVL-USDT	259.36	0.0004	pay 0.0004% / 8h	19m 52s	$375K	$170K	50x
Short	Deribit MRVL_USDC-PERPETUAL	259.32	0.0290	get 0.0036% / 1h	19m 52s	$22K	$143K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now −0.015%Rate

Funding earned: $60.05
Price spread: −0.015% → −0.019%: $0.36
Slippage, 4 orders: −$19.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $21.72
Costs to cover: 0.387%
Break-even: 4.5 days

Slippage from BloFin: live order book, 55 min ago; Deribit: live order book, 58 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 BloFin live order book, 55 min ago	0.19 bp	7.5 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Deribit live order book, 58 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	259.13	−0.088%	$313K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.22	−0.054%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.28	−0.031%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.31	−0.019%	$5.7M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.34	−0.008%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.33	−0.012%	$722K	$764K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.36	0.000%	$1K	$6.8M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.62	+0.100%	$131K	$59K	50x	as long as short
BloFin MRVL-USDTlong	+0.0004%	8h	259.36	long leg	$375K	$170K	50x
Aftermath Perps MRVLUSD	+0.0018%	1h	259.28	−0.032%	$880	$53K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MRVLUSDT	+0.0032%	8h	259.35	−0.004%	$24.3M	$114.7M	50x	as long as short
Lighter MRVL	+0.0032%	1h	259.35	−0.004%	$96K	$213K	10x	as long as short
Extended MRVL-USD	+0.0032%	1h	259.30	−0.023%	$49K	$206K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.31	−0.019%	$1.1M	$4.3M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.06	−0.116%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.64	+0.108%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.17	−0.073%	$14.6M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.33	−0.012%	$108K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.34	−0.008%	$161	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.20	−0.062%	$587K	$932K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0056%	8h	259.37	+0.005%	$700	$224K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0063%	8h	259.24	−0.045%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.389%	$319K	$767K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.16	−0.077%	$514K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.18	−0.069%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.35	−0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.32	−0.016%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0153%	1h	259.20	−0.060%	$88K	$316K	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.34	−0.008%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+0.960%	$11K	$629	12x	as long as short
Deribit MRVL_USDC-PERPETUALshort	+0.0290%	1h	259.32	−0.015%	$22K	$143K	10x
edgeX MRVLUSDC	+0.0374%	4h	259.30	−0.022%	$36K	$369K	10x	as long as short