Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.035%

Price spread now: Deribit against Bybit−0.042%7-day average +0.007% · 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−$48as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.112%+$11 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.042%, 7d avg +0.007%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.049% cheaper against Bybit than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.007%). If the spread goes back, that is −$5 on $10k: about 8.6 days of funding at the current rate (+$1 a day). At the pace of the last 5 days (+0.112% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MRVLUSDT	260.34	0	get 0.0000% / 8h	6h 44m	$5.1M	$3.9M	50x
Short	Deribit MRVL_USDC-PERPETUAL	260.23	0.0019	get 0.0002% / 1h	44m 57s	$23K	$143K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now −0.042%Rate

Funding earned: $4
Price spread: −0.042% → +0.007%: −$4.92
Slippage, 4 orders: −$24.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$43.61
Costs to cover: 0.427%
Break-even: 83.2 days

Slippage from Bybit: live order book, 3 min ago; Deribit: live order book, 23 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 Bybit live order book, 3 min ago	1.35 bp	11.8 bp −$12	31.7 bp −$317	doesn't fit	doesn't fit
Sell Deribit live order book, 23 min ago	5.93 bp	11.0 bp −$11	12.7 bp −$127	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	−0.0023%	8h	260.60	+0.100%	$378K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.43	+0.036%	$313K	$330K	50x	as long as short
Bybit MRVLUSDTlong	0.0000%	8h	260.34	long leg	$5.1M	$3.9M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	260.43	+0.035%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.46	+0.046%	$5.6M	$8.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.35	+0.004%	$1K	$6.5M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.63	+0.111%	$132K	$41K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0008%	1h	260.67	+0.127%	$335K	$655K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0012%	1h	260.46	+0.046%	$930	$51K	10x	as long as short
Deribit MRVL_USDC-PERPETUALshort	+0.0019%	1h	260.23	−0.042%	$23K	$143K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0023%	1h	260.28	−0.023%	$1.1M	$3.9M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.28	−0.023%	$95K	$205K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.26	−0.031%	$25K	$26K	5x	as long as short
Variational Omni MRVL	+0.0044%	8h	260.28	−0.021%	$722K	$654K	—	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.68	+0.131%	—	$43K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.35	+0.004%	$14.7M	$8.3M	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0050%	8h	260.66	+0.124%	$1K	$196K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.29	−0.019%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.28	−0.023%	$83	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.15	−0.073%	$567K	$727K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.20	−0.055%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0067%	1h	260.20	−0.055%	$89K	$319K	10x	as long as short
Extended MRVL-USD	+0.0096%	1h	260.47	+0.051%	$47K	$350K	10x	as long as short
Binance MRVLUSDT	+0.0097%	8h	260.51	+0.065%	$24.2M	$111.3M	50x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.58	+0.092%	$515K	$64K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.40	+0.023%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.26	−0.031%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.26	−0.031%	$18	—	10x	as long as short
Bitget MRVLUSDT	+0.0138%	8h	260.39	+0.019%	$5.6M	$16.3M	20x	as long as short
Phoenix MRVL	+0.0153%	1h	260.69	+0.134%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.37	+1.164%	$11K	$675	12x	as long as short
edgeX MRVLUSDC	+0.0812%	4h	260.39	+0.018%	$37K	$371K	10x	as long as short