MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0198%/8h= −21.7% APRnext payment −$0.25 per $10,000 · paid last 24h +0.013%

Price spread now: ApeX Omni against Deribit−0.059%7-day average +0.023% · 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−$102as in the Price arb table

costs, in and out, $10k−$940.936% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.059%, 7d avg +0.023%

Together, before fees+0.065%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 0.082% cheaper against Deribit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.023%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.018% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. 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	Deribit MRVL_USDC-PERPETUAL	255.40	0.0298	pay 0.0037% / 1h	12m 58s	$22K	$145K	10x
Short	ApeX Omni MRVLUSDT	255.25	0.0100	get 0.0013% / 1h	12m 58s	$4K	$142K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now −0.059%Rate

Funding earned: −$41.68
Price spread: −0.059% → +0.023%: −$8.18
Slippage, 4 orders: −$76.61
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$143.46
Costs to cover: 0.936%
Break-even: never at this rate

Slippage from Deribit: live order book, 25 min ago; ApeX Omni: 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 Deribit live order book, 25 min ago	6.06 bp	9.6 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 23 min ago	22.89 bp	40.5 bp −$41	204.3 bp −$2,043	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	−0.0528%	8h	255.53	+0.051%	$5.5M	$17.2M	20x	as long as short
BloFin MRVL-USDT	−0.0009%	8h	255.41	+0.004%	$366K	$189K	50x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	254.76	−0.251%	$334K	$651K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.36	−0.017%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.45	+0.020%	$50K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.37	−0.012%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.33	−0.027%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.43	+0.012%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.54	+0.055%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.08	−0.127%	$715K	$468K	—	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	255.16	−0.095%	$977	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.35	−0.020%	$1K	$5.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.12	−0.110%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.26	−0.054%	$715	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.44	+0.016%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.32	−0.031%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.98	−0.164%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.63	+0.090%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.33	−0.027%	$14.2M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.33	−0.027%	$99K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.41	+0.004%	$179	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.17	−0.090%	$532K	$839K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.33	−0.028%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0061%	1h	255.24	−0.064%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.31	−0.035%	$504K	$72K	20x	as long as short
ApeX Omni MRVLUSDTshort	+0.0100%	1h	255.25	−0.059%	$4K	$142K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.41	+0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.40	0.000%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.13	−0.106%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.026%	$11K	$827	12x	as long as short
Deribit MRVL_USDC-PERPETUALlong	+0.0298%	1h	255.40	long leg	$22K	$145K	10x
edgeX MRVLUSDC	+0.0334%	4h	255.16	−0.094%	$36K	$376K	10x	as long as short