Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: Binance against Deribit−0.114%55s7-day average +0.021% · 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−$340.341% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.114%, 7d avg +0.021%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.135% cheaper against Deribit than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.021%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MRVL_USDC-PERPETUAL	255.82	0	get 0.0000% / 1h	5m 20s	$22K	$145K	10x
Short	Binance MRVLUSDT	255.53	0	get 0.0000% / 8h	1h 05m	$23.5M	$113.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → +0.021%: −$13.55
Slippage, 4 orders: −$17.07
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$47.61
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from Deribit: live order book, 38 min ago; Binance: live order book, 8 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, 38 min ago	5.11 bp	8.6 bp −$9	13.1 bp −$131	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.39 bp	7.6 bp −$8	13.7 bp −$137	63.5 bp −$6,347	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	−0.0657%	8h	255.58	−0.094%	$5.6M	$17.1M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.54	−0.108%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.53	−0.113%	$49K	$275K	10x	as long as short
Binance MRVLUSDTshort	0.0000%	8h	255.53	−0.114%	$23.5M	$113.9M	50x
Bybit MRVLUSDT	0.0000%	8h	255.45	−0.145%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.49	−0.129%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.49	−0.129%	$5.2M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.89	+0.027%	$712K	$467K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.79	−0.012%	$780	$190K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.88	+0.023%	$1K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUALlong	0.0000%	1h	255.82	long leg	$22K	$145K	10x
HTX MRVL-USDT	0.0000%	8h	255.73	−0.035%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	255.59	−0.089%	$596	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	255.62	−0.078%	$336K	$655K	10x	as long as short
BloFin MRVL-USDT	+0.0026%	8h	255.88	+0.023%	$364K	$186K	50x	as long as short
Lighter MRVL	+0.0032%	1h	255.61	−0.082%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	255.50	−0.125%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.49	−0.129%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.90	+0.031%	—	$51K	25x	as long as short
Nado MRVL-PERP	+0.0048%	1h	255.58	−0.093%	$87K	$272K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.43	−0.152%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.28	−0.211%	$101K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.84	+0.008%	$154	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.64	−0.070%	$542K	$850K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.59	−0.092%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.68	−0.055%	$506K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.68	−0.055%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.56	−0.102%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.51	−0.120%	$18	—	10x	as long as short
edgeX MRVLUSDC	+0.0122%	4h	255.69	−0.051%	$36K	$373K	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.90	+0.031%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+0.782%	$11K	$853	12x	as long as short