Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0101%/8h= +11.0% APRpaid last 24h −0.069%

Price spread now: edgeX against Deribit−0.056%7-day average +0.026% · 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−$49as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.311%−$31 on $10k

Price spread, last 3 days (all we have)+0.138%+$14 · spread now −0.056%, 7d avg +0.026%

Together, before fees−0.172%+ Points / potential airdropedgeX: Active · farm board−$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.082% cheaper against Deribit than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.026%). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day). Mind the row above: over the last 5 days funding on this pair cost −0.311%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MRVL_USDC-PERPETUAL	261.67	0	get 0.0000% / 1h	27m 28s	$23K	$143K	10x
Short	edgeX MRVLUSDC	261.52	0.0101	get 0.0050% / 4h	3h 27m	$37K	$368K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.056%Rate

Funding earned: $21.13
Price spread: −0.056% → +0.026%: −$8.25
Slippage, 4 orders: −$24.78
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$27.9
Costs to cover: 0.408%
Break-even: 16.2 days

Slippage from Deribit: live order book, 46 min ago; edgeX: live order book, 46 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, 46 min ago	6.75 bp	10.3 bp −$10	14.3 bp −$143	doesn't fit	doesn't fit
Sell edgeX live order book, 46 min ago	5.40 bp	10.2 bp −$10	14.6 bp −$146	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	−0.0003%	8h	261.44	−0.088%	$376K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.52	−0.056%	$315K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.80	+0.050%	$5.2M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.89	+0.084%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.76	+0.034%	$5.6M	$9.5M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.77	+0.038%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUALlong	0.0000%	1h	261.67	long leg	$23K	$143K	10x
HTX MRVL-USDT	0.0000%	8h	261.03	−0.245%	$132K	$51K	50x	as long as short
GRVT MRVL_USDT_Perp	+0.0003%	8h	261.24	−0.164%	$280	$206K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	261.27	−0.155%	$887	$52K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRVL	+0.0015%	8h	261.26	−0.155%	$725K	$766K	—	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.382%	$335K	$778K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.83	+0.061%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.79	+0.046%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.19	−0.183%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	262.22	+0.210%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.79	+0.046%	$14.9M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.97	+0.115%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.48	−0.073%	$570K	$945K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	261.71	+0.014%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0067%	1h	261.67	−0.001%	$88K	$317K	10x	as long as short
Binance MRVLUSDT	+0.0078%	8h	261.89	+0.083%	$24.2M	$114.6M	50x	as long as short
Extended MRVL-USD	+0.0080%	1h	261.79	+0.044%	$47K	$347K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.70	+0.011%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.41	−0.099%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.77	+0.038%	$2K	$3K	10x	as long as short
edgeX MRVLUSDCshort	+0.0101%	4h	261.52	−0.056%	$37K	$368K	10x
Aevo MRVL-PERP	+0.0104%	1h	261.73	+0.022%	$18	—	10x	as long as short
SoDEX MRVL-USD	+0.0108%	1h	261.70	+0.011%	$115	$15K	10x	as long as short
Bitget MRVLUSDT	+0.0166%	8h	261.88	+0.080%	$5.6M	$16.5M	20x	as long as short
Phoenix MRVL	+0.0216%	1h	261.44	−0.088%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.77	+0.803%	$11K	$658	12x	as long as short