Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.003%

Price spread now: KuCoin against Deribit−0.066%7-day average 0.000% · 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−$223as in the Price arb table

costs, in and out, $10k−$2162.160% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.013%−$1 on $10k

Price spread, last 3 days (all we have)+0.129%+$13 · spread now −0.066%, 7d avg 0.000%

Together, before fees+0.117%+$12 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: KuCoin is 0.065% cheaper against Deribit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MRVL_USDC-PERPETUAL	259.37	0.0097	pay 0.0012% / 1h	15m 36s	$22K	$143K	10x
Short	KuCoin MRVLUSDTM	259.20	0.0100	get 0.0100% / 8h	15m 36s	$514K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0.6
Price spread: −0.066% → 0.000%: −$6.54
Slippage, 4 orders: −$196.96
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$221.9
Costs to cover: 2.160%
Break-even: 2575.3 days

Slippage from Deribit: live order book, 63 min ago; KuCoin: live order book, 47 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, 63 min ago	6.59 bp	10.1 bp −$10	13.7 bp −$137	doesn't fit	doesn't fit
Sell KuCoin live order book, 47 min ago	5.80 bp	113.8 bp −$114	doesn't fit	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	−0.0005%	8h	259.29	−0.031%	$375K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	259.13	−0.094%	$313K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.24	−0.050%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.20	−0.066%	$7.1M	$22.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.27	−0.039%	$5.7M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.29	−0.031%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.35	−0.009%	$722K	$764K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.35	−0.008%	$1K	$6.8M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.62	+0.096%	$131K	$59K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	259.24	−0.050%	$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
Lighter MRVL	+0.0032%	1h	259.35	−0.008%	$96K	$213K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.32	−0.019%	$1.1M	$4.3M	10x	as long as short
Binance MRVLUSDT	+0.0039%	8h	259.28	−0.035%	$24.3M	$114.7M	50x	as long as short
Extended MRVL-USD	+0.0040%	1h	259.25	−0.046%	$49K	$206K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.07	−0.116%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.63	+0.100%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.20	−0.066%	$14.6M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.33	−0.015%	$108K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.32	−0.019%	$171	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.18	−0.073%	$587K	$932K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0061%	8h	259.39	+0.008%	$700	$224K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0061%	8h	259.23	−0.055%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.393%	$319K	$767K	10x	as long as short
Deribit MRVL_USDC-PERPETUALlong	+0.0097%	1h	259.37	long leg	$22K	$143K	10x
KuCoin MRVLUSDTMshort	+0.0100%	8h	259.20	−0.066%	$514K	$68K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	259.18	−0.073%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.35	−0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.33	−0.014%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0154%	1h	259.27	−0.037%	$88K	$316K	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.48	+0.042%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+0.956%	$11K	$629	12x	as long as short
edgeX MRVLUSDC	+0.0343%	4h	259.35	−0.007%	$36K	$370K	10x	as long as short