Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.015%

Price spread now: Orderly against Deribit+0.056%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.056% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MRVL_USDC-PERPETUAL	250.26	0	get 0.0000% / 1h	29m 47s	$22K	$145K	10x
Short	Orderly PERP_MRVL_USDC_mythos	250.40	0.0100	get 0.0100% / 8h	7h 29m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.056%Rate

Funding earned: $21
Price spread: +0.056% → 0.000%: $5.59
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $13.59
Costs to cover: 0.130%
Break-even: 2.5 days

Slippage unknown: Deribit: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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, 4 min ago	6.57 bp	10.1 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0393%	8h	250.65	+0.156%	$5.4M	$17.8M	20x	as long as short
BloFin MRVL-USDT	−0.0013%	8h	250.83	+0.228%	$362K	$192K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	250.85	+0.236%	$296K	$336K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	250.41	+0.058%	$46K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	250.53	+0.108%	$23.1M	$116.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	250.45	+0.076%	$4.9M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	250.55	+0.116%	$6.7M	$24.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	250.53	+0.108%	$4.9M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	251.03	+0.309%	$702K	$457K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	252.29	+0.811%	$278	$182K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	250.32	+0.024%	$1K	$5.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUALlong	0.0000%	1h	250.26	long leg	$22K	$145K	10x
HTX MRVL-USDT	0.0000%	8h	250.91	+0.260%	$129K	$48K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	251.71	+0.580%	$1K	$45K	10x	as long as short
QFEX MRVL-USD	+0.0022%	1h	250.38	+0.048%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	250.26	0.000%	$87K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	250.40	+0.056%	$22K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	250.59	+0.132%	—	$51K	25x	as long as short
Paradex MRVL-USD-PERP	+0.0049%	8h	250.25	−0.006%	—	—	5x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	250.14	−0.048%	$13.7M	$9.2M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	250.13	−0.052%	$97K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	250.36	+0.040%	$130	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	250.26	0.000%	$535K	$840K	10x	as long as short
Nado MRVL-PERP	+0.0054%	1h	250.36	+0.041%	$85K	$276K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0072%	1h	251.07	+0.324%	$320K	$676K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	250.52	+0.104%	$495K	$117K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	251.62	+0.543%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	250.40	+0.056%	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	250.47	+0.083%	$18	—	10x	as long as short
Phoenix MRVL	+0.0188%	1h	251.10	+0.336%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+2.545%	$11K	$845	12x	as long as short
edgeX MRVLUSDC	+0.0398%	4h	251.46	+0.480%	$36K	$375K	10x	as long as short