MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0367%/8h= −40.2% APRnext payment −$0.46 per $10,000 · paid last 24h +0.021%

Price spread now: Polymarket Perps against Deribit+0.047%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.356%+$36 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.047%, 7d avg +0.104%

Together, before fees+0.423%+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Polymarket Perps is 0.057% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.104%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.356%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MRVL_USDC-PERPETUAL	255.17	0.0417	pay 0.0052% / 1h	18m 40s	$22K	$145K	10x
Short	Polymarket Perps MRVL-USD	255.29	0.0050	get 0.0006% / 1h	18m 40s	$99K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$77
Price spread: +0.047% → +0.104%: −$5.7
Slippage, 4 orders: −$19.24
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$116.94
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from Deribit: live order book, 20 min ago; Polymarket Perps: live order book, 83 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, 20 min ago	6.06 bp	9.6 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 83 min ago	2.75 bp	8.0 bp −$8	9.2 bp −$92	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	−0.0537%	8h	255.30	+0.051%	$5.5M	$17.2M	20x	as long as short
BloFin MRVL-USDT	−0.0022%	8h	255.21	+0.016%	$367K	$188K	50x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	254.76	−0.161%	$334K	$651K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.04	−0.050%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.02	−0.061%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.03	−0.055%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.96	−0.082%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.95	−0.086%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.17	0.000%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.07	−0.039%	$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	255.13	−0.016%	$977	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.31	+0.055%	$1K	$5.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.02	−0.059%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.20	+0.011%	$676	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.16	−0.004%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.96	−0.082%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.87	−0.118%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.35	+0.071%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.88	−0.114%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USDshort	+0.0050%	1h	255.29	+0.047%	$99K	$83K	10x
SoDEX MRVL-USD	+0.0050%	1h	255.19	+0.008%	$214	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.10	−0.027%	$531K	$839K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	254.93	−0.093%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0059%	1h	255.10	−0.028%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.02	−0.059%	$503K	$70K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.09	−0.031%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.17	0.000%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.17	−0.001%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	254.98	−0.074%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.117%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0393%	4h	254.88	−0.113%	$36K	$374K	10x	as long as short
Deribit MRVL_USDC-PERPETUALlong	+0.0417%	1h	255.17	long leg	$22K	$145K	10x