Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.023%

Price spread now: SunX against Deribit+0.074%7-day average +0.034% · you sell dearer than you buy

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

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.074%, 7d avg +0.034%

Together, before fees−0.135%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.040% dearer against Deribit than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of +0.034%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MRVL_USDC-PERPETUAL	256.33	0.0101	pay 0.0013% / 1h	20m 37s	$22K	$144K	10x
Short	SunX MRVL-USDT	256.52	0	get 0.0000% / 8h	3h 20m	$1K	$6.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$21.26
Price spread: +0.074% → +0.034%: $4
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$32.26
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 33 min ago; SunX: live order book, 8 min ago. 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, 33 min ago	6.76 bp	10.3 bp −$10	11.9 bp −$119	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	44.89 bp	doesn't fit	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
Bitget MRVLUSDT	−0.0200%	8h	256.18	−0.059%	$5.5M	$16.3M	20x	as long as short
BloFin MRVL-USDT	−0.0026%	8h	256.22	−0.043%	$368K	$173K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.95	−0.149%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.97	−0.141%	$49K	$346K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.05	−0.109%	$23.5M	$109.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.97	−0.140%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.07	−0.101%	$6.8M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.13	−0.078%	$5.4M	$8.2M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.31	−0.008%	$711K	$631K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.41	+0.032%	$603	$191K	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-USDTshort	0.0000%	8h	256.52	+0.074%	$1K	$6.0M	10x
HTX MRVL-USDT	0.0000%	8h	256.37	+0.016%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	256.30	−0.014%	$699	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.07	−0.101%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.02	−0.121%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.01	−0.125%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.45	+0.047%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.97	−0.140%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.07	−0.101%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.22	−0.043%	$179	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.76	−0.222%	$549K	$751K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0050%	8h	255.93	−0.157%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.85	−0.187%	$322K	$634K	10x	as long as short
Nado MRVL-PERP	+0.0091%	1h	256.23	−0.039%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.06	−0.105%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.27	−0.023%	$2K	$3K	10x	as long as short
Deribit MRVL_USDC-PERPETUALlong	+0.0101%	1h	256.33	long leg	$22K	$144K	10x
Aevo MRVL-PERP	+0.0104%	1h	256.21	−0.045%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0106%	8h	256.19	−0.055%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	256.34	+0.004%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.075%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0965%	4h	255.98	−0.136%	$36K	$372K	10x	as long as short