MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0505%/8h= +55.3% APRnext payment +$0.63 per $10,000 · paid last 24h −0.002%

Price spread now: tradeXYZ against Deribit−0.016%51s7-day average −0.033% · 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—prices read too far apart to compare

costs, in and out, $10k−$440.436% of the position

Long on Deribit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.045%−$5 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.016%, 7d avg −0.033%

Together, before fees+0.020%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.045% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MRVL_USDC-PERPETUAL	255.11	−0.0455	get 0.0057% / 1h	7m 31s	$22K	$145K	10x
Short	tradeXYZ xyz:MRVL	255.07	0.0050	get 0.0006% / 1h	7m 31s	$14.1M	$9.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.016%Rate

Funding earned: $106.07
Price spread: −0.016% → −0.033%: $1.77
Slippage, 4 orders: −$18.59
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $64.25
Costs to cover: 0.436%
Break-even: 2.8 days

Slippage from Deribit: live order book, 31 min ago; tradeXYZ: live order book, 11 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, 31 min ago	6.06 bp	9.6 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.98 bp	11.1 bp −$11	14.0 bp −$140	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	−0.0515%	8h	255.30	+0.074%	$5.5M	$17.2M	20x	as long as short
Deribit MRVL_USDC-PERPETUALlong	−0.0455%	1h	255.11	long leg	$22K	$145K	10x
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.27	+0.063%	$335K	$652K	10x	as long as short
BloFin MRVL-USDT	−0.0001%	8h	255.23	+0.047%	$365K	$188K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.08	−0.012%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.00	−0.045%	$50K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.06	−0.021%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.03	−0.031%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.09	−0.008%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.19	+0.031%	$5.1M	$8.7M	50x	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	0.0000%	8h	255.09	−0.007%	$714K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.14	+0.012%	$967	$187K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.15	+0.016%	$1K	$5.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.23	+0.047%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.10	−0.006%	$592	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.18	+0.027%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.07	−0.016%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.98	−0.051%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.50	+0.153%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVLshort	+0.0050%	1h	255.07	−0.016%	$14.1M	$9.1M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	255.06	−0.020%	$99K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.16	+0.020%	$168	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.18	+0.027%	$532K	$848K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	254.93	−0.071%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0057%	1h	255.04	−0.028%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.08	−0.012%	$504K	$74K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.11	0.000%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.26	+0.059%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.23	+0.047%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.31	+0.078%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.141%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0522%	4h	255.15	+0.014%	$36K	$373K	10x	as long as short