Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.003%

Price spread now: Deribit against GRVT+0.008%75s7-day average −0.042% · 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—prices read too far apart to compare

costs, in and out, $10k−$400.404% of the position

Long on GRVT Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.079%+$8 on $10k

Price spread, last 3 days (all we have)−0.127%−$13 · spread now +0.008%, 7d avg −0.042%

Together, before fees−0.047%+ Points / potential airdropGRVT: Active · farm board−$5 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: Deribit is 0.050% dearer against GRVT than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.042%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MRVL_USDT_Perp	259.31	0.0055	pay 0.0055% / 8h	24m 08s	$708	$226K	10x
Short	Deribit MRVL_USDC-PERPETUAL	259.33	0.0059	get 0.0007% / 1h	24m 08s	$22K	$143K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against GRVT. 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 GRVTbpFee DeribitbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0.75
Price spread: +0.008% → −0.042%: $4.97
Slippage, 4 orders: −$24.38
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$34.66
Costs to cover: 0.404%
Break-even: 329.8 days

Slippage from GRVT: live order book, 53 min ago; Deribit: live order book, 54 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 GRVT live order book, 53 min ago	1.36 bp	7.6 bp −$8	14.2 bp −$142	doesn't fit	doesn't fit
Sell Deribit live order book, 54 min ago	6.59 bp	10.9 bp −$11	13.3 bp −$133	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
Aster MRVLUSDT	0.0000%	8h	259.18	−0.048%	$313K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.27	−0.015%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.37	+0.024%	$7.1M	$22.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.34	+0.012%	$5.7M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.37	+0.024%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.30	−0.005%	$722K	$764K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.37	+0.024%	$1K	$6.8M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.34	+0.012%	$131K	$59K	50x	as long as short
BloFin MRVL-USDT	+0.0006%	8h	259.31	0.000%	$376K	$170K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	259.29	−0.006%	$881	$53K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MRVL-USD	+0.0024%	1h	259.32	+0.003%	$49K	$206K	10x	as long as short
Binance MRVLUSDT	+0.0025%	8h	259.41	+0.039%	$24.3M	$114.6M	50x	as long as short
Lighter MRVL	+0.0032%	1h	259.42	+0.043%	$96K	$213K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.39	+0.031%	$1.1M	$4.3M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.09	−0.084%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.74	+0.166%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.26	−0.019%	$14.6M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.40	+0.035%	$108K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.33	+0.008%	$176	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.23	−0.030%	$587K	$932K	10x	as long as short
GRVT MRVL_USDT_Perplong	+0.0055%	8h	259.31	long leg	$708	$226K	10x
Deribit MRVL_USDC-PERPETUALshort	+0.0059%	1h	259.33	+0.008%	$22K	$143K	10x
Paradex MRVL-USD-PERP	+0.0064%	8h	259.31	0.000%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.370%	$319K	$767K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.22	−0.034%	$514K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.18	−0.050%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.35	+0.016%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.34	+0.012%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0162%	1h	259.27	−0.013%	$88K	$316K	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.34	+0.012%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+0.980%	$11K	$629	12x	as long as short
edgeX MRVLUSDC	+0.0504%	4h	259.37	+0.023%	$36K	$367K	10x	as long as short