Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.035%

Price spread now: Deribit against HTX−0.015%7-day average +0.005% · 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−$43as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.116%+$12 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now −0.015%, 7d avg +0.005%

Together, before fees+0.113%+$11 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 0.021% cheaper against HTX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRVL-USDT	260.91	0	get 0.0000% / 8h	7h 36m	$132K	$51K	50x
Short	Deribit MRVL_USDC-PERPETUAL	260.87	0	get 0.0000% / 1h	36m 07s	$23K	$143K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against HTX. 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 HTXbpFee DeribitbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.005%: −$2.05
Slippage, 4 orders: −$21.98
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$43.04
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from HTX: live order book, 35 min ago; Deribit: live order book, 37 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 HTX live order book, 35 min ago	0.77 bp	6.8 bp −$7	12.6 bp −$126	doesn't fit	doesn't fit
Sell Deribit live order book, 37 min ago	6.75 bp	10.3 bp −$10	15.0 bp −$150	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
BloFin MRVL-USDT	−0.0023%	8h	261.16	+0.096%	$376K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.80	−0.042%	$315K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.96	+0.019%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.00	+0.034%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.91	0.000%	$5.6M	$9.5M	50x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.24	+0.126%	$280	$206K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.78	−0.050%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUALshort	0.0000%	1h	260.87	−0.015%	$23K	$143K	10x
HTX MRVL-USDTlong	0.0000%	8h	260.91	long leg	$132K	$51K	50x
Aftermath Perps MRVLUSD	+0.0014%	1h	261.01	+0.040%	$946	$52K	10x	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	+0.0017%	8h	260.90	−0.002%	$724K	$764K	—	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.092%	$335K	$790K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	260.96	+0.019%	$1.1M	$4.3M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.03	+0.046%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.86	−0.019%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.35	+0.169%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.90	−0.004%	$14.7M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.96	+0.019%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.82	−0.034%	$571K	$952K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	260.97	+0.022%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0060%	1h	260.99	+0.033%	$88K	$316K	10x	as long as short
Binance MRVLUSDT	+0.0070%	8h	261.04	+0.050%	$24.2M	$114.8M	50x	as long as short
Extended MRVL-USD	+0.0072%	1h	260.88	−0.013%	$48K	$319K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.06	+0.057%	$518K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.91	0.000%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.95	+0.015%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.91	−0.001%	$18	—	10x	as long as short
Bitget MRVLUSDT	+0.0118%	8h	260.95	+0.015%	$5.6M	$16.5M	20x	as long as short
SoDEX MRVL-USD	+0.0156%	1h	260.89	−0.008%	$110	$15K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.01	+0.038%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	264.01	+1.188%	$11K	$644	12x	as long as short
edgeX MRVLUSDC	+0.0429%	4h	261.17	+0.102%	$37K	$369K	10x	as long as short