Funding you earn now, next payment 08:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.23 per $10,000 · paid last 24h −0.033%
Price spread now: Deribit against Phoenix−0.352%70s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Deribit is 0.352% cheaper against Phoenix than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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 | Phoenix MRVL | 253.01 | 0.0188 | pay 0.0023% / 1h | 35m 46s | $11K | $12K | 10x |
| Short | Deribit MRVL_USDC-PERPETUAL | 252.12 | 0 | get 0.0000% / 1h | 35m 46s | $22K | $145K | 10x |
Phoenix MRVL
Deribit MRVL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$39.46
- Price spread: −0.352% → 0.000%
- −$35.18
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$88.64
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Deribit: live order book, 63 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 63 min ago | 6.06 bp | 10.0 bp −$10 | 12.9 bp −$129 | doesn't fit | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0410% | 8h | 252.16 | −0.336% | $5.4M | $17.6M | 20x | as long as short |
| BloFin MRVL-USDT | −0.0019% | 8h | 252.83 | −0.071% | $363K | $192K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 252.62 | −0.156% | $298K | $336K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 252.23 | −0.309% | $47K | $300K | 10x | as long as short |
| Binance MRVLUSDT | 0.0000% | 8h | 252.25 | −0.301% | $23.3M | $115.6M | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 252.05 | −0.379% | $4.9M | $4.1M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 252.13 | −0.348% | $6.7M | $24.1M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 252.20 | −0.320% | $4.9M | $8.5M | 50x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 252.28 | −0.287% | $707K | $457K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 252.95 | −0.024% | $210 | $182K | 10x | as long as short |
Bitget MRVLUSDT
BloFin MRVL-USDT
Aster MRVLUSDT
Extended MRVL-USD
Binance MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Variational Omni MRVL
GRVT MRVL_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MRVL-USDT | 0.0000% | 8h | 252.28 | −0.289% | $1K | $5.7M | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUALshort | 0.0000% | 1h | 252.12 | −0.352% | $22K | $145K | 10x | |
| HTX MRVL-USDT | 0.0000% | 8h | 252.73 | −0.111% | $130K | $48K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0019% | 1h | 253.13 | +0.049% | $1K | $46K | 10x | as long as short |
| QFEX MRVL-USD | +0.0022% | 1h | 252.45 | −0.221% | $1.1M | $3.5M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 252.19 | −0.324% | $87K | $164K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 252.44 | −0.225% | $23K | $26K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 252.60 | −0.162% | — | $51K | 25x | as long as short |
| Nado MRVL-PERP | +0.0049% | 1h | 252.25 | −0.300% | $86K | $272K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0049% | 8h | 252.38 | −0.250% | — | — | 5x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 251.99 | −0.403% | $13.9M | $9.1M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 252.34 | −0.265% | $98K | $76K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 252.45 | −0.221% | $106 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 252.48 | −0.209% | $536K | $832K | 10x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0072% | 1h | 252.16 | −0.336% | $321K | $659K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 252.28 | −0.289% | $499K | $110K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 253.01 | 0.000% | $4K | $144K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 252.63 | −0.150% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 252.59 | −0.164% | $18 | — | 10x | as long as short |
| Phoenix MRVLlong | +0.0188% | 1h | 253.01 | long leg | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 256.63 | +1.431% | $11K | $845 | 12x | as long as short |
| edgeX MRVLUSDC | +0.0634% | 4h | 253.26 | +0.100% | $36K | $374K | 10x | as long as short |
SunX MRVL-USDT
HTX MRVL-USDT
Aftermath Perps MRVLUSD
QFEX MRVL-USD
Lighter MRVL
Arcus MRVL-USD
Vest MRVL-USD-PERP
Nado MRVL-PERP
Paradex MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Coinbase International MRVL-PERP-INTX
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Injective MRVL/USDC PERP
edgeX MRVLUSDC