Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0223%/8h= −24.4% APRpaid last 24h −0.010%

Price spread now: Binance against Deribit+0.044%7-day average +0.021% · 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−$32as in the Price arb table

costs, in and out, $10k−$340.345% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.082%−$8 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.044%, 7d avg +0.021%

Together, before fees−0.112%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.023% dearer against Deribit than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of +0.021%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 5 days (−0.082% in total) that is about 33 hours.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.082% in total (about -6.1% a year). A funding rate is set anew for every payment. 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	253.93	0.0223	pay 0.0028% / 1h	24m 01s	$22K	$144K	10x
Short	Binance MRVLUSDT	254.04	0	get 0.0000% / 8h	2h 24m	$23.4M	$111.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.044%Rate

Funding earned: −$46.79
Price spread: +0.044% → +0.021%: $2.31
Slippage, 4 orders: −$17.49
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.96
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Deribit: live order book, 24 min ago; Binance: live order book, 4 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, 24 min ago	5.66 bp	9.5 bp −$10	11.8 bp −$118	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.20 bp	7.5 bp −$7	16.2 bp −$162	55.6 bp −$5,559	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	−0.0880%	8h	254.28	+0.138%	$5.5M	$16.8M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	253.98	+0.018%	$299K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	253.97	+0.015%	$47K	$268K	10x	as long as short
Binance MRVLUSDTshort	0.0000%	8h	254.04	+0.044%	$23.4M	$111.6M	50x
Bybit MRVLUSDT	0.0000%	8h	253.96	+0.012%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.07	+0.055%	$6.8M	$23.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.06	+0.051%	$5.2M	$8.5M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	253.73	−0.078%	$704K	$489K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.58	+0.254%	$1K	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	253.89	−0.016%	$2K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	253.64	−0.114%	$128K	$43K	50x	as long as short
BloFin MRVL-USDT	+0.0010%	8h	253.87	−0.024%	$365K	$178K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	253.99	+0.023%	$643	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	253.90	−0.012%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	253.84	−0.035%	$88K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	253.68	−0.098%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.03	+0.039%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	253.88	−0.020%	$14.0M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	253.62	−0.122%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	253.74	−0.075%	$162	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	253.57	−0.142%	$556K	$742K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	253.73	−0.078%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0081%	1h	253.69	−0.095%	$86K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.60	−0.130%	$318K	$634K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	253.75	−0.071%	$4K	$139K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	253.83	−0.039%	$2K	$3K	10x	as long as short
KuCoin MRVLUSDTM	+0.0104%	8h	254.09	+0.063%	$502K	$63K	20x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	253.83	−0.038%	$18	—	10x	as long as short
Phoenix MRVL	+0.0157%	1h	254.67	+0.291%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.855%	$11K	$735	12x	as long as short
Deribit MRVL_USDC-PERPETUALlong	+0.0223%	1h	253.93	long leg	$22K	$144K	10x
edgeX MRVLUSDC	+0.0364%	4h	253.70	−0.089%	$36K	$372K	10x	as long as short