Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.019%

Price spread now: BloFin against Deribit+0.156%57s7-day average +0.019% · 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−$380.379% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.156%, 7d avg +0.019%

Together, before fees−0.187%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.136% dearer against Deribit than usual: you sell high and buy low (spread +0.156% now, against its 7-day average of +0.019%): +$14 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 41 days. At the pace of the last 5 days (−0.077% in total) that is about 8.5 days. The two prices were read 57 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	Deribit MRVL_USDC-PERPETUAL	256.99	0	get 0.0000% / 1h	40m 03s	$22K	$144K	10x
Short	BloFin MRVL-USDT	257.39	−0.0011	pay 0.0011% / 8h	3h 40m	$370K	$171K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$2.33
Price spread: +0.156% → +0.019%: $13.64
Slippage, 4 orders: −$18.87
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$26.56
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Deribit: live order book, 13 min ago; BloFin: live order book, 55 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, 13 min ago	6.76 bp	10.3 bp −$10	11.9 bp −$119	doesn't fit	doesn't fit
Sell BloFin live order book, 55 min ago	0.96 bp	9.7 bp −$10	14.3 bp −$143	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-USDTshort	−0.0011%	8h	257.39	+0.156%	$370K	$171K	50x
Aster MRVLUSDT	0.0000%	8h	257.14	+0.057%	$308K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.98	−0.002%	$46K	$343K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.03	+0.016%	$23.7M	$108.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.01	+0.008%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.01	+0.008%	$6.9M	$22.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.05	+0.023%	$5.5M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	257.09	+0.039%	$5.5M	$16.2M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	257.34	+0.138%	$714K	$631K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.81	+0.320%	$820	$190K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	257.14	+0.058%	$1K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUALlong	0.0000%	1h	256.99	long leg	$22K	$144K	10x
HTX MRVL-USDT	0.0000%	8h	257.78	+0.307%	$130K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	257.69	+0.273%	$598	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	257.16	+0.066%	$1.1M	$3.6M	10x	as long as short
edgeX MRVLUSDC	+0.0027%	4h	257.78	+0.309%	$36K	$371K	10x	as long as short
Lighter MRVL	+0.0032%	1h	257.00	+0.004%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	257.38	+0.152%	$25K	$26K	5x	as long as short
Nado MRVL-PERP	+0.0041%	1h	257.18	+0.075%	$88K	$272K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.60	+0.237%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.93	−0.023%	$14.4M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.97	−0.008%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.02	+0.012%	$190	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.98	−0.004%	$573K	$720K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	257.15	+0.063%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	257.16	+0.066%	$330K	$624K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	257.27	+0.109%	$509K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.78	+0.307%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.99	0.000%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.01	+0.007%	$18	—	10x	as long as short
Phoenix MRVL	+0.0185%	1h	257.70	+0.276%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+1.813%	$11K	$734	12x	as long as short