Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.026%

Price spread now: HTX against Deribit+0.058%7-day average −0.003% · 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−$31as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.122%−$12 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now +0.058%, 7d avg −0.003%

Together, before fees+0.005%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.061% dearer against Deribit than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.003%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 5 days (−0.122% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MRVL_USDC-PERPETUAL	260.10	0.0019	pay 0.0002% / 1h	23m 47s	$23K	$143K	10x
Short	HTX MRVL-USDT	260.25	0	get 0.0000% / 8h	5h 23m	$131K	$42K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$4.03
Price spread: +0.058% → −0.003%: $6.08
Slippage, 4 orders: −$18.55
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.51
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Deribit: live order book, 40 min ago; HTX: 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 Deribit live order book, 40 min ago	6.34 bp	9.8 bp −$10	11.9 bp −$119	doesn't fit	doesn't fit
Sell HTX live order book, 37 min ago	2.50 bp	8.6 bp −$9	14.0 bp −$140	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	260.21	+0.041%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.11	+0.004%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.25	+0.058%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.29	+0.073%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.33	+0.088%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.08	−0.007%	$716K	$654K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.12	+0.008%	$840	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.02	−0.031%	$2K	$6.1M	10x	as long as short
HTX MRVL-USDTshort	0.0000%	8h	260.25	+0.058%	$131K	$42K	50x
Aftermath Perps MRVLUSD	+0.0015%	1h	260.04	−0.023%	$604	$50K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUALlong	+0.0019%	1h	260.10	long leg	$23K	$143K	10x
BloFin MRVL-USDT	+0.0022%	8h	260.05	−0.019%	$377K	$170K	50x	as long as short
Extended MRVL-USD	+0.0024%	1h	260.22	+0.044%	$51K	$353K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.01	−0.035%	$1.1M	$3.7M	10x	as long as short
Binance MRVLUSDT	+0.0028%	8h	260.28	+0.069%	$24.2M	$107.8M	50x	as long as short
Lighter MRVL	+0.0032%	1h	260.15	+0.019%	$94K	$204K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.100%	$334K	$630K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.87	−0.088%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.46	+0.138%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.09	−0.004%	$14.5M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.99	−0.042%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.07	−0.012%	$166	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.84	−0.100%	$575K	$692K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	259.98	−0.044%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.38	+0.108%	$514K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.02	−0.031%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.09	−0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.07	−0.011%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0106%	1h	259.96	−0.053%	$89K	$274K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.11	+0.004%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.265%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0890%	4h	260.05	−0.021%	$37K	$370K	10x	as long as short