Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.023%

Price spread now: OKX against Deribit+0.125%46s7-day average +0.013% · 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−$350.346% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.091%−$9 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.125%, 7d avg +0.013%

Together, before fees−0.150%−$15 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: OKX is 0.112% dearer against Deribit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.013%. The two prices were read 46 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	255.63	0	get 0.0000% / 1h	4m 33s	$22K	$144K	10x
Short	OKX MRVL-USDT-SWAP	255.95	0	get 0.0000% / 8h	3h 04m	$6.8M	$22.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.125%Rate

Funding earned: $0
Price spread: +0.125% → +0.013%: $11.19
Slippage, 4 orders: −$17.61
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.42
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from Deribit: live order book, 49 min ago; OKX: 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, 49 min ago	6.76 bp	10.3 bp −$10	11.9 bp −$119	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.20 bp	5.3 bp −$5	14.6 bp −$146	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
Bitget MRVLUSDT	−0.0487%	8h	255.91	+0.110%	$5.5M	$16.4M	20x	as long as short
BloFin MRVL-USDT	−0.0027%	8h	255.68	+0.020%	$367K	$175K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.82	+0.073%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.72	+0.034%	$49K	$269K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.82	+0.076%	$23.5M	$110.1M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.72	+0.035%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAPshort	0.0000%	8h	255.95	+0.125%	$6.8M	$22.8M	50x
Gate MRVL_USDT	0.0000%	8h	255.79	+0.063%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.96	+0.129%	$710K	$502K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.39	−0.094%	$243	$191K	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	255.66	+0.012%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUALlong	0.0000%	1h	255.63	long leg	$22K	$144K	10x
HTX MRVL-USDT	0.0000%	8h	255.72	+0.035%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	255.60	−0.010%	$627	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.69	+0.023%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.71	+0.031%	$88K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.45	−0.070%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.95	+0.125%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.52	−0.043%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.59	−0.016%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.59	−0.016%	$138	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.61	−0.008%	$547K	$745K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.67	+0.014%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0087%	4h	255.33	−0.117%	$36K	$372K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.30	−0.129%	$321K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0095%	1h	255.70	+0.027%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.74	+0.043%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.68	+0.020%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.63	+0.001%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0111%	8h	255.88	+0.098%	$506K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	255.88	+0.098%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.355%	$11K	$734	12x	as long as short