Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.007%

Price spread now: Deribit against KuCoin−0.160%53s7-day average −0.005% · you buy dearer than you sell

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−$2432.428% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.160%, 7d avg −0.005%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.154% cheaper against KuCoin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 53 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	KuCoin MRVLUSDTM	256.94	0.0100	pay 0.0100% / 8h	3h 37m	$508K	$61K	20x
Short	Deribit MRVL_USDC-PERPETUAL	256.53	0	get 0.0000% / 1h	37m 25s	$22K	$144K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now −0.160%Rate

Funding earned: −$21
Price spread: −0.160% → −0.005%: −$15.45
Slippage, 4 orders: −$223.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$279.22
Costs to cover: 2.428%
Break-even: never at this rate

Slippage from KuCoin: live order book, 36 min ago; Deribit: live order book, 16 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 KuCoin live order book, 36 min ago	5.38 bp	68.2 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 16 min ago	6.76 bp	10.6 bp −$11	12.6 bp −$126	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	256.61	−0.128%	$308K	$338K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.64	−0.117%	$46K	$343K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.87	−0.027%	$23.6M	$109.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.82	−0.047%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.00	+0.023%	$6.9M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.73	−0.082%	$5.5M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	257.03	+0.035%	$5.5M	$16.2M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	257.34	+0.158%	$714K	$631K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.75	−0.075%	$816	$190K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.76	−0.070%	$1K	$6.1M	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-PERPETUALshort	0.0000%	1h	256.53	−0.160%	$22K	$144K	10x
HTX MRVL-USDT	0.0000%	8h	256.94	0.000%	$130K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0012%	8h	256.73	−0.082%	$369K	$171K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	257.19	+0.098%	$597	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.63	−0.121%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.43	−0.198%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.80	−0.054%	$25K	$26K	5x	as long as short
Nado MRVL-PERP	+0.0045%	1h	256.40	−0.209%	$87K	$272K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.94	0.000%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.71	−0.090%	$14.4M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.54	−0.156%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.66	−0.109%	$190	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.52	−0.163%	$573K	$720K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.47	−0.183%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	256.54	−0.156%	$329K	$623K	10x	as long as short
KuCoin MRVLUSDTMlong	+0.0100%	8h	256.94	long leg	$508K	$61K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	256.63	−0.121%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.78	−0.062%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.75	−0.075%	$18	—	10x	as long as short
Phoenix MRVL	+0.0185%	1h	257.70	+0.296%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0187%	4h	256.78	−0.062%	$36K	$372K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+1.833%	$11K	$734	12x	as long as short