Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0336%/8h= +36.8% APRpaid last 24h +0.023%

Price spread now: Deribit against SunX−0.055%7-day average −0.034% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.124%+$12 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.055%, 7d avg −0.034%

Together, before fees+0.116%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.021% cheaper against SunX than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.034%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$10 a day). At the pace of the last 5 days (+0.124% in total) that is about 19 hours.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.124% in total (about 9.3% 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	SunX MRVL-USDT	256.18	0	get 0.0000% / 8h	3h 14m	$1K	$6.0M	10x
Short	Deribit MRVL_USDC-PERPETUAL	256.04	0.0336	get 0.0042% / 1h	14m 03s	$22K	$144K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SunX. 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 SunXbpFee DeribitbpOrdersPrice spread, now −0.055%Rate

Funding earned: $70.6
Price spread: −0.055% → −0.034%: −$2.05
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $53.55
Costs to cover: 0.150%
Break-even: 1.7 days

Slippage unknown: SunX: live order book, 5 min ago; Deribit: live order book, 39 min ago. Net counts fees only.

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 SunX live order book, 5 min ago	44.78 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 39 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
Bitget MRVLUSDT	−0.0311%	8h	256.31	+0.051%	$5.5M	$16.4M	20x	as long as short
BloFin MRVL-USDT	−0.0022%	8h	256.02	−0.062%	$368K	$174K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.13	−0.019%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.11	−0.028%	$49K	$346K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.14	−0.017%	$23.5M	$109.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.00	−0.070%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.10	−0.031%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.11	−0.027%	$5.5M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.39	+0.080%	$711K	$630K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.19	+0.004%	$602	$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-USDTlong	0.0000%	8h	256.18	long leg	$1K	$6.0M	10x
HTX MRVL-USDT	0.0000%	8h	255.91	−0.105%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	256.04	−0.056%	$594	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.12	−0.023%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.97	−0.082%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.93	−0.098%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.37	+0.074%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.86	−0.125%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.96	−0.086%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.04	−0.055%	$184	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.95	−0.090%	$549K	$752K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.90	−0.107%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.56	−0.242%	$322K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0098%	1h	256.07	−0.043%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.36	+0.070%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.98	−0.078%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.02	−0.062%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0112%	8h	256.22	+0.016%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	256.05	−0.051%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.135%	$11K	$734	12x	as long as short
Deribit MRVL_USDC-PERPETUALshort	+0.0336%	1h	256.04	−0.055%	$22K	$144K	10x
edgeX MRVLUSDC	+0.0550%	4h	256.06	−0.047%	$36K	$374K	10x	as long as short