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 +0.013%

Price spread now: Deribit against Binance+0.069%7-day average −0.021% · 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−$25as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.082%+$8 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.069%, 7d avg −0.021%

Together, before fees+0.136%+$14 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: Deribit is 0.090% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRVLUSDT	255.83	0	get 0.0000% / 8h	3h 06m	$23.5M	$110.0M	50x
Short	Deribit MRVL_USDC-PERPETUAL	256.01	0	get 0.0000% / 1h	6m 03s	$22K	$144K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → −0.021%: $9
Slippage, 4 orders: −$17.39
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$25.39
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Deribit: live order book, 47 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 Binance live order book, 7 min ago	0.19 bp	6.7 bp −$7	12.8 bp −$128	57.2 bp −$5,717	doesn't fit
Sell Deribit live order book, 47 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	−0.0464%	8h	255.95	+0.046%	$5.5M	$16.4M	20x	as long as short
BloFin MRVL-USDT	−0.0008%	8h	255.27	−0.220%	$367K	$174K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.93	+0.039%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.72	−0.044%	$49K	$269K	10x	as long as short
Binance MRVLUSDTlong	0.0000%	8h	255.83	long leg	$23.5M	$110.0M	50x
Bybit MRVLUSDT	0.0000%	8h	255.83	−0.001%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.76	−0.029%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.92	+0.034%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.96	+0.050%	$710K	$502K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.28	−0.216%	$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	256.01	+0.069%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUALshort	0.0000%	1h	256.01	+0.069%	$22K	$144K	10x
HTX MRVL-USDT	0.0000%	8h	255.46	−0.146%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	255.65	−0.071%	$593	$48K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.91	+0.030%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.91	+0.030%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.31	−0.204%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.10	+0.104%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.79	−0.017%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.91	+0.030%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.77	−0.025%	$133	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.47	−0.142%	$547K	$726K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.83	−0.003%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0087%	4h	255.33	−0.196%	$36K	$372K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.30	−0.208%	$321K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0095%	1h	255.92	+0.032%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.28	−0.216%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.01	+0.069%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.97	+0.053%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0111%	8h	256.22	+0.151%	$506K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	255.50	−0.130%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.274%	$11K	$734	12x	as long as short