Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.021%

Price spread now: Deribit against BloFin−0.012%57s7-day average −0.019% · 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−$360.362% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.012%, 7d avg −0.019%

Together, before fees+0.035%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 57 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	BloFin MRVL-USDT	260.20	−0.0014	get 0.0014% / 8h	4h 05m	$374K	$172K	50x
Short	Deribit MRVL_USDC-PERPETUAL	260.17	0	get 0.0000% / 1h	5m 52s	$23K	$144K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now −0.012%Rate

Funding earned: $2.95
Price spread: −0.012% → −0.019%: $0.78
Slippage, 4 orders: −$17.23
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$32.49
Costs to cover: 0.362%
Break-even: 84.0 days

Slippage from BloFin: live order book, 29 min ago; Deribit: live order book, 52 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 BloFin live order book, 29 min ago	0.96 bp	7.3 bp −$7	12.1 bp −$121	doesn't fit	doesn't fit
Sell Deribit live order book, 52 min ago	6.13 bp	9.6 bp −$10	10.8 bp −$108	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
BloFin MRVL-USDTlong	−0.0014%	8h	260.20	long leg	$374K	$172K	50x
Aster MRVLUSDT	0.0000%	8h	260.26	+0.023%	$312K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.07	−0.051%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.07	−0.051%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.97	−0.088%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.03	−0.065%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.13	−0.027%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.17	−0.012%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.22	+0.007%	$717K	$631K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.60	+0.152%	$636	$189K	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	260.23	+0.012%	$1K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUALshort	0.0000%	1h	260.17	−0.012%	$23K	$144K	10x
HTX MRVL-USDT	0.0000%	8h	260.37	+0.065%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.19	−0.002%	$657	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.18	−0.008%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.21	+0.004%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.14	−0.023%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.59	+0.150%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.00	−0.077%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.07	−0.050%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.18	−0.008%	$104	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.26	+0.023%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	260.21	+0.003%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.25	+0.019%	$334K	$633K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.32	+0.046%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.39	+0.073%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.23	+0.012%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.19	−0.004%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0131%	1h	260.18	−0.007%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.48	+0.108%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.191%	$11K	$705	12x	as long as short
edgeX MRVLUSDC	+0.0762%	4h	260.45	+0.094%	$37K	$371K	10x	as long as short