Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.013%

Price spread now: BloFin against Deribit+0.059%7-day average +0.019% · 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−$34as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Deribit Short on BloFin

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)−0.037%−$4 · spread now +0.059%, 7d avg +0.019%

Together, before fees−0.115%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.040% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.019%. Mind the row above: over the last 5 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MRVL_USDC-PERPETUAL	255.47	0	get 0.0000% / 1h	34m 59s	$22K	$145K	10x
Short	BloFin MRVL-USDT	255.62	0.0022	get 0.0022% / 8h	34m 59s	$365K	$188K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.059%Rate

Funding earned: $4.53
Price spread: +0.059% → +0.019%: $3.96
Slippage, 4 orders: −$19.3
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$29.8
Costs to cover: 0.383%
Break-even: 53.0 days

Slippage from Deribit: live order book, 3 min ago; BloFin: live order book, 45 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, 3 min ago	6.06 bp	9.6 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell BloFin live order book, 45 min ago	0.20 bp	8.3 bp −$8	16.4 bp −$164	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	−0.0527%	8h	255.75	+0.110%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.42	−0.020%	$335K	$652K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.62	+0.057%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.59	+0.047%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.66	+0.075%	$23.6M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.58	+0.043%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.70	+0.090%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.71	+0.094%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.45	−0.010%	$716K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.59	+0.048%	$391	$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	255.52	+0.020%	$2K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUALlong	0.0000%	1h	255.47	long leg	$22K	$145K	10x
HTX MRVL-USDT	0.0000%	8h	255.49	+0.008%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.49	+0.009%	$734	$46K	10x	as long as short
BloFin MRVL-USDTshort	+0.0022%	8h	255.62	+0.059%	$365K	$188K	50x
QFEX MRVL-USD	+0.0025%	1h	255.46	−0.004%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.58	+0.043%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.40	−0.027%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.74	+0.106%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.49	+0.008%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.30	−0.067%	$99K	$86K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.57	+0.039%	$225	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.44	−0.012%	$533K	$859K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.51	+0.017%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0059%	1h	255.54	+0.028%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.62	+0.059%	$505K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.71	+0.094%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.46	−0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.48	+0.004%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.57	+0.039%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0187%	4h	255.63	+0.062%	$36K	$374K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.27	+1.096%	$11K	$825	12x	as long as short