Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0480%/8h= −52.6% APRpaid last 24h −0.025%

Price spread now: HTX against Deribit−0.046%7-day average −0.003% · 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−$41as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Deribit Short on HTX

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)+0.027%+$3 · spread now −0.046%, 7d avg −0.003%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and HTX is 0.044% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

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	Deribit MRVL_USDC-PERPETUAL	260.46	0.0480	pay 0.0060% / 1h	9m 58s	$23K	$144K	10x
Short	HTX MRVL-USDT	260.34	0	get 0.0000% / 8h	4h 09m	$131K	$42K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$100.8
Price spread: −0.046% → −0.003%: −$4.35
Slippage, 4 orders: −$18.01
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$142.16
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from Deribit: live order book, 48 min ago; HTX: live order book, 46 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, 48 min ago	6.13 bp	9.6 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell HTX live order book, 46 min ago	2.87 bp	8.9 bp −$9	19.0 bp −$190	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	260.53	+0.028%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.47	+0.003%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.52	+0.023%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.38	−0.031%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.46	0.000%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.52	+0.023%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.51	+0.019%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.44	−0.009%	$717K	$633K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.30	−0.061%	$635	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.48	+0.008%	$867	$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
HTX MRVL-USDTshort	0.0000%	8h	260.34	−0.046%	$131K	$42K	50x
Aftermath Perps MRVLUSD	+0.0020%	1h	260.36	−0.037%	$604	$49K	10x	as long as short
BloFin MRVL-USDT	+0.0022%	8h	260.44	−0.008%	$374K	$172K	50x	as long as short
Lighter MRVL	+0.0032%	1h	260.51	+0.019%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.51	+0.019%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.18	−0.108%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.83	+0.142%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.33	−0.050%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.35	−0.042%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.50	+0.015%	$104	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.19	−0.104%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	260.42	−0.016%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.25	−0.081%	$334K	$633K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.63	+0.065%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.39	−0.027%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.48	+0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.44	−0.009%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0127%	1h	260.28	−0.068%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.39	−0.027%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.090%	$11K	$705	12x	as long as short
Deribit MRVL_USDC-PERPETUALlong	+0.0480%	1h	260.46	long leg	$23K	$144K	10x
edgeX MRVLUSDC	+0.0972%	4h	260.23	−0.088%	$37K	$373K	10x	as long as short