Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0320%/8h= +35.0% APRpaid last 24h +0.013%

Price spread now: Orderly against Deribit+0.055%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Orderly is 0.055% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MRVL_USDC-PERPETUAL	255.19	−0.0220	get 0.0028% / 1h	8m 41s	$22K	$145K	10x
Short	Orderly PERP_MRVL_USDC_mythos	255.33	0.0100	get 0.0100% / 8h	8m 41s	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.055%Rate

Funding earned: $67.2
Price spread: +0.055% → 0.000%: $5.49
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $59.69
Costs to cover: 0.130%
Break-even: 0.8 days

Slippage unknown: Deribit: live order book, 30 min ago; Orderly: no order-book sample. 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 Deribit live order book, 30 min ago	6.06 bp	9.6 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0518%	8h	255.37	+0.071%	$5.5M	$17.2M	20x	as long as short
Deribit MRVL_USDC-PERPETUALlong	−0.0220%	1h	255.19	long leg	$22K	$145K	10x
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.11	−0.031%	$335K	$652K	10x	as long as short
BloFin MRVL-USDT	−0.0001%	8h	255.23	+0.016%	$365K	$188K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.31	+0.049%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.17	−0.006%	$50K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.21	+0.008%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.25	+0.024%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.13	−0.024%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.25	+0.024%	$5.1M	$8.7M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRVL	0.0000%	8h	255.09	−0.038%	$714K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.14	−0.019%	$967	$187K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.31	+0.047%	$1K	$5.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.23	+0.016%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.10	−0.036%	$751	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.24	+0.020%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.24	+0.020%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.01	−0.071%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.52	+0.129%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.15	−0.016%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.16	−0.012%	$99K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.19	0.000%	$168	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.18	−0.004%	$532K	$848K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.20	+0.004%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0063%	1h	255.38	+0.075%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.14	−0.020%	$504K	$74K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.11	−0.031%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	255.33	+0.055%	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	255.28	+0.035%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.31	+0.047%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.109%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0522%	4h	255.15	−0.017%	$36K	$373K	10x	as long as short