Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Deribit against Extended−0.034%7-day average −0.009% · 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−$36as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.083%+$8 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now −0.034%, 7d avg −0.009%

Together, before fees−0.014%+ Points / potential airdropExtended: Active · farm board−$1 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 0.025% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MRVL-USD	260.81	0	get 0.0000% / 1h	37m 00s	$47K	$349K	10x
Short	Deribit MRVL_USDC-PERPETUAL	260.72	0	get 0.0000% / 1h	37m 00s	$23K	$144K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Extended. 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 ExtendedbpFee DeribitbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.009%: −$2.45
Slippage, 4 orders: −$21.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$35.6
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from Extended: live order book, 20 min ago; Deribit: live order book, 21 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 Extended live order book, 20 min ago	0.96 bp	6.9 bp −$7	88.0 bp −$880	doesn't fit	doesn't fit
Sell Deribit live order book, 21 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-USDT	0.0000%	8h	260.86	+0.020%	$374K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.87	+0.025%	$313K	$330K	50x	as long as short
Extended MRVL-USDlong	0.0000%	1h	260.81	long leg	$47K	$349K	10x
Bybit MRVLUSDT	0.0000%	8h	260.78	−0.011%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.81	+0.001%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.88	+0.028%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.88	+0.028%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	261.17	+0.138%	$719K	$641K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.14	+0.128%	$595	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.93	+0.047%	$1K	$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
Deribit MRVL_USDC-PERPETUALshort	0.0000%	1h	260.72	−0.034%	$23K	$144K	10x
HTX MRVL-USDT	0.0000%	8h	260.89	+0.032%	$132K	$42K	50x	as long as short
Binance MRVLUSDT	+0.0002%	8h	260.88	+0.026%	$24.3M	$107.7M	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	260.84	+0.011%	$721	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.84	+0.012%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.86	+0.020%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.71	−0.037%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.24	+0.166%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.73	−0.030%	$14.5M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.71	−0.037%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.81	+0.001%	$120	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.89	+0.032%	$577K	$681K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	260.84	+0.010%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0059%	4h	260.91	+0.041%	$37K	$371K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.371%	$334K	$629K	10x	as long as short
Nado MRVL-PERP	+0.0087%	1h	260.85	+0.014%	$89K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.00	+0.074%	$515K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.00	+0.074%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.88	+0.028%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.83	+0.010%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.99	+0.070%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.69	+1.105%	$11K	$700	12x	as long as short