MRVL

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.066%

7d average—if it closes, per $10,000$7funding while held, a day−$3.74

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MRVL	258.29	0.0125	pay 0.0016% / 1h	46m 22s	$11K	$12K	10x
Short	Deribit MRVL_USDC-PERPETUAL	258.46	0	get 0.0000% / 1h	46m 22s	$19K	$151K	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee PhoenixbpFee DeribitbpOrdersClose when spread is

Spread captured: $6.58
Funding while held: −$3.74
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$11.16
Spread needed to break even: 0.140%

Slippage unknown: Phoenix: no order-book sample; Deribit: live order book, 54 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0125%
Per $10,000 a day: −$3.74
Average in range /8h: —

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 Phoenix no order-book sample	—	—	—	—	—
Sell Deribit live order book, 54 min ago	6.29 bp	9.8 bp −$10	11.9 bp −$119	doesn't fit	doesn't fit

Phoenix: 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 31 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	−0.057%	+0.0037%	1h	$665	$54K	10x	as long as short
Arcus MRVL-USD	−0.046%	+0.0040%	1h	$25K	$30K	5x	as long as short
HTX MRVL-USDT	−0.039%	0.0000%	8h	$129K	$74K	50x	as long as short
Paradex MRVL-USD-PERP	−0.008%	+0.0050%	8h	—	—	5x	as long as short
Phoenix MRVLlong	0.000%	+0.0125%	1h	$11K	$12K	10x
Aster MRVLUSDT	+0.010%	0.0000%	8h	$316K	$290K	50x	as long as short
KuCoin MRVLUSDTM	+0.012%	+0.0100%	8h	$514K	$68K	20x	as long as short
Bybit MRVLUSDT	+0.015%	0.0000%	8h	$5.2M	$3.7M	50x	as long as short
tradeXYZ xyz:MRVL	+0.019%	+0.0050%	1h	$14.2M	$8.9M	10x	as long as short
Variational Omni MRVL	+0.032%	0.0000%	8h	$716K	$726K	—	as long as short

Show all 31 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Nado MRVL-PERP	+0.033%	+0.0407%	1h	$514K	$68K	10x	as long as short
Lighter MRVL	+0.039%	+0.0032%	1h	$113K	$186K	10x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.046%	+0.0100%	8h	$2K	$3K	10x	as long as short
Gate MRVL_USDT	+0.054%	0.0000%	8h	$5.7M	$9.1M	50x	as long as short
BloFin MRVL-USDT	+0.054%	−0.0003%	8h	$391K	$153K	50x	as long as short
OKX MRVL-USDT-SWAP	+0.062%	0.0000%	8h	$7.4M	$21.4M	50x	as long as short
Aevo MRVL-PERP	+0.065%	+0.0104%	1h	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUALshort	+0.066%	0.0000%	1h	$19K	$151K	10x
QFEX MRVL-USD	+0.070%	+0.0014%	1h	$1.2M	$3.6M	10x	as long as short
Extended MRVL-USD	+0.071%	0.0000%	1h	$44K	$191K	10x	as long as short
Binance MRVLUSDT	+0.073%	0.0000%	8h	$25.6M	$103.7M	50x	as long as short
SoDEX MRVL-USD	+0.074%	+0.0050%	1h	$119	$14K	10x	as long as short
Bitget MRVLUSDT	+0.077%	0.0000%	8h	$6.0M	$14.3M	20x	as long as short
SunX MRVL-USDT	+0.093%	0.0000%	8h	$2K	$7.0M	10x	as long as short
Ondo Perps MRVL-USD.P	+0.112%	+0.0050%	1h	$595K	$889K	10x	as long as short
Polymarket Perps MRVL-USD	+0.159%	+0.0242%	1h	$110K	$61K	10x	as long as short
edgeX MRVLUSDC	+0.179%	+0.0753%	4h	$36K	$365K	10x	as long as short
ApeX Omni MRVLUSDT	+0.217%	+0.0100%	1h	$4K	$143K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.217%	+0.0040%	1h	$324K	$859K	10x	as long as short
Vest MRVL-USD-PERP	+0.225%	+0.0046%	1h	—	$33K	25x	as long as short
Injective MRVL/USDC PERP	+1.235%	+0.0220%	1h	$11K	$407	12x	as long as short