MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.048%

Price spread now: Deribit against Polymarket Perps−0.084%7-day average −0.117% · 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−$31as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.361%−$36 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.084%, 7d avg −0.117%

Together, before fees−0.387%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.032% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.084% now, against its 7-day average of −0.117%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 5 days (−0.361% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MRVL-USD	260.93	0.0050	pay 0.0006% / 1h	58m 10s	$105K	$81K	10x
Short	Deribit MRVL_USDC-PERPETUAL	260.71	0	get 0.0000% / 1h	58m 10s	$23K	$143K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Polymarket Perps. 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 Polymarket PerpsbpFee DeribitbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$10.5
Price spread: −0.084% → −0.117%: $3.22
Slippage, 4 orders: −$19.58
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$41.86
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 9 min ago; Deribit: live order book, 10 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 Polymarket Perps live order book, 9 min ago	3.06 bp	7.1 bp −$7	8.7 bp −$87	doesn't fit	doesn't fit
Sell Deribit live order book, 10 min ago	5.93 bp	11.0 bp −$11	12.7 bp −$127	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	261.03	+0.037%	$314K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.71	−0.084%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.66	−0.103%	$7.1M	$22.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.87	−0.023%	$5.6M	$8.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.90	−0.011%	$1K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUALshort	0.0000%	1h	260.71	−0.084%	$23K	$143K	10x
HTX MRVL-USDT	0.0000%	8h	261.11	+0.069%	$132K	$45K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0008%	1h	260.67	−0.100%	$335K	$720K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0011%	1h	261.19	+0.101%	$887	$51K	10x	as long as short
BloFin MRVL-USDT	+0.0018%	8h	261.15	+0.084%	$377K	$171K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0023%	1h	260.83	−0.038%	$1.1M	$4.1M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.73	−0.077%	$95K	$205K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.03	+0.038%	$26K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.34	+0.157%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.80	−0.050%	$14.8M	$8.2M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	260.93	long leg	$105K	$81K	10x
SoDEX MRVL-USD	+0.0050%	1h	260.74	−0.073%	$130	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.12	+0.073%	$568K	$912K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.79	−0.052%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0054%	4h	261.31	+0.147%	$37K	$371K	10x	as long as short
Variational Omni MRVL	+0.0061%	8h	261.26	+0.128%	$725K	$763K	—	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.09	+0.061%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.22	+0.111%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.91	−0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.83	−0.040%	$18	—	10x	as long as short
Extended MRVL-USD	+0.0112%	1h	260.81	−0.045%	$47K	$350K	10x	as long as short
Binance MRVLUSDT	+0.0115%	8h	260.77	−0.061%	$24.2M	$114.3M	50x	as long as short
Nado MRVL-PERP	+0.0179%	1h	260.89	−0.017%	$89K	$316K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.33	+0.153%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.90	+1.138%	$11K	$661	12x	as long as short
GRVT MRVL_USDT_Perp	+0.0230%	8h	261.28	+0.134%	$1K	$198K	10x	as long as short
Bitget MRVLUSDT	+0.0252%	8h	260.87	−0.023%	$5.5M	$16.5M	20x	as long as short