Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.063%

Price spread now: Coinbase International against Aster−0.193%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$600.602% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.499%+$50 on $10k

Price spread, last 3 days (all we have)+0.183%+$18 · spread now −0.193%, 7d avg +0.056%

Together, before fees+0.682%+ Points / potential airdropAster: Stage 5 · farm board+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.249% cheaper against Aster than usual: you would sell low and buy high (spread −0.193% now, against its 7-day average of +0.056%). If the spread goes back, that is −$25 on $10k: about 6.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MRVLUSDT	258.00	0	get 0.0000% / 8h	1h 28m	$311K	$331K	50x
Short	Coinbase International MRVL-PERP-INTX	257.50	0.0136	get 0.0017% / 1h	28m 47s	$317K	$890K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.193%Rate

Funding earned: $28.56
Price spread: −0.193% → +0.056%: −$24.88
Slippage, 4 orders: −$42.24
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$56.56
Costs to cover: 0.602%
Break-even: 20.9 days

Slippage from Aster: live order book, 53 min ago; Coinbase International: live order book, 55 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 Aster live order book, 53 min ago	2.33 bp	18.7 bp −$19	1045.7 bp −$10.5K	doesn't fit	doesn't fit
Sell Coinbase International live order book, 55 min ago	3.11 bp	8.9 bp −$9	15.5 bp −$155	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
Nado MRVL-PERP	−0.0073%	1h	258.32	+0.126%	$74K	$309K	10x	as long as short
BloFin MRVL-USDT	0.0000%	8h	258.41	+0.160%	$375K	$171K	50x	as long as short
Aster MRVLUSDTlong	0.0000%	8h	258.00	long leg	$311K	$331K	50x
Extended MRVL-USD	0.0000%	1h	258.45	+0.175%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	258.45	+0.176%	$24.1M	$114.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	258.33	+0.129%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	258.47	+0.183%	$7.1M	$22.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	258.47	+0.183%	$5.5M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	258.51	+0.199%	$5.6M	$16.5M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	258.36	+0.142%	$713K	$759K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRVL_USDT_Perp	0.0000%	8h	258.39	+0.152%	$618	$238K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	258.56	+0.218%	$1K	$6.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	258.16	+0.063%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	258.33	+0.130%	$600	$54K	10x	as long as short
Lighter MRVL	+0.0032%	1h	258.48	+0.187%	$92K	$208K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	258.07	+0.028%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	258.63	+0.245%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	258.31	+0.121%	$14.6M	$9.6M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	258.58	+0.226%	$107K	$68K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	258.46	+0.179%	$248	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	258.22	+0.086%	$591K	$940K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0060%	8h	258.33	+0.130%	—	—	5x	as long as short
QFEX MRVL-USD	+0.0064%	1h	258.42	+0.164%	$1.1M	$4.2M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0098%	1h	258.43	+0.168%	$22K	$143K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	258.18	+0.071%	$511K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	258.02	+0.009%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	258.38	+0.148%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	258.41	+0.161%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0136%	1h	257.50	−0.193%	$317K	$890K	10x
Phoenix MRVL	+0.0187%	1h	258.41	+0.160%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	260.35	+0.912%	$11K	$610	12x	as long as short
edgeX MRVLUSDC	+0.0813%	4h	258.43	+0.169%	$36K	$369K	10x	as long as short